Almaden's Press Release on Third-Party Funding

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NEWS RELEASE Trading Symbols: TSX: AMM; OTCQB: AAUAF www.almadenminerals.com Almaden Announces Litigation Financing of up to US$9.5 million; Streamlines Arbitration Management Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; OTCQB: AAUAF) is pleased to announce that further to its press release of June 17, 2024, it has confirmed non-recourse litigation funding in the amount of up to US$9.5 million to pursue its international arbitration proceedings against the United Mexican States (“Mexico”) under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (“CPTPP”). The Company has also agreed with Almadex Minerals Ltd. (“Almadex”) to an extension …