Almaden reports on lower court decision regarding mexico's ministry of economy efforts to deny twenty year-old ixtaca mineral title applications

Vancouver, british columbia, april 13, 2023 (globe newswire) -- almaden minerals ltd. (“almaden” or “the company”; tsx: amm; nyse american: aau) wishes to advise stakeholders that, further to our press release of february 22, 2023, the second district court in puebla state (the “district court”) has ruled in favour of the submission made by mexico's ministry of economy (“economia”) which seeks to deny the two mineral title applications which were first made by almaden in 2002 and 2008, and which in turn initially led to the grant of mineral titles in 2003 and 2009, respectively (the “economia submission”). these mineral titles underpin the ixtaca deposit which was discovered by almaden in 2010. as previously reported, these mineral titles were reduced to application status as a result of an early 2022 decision of mexico's supreme court of justice (“scjn”). the district court is implementing the scjn decision.
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