Call Center Company in Paradise, NV

VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it has commenced diamond drilling operations at its porphyry lithocap target on the Paradise Project, Nevada. The program will target both near surface gold potential and deep porphyry potential. Almadex currently plans 3 to 4 holes in this program. The holes were designed to test targets defined by the Company’s past and the more recent work described in its news release of May 14, 2025. Previous work carried out by Almadex includes extensive mapping, soils and the drilling of two holes on the northwest portion of the lithocap in 2024. These two holes confirmed the presence of porphyry veining but were interpreted to have intercepted a more distal part of the porphyry system (see Almadex news release of October 8^th, 2024). Recent work reported here includes prospecting and detailed mapping within the lithocap alteration zone along with drone based (UAV) magnetics and ground IP surveys. The porphyry lithocap has potential for three styles of mineralisation; high sulphidation gold hosted in quartz-alunite alteration, porphyry related mineralisation underlying and adjacent to the high sulphidation system, and gold-silver in epithermal veins that crosscut both.

J Duane Poliquin, Chairman of Almadex commented, “Our work has defined a vector towards a potential core of this large alteration system and it is very exciting to now be drill testing this model in this 2025 drill program.”

About Lithocap Alteration Zones and the Paradise LithocapLithocaps are extensive areas of hydrothermally altered rocks that occur above or adjacent to intrusive rocks and related porphyry deposits. The hydrothermal alteration forms when ascending high temperature magmatic fluids are released from the source intrusion below and alter permeable and reactive rocks occurring above. Lithocaps can be over 10 by 10 km in surface area and over 1 km thick. The alteration mineral assemblages vary, usually with distance from the intrusive source. Often more neutral and higher temperature stable alteration mineral assemblages are seen at depth, closer to the source intrusion and potential porphyry deposit. More acidic and lower temperature stable assemblages generally occur higher and farther away. Mapping of alteration minerals and geochemical analysis using soil and rock samples can map these changes in mineralogy. This mapping can then provide a vector towards potential underlying porphyry systems. If large areas of lithocap alteration are well preserved, they can obscure deep unexposed porphyries and other styles of mineralisation. If no mineralisation is present at surface, drilling based on geochemical and alteration vectors aided by geophysical data is the best way to explore for buried deposits.

The wholly owned 1,547 hectare Paradise property covers a roughly 4.5 by 1.8 kilometre area of exposed intense hydrothermal alteration developed in volcanic rocks. This alteration zone which includes quartz-alunite, pyrophyllite and diaspore is typical of high-sulphidation environments forming above porphyry copper-gold systems. The alteration has been mapped by Almadex using a Terraspec infrared spectrometer. This work, using rock chip spectral data points has defined a well preserved porphyry lithocap with alunite core zones (with increasing Na-composition) haloed by pyrophyllite, dickite then hypogene kaolinite. Surrounding the acid sulphate zones are halos of sporadic paragonitic illite (grading to dominant muscovitic alteration) with chlorite in peripheral alteration halos (propylitic).

Qualified Persons and Technical DetailsMorgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed and approved the scientific and technical contents of this news release. The analyses reported were carried out at ALS Chemex Laboratories using industry standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption spectroscopy (“AAS”). Samples that return values greater than 10 g/t gold using this technique are then re analysed by fire assay but with a gravimetric finish.

The IP lines were surveyed using the Company’s highly experienced in-house team and equipment (GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array on 8 levels). Pseudo sections were prepared, and the data was inverted using RES2DINV software. The magnetics survey was conducted by a third-party contractor using a Geometrics MagArrow Cesium Magnetometer flown under a ArcSky X55 quadcopter. The MagArrow sensor takes 1000 readings per second and is flown at a maximum speed of 8m/second. The sensor is suspended on a 3m lanyard to remove it from the electromagnetic noise of the UAV. Data is down sampled after collection to 10Hz. The MagArrow readings are diurnally corrected via a geometrics G-862RBS Magnetometer, cycling at 10Hz.

Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery.

About AlmadexAlmadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex's management team. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house.

On behalf of the Board of Directors,

“Morgan J. Poliquin”

Morgan J. Poliquin, PhD, PEngPresident and CEOAlmadex Minerals Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, among other things, any further work to advance exploration targets at the Paradise project, including any drilling. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.

Contact Information:Almadex Minerals Ltd.Tel. 604.689.7644Email: info@almadexminerals.comhttp://www.almadexminerals.com/

The historic status granted to 216 mid-century homes of the Paradise Palms neighborhood five years ago -- once home to entertainers, celebrities and elite members of the business and gaming community – has been quadrupled in size to nearly a thousand homes by the Clark County Commission in a unanimous vote.

The area west of Eastern Avenue and south of Desert Inn Road is Clark County’s first master-planned community and the first Clark County neighborhood to have its street name signs topped off with separate signs denoting its identity: “Paradise Palms Historic Neighborhood.”

“In 2017, we became the first neighborhood in Clark County to adopt a Historic Neighborhood Overlay for 216 homes within the original portion of our community, and with the additional 747 homes eligible for adoption we will become the largest single-family Historic Neighborhood Overlay in Southern Nevada covering over 240 acres,” said Dave Cornoyer, a Paradise resident Palm and property owner. “We have long been a community of firsts, and we are excited to keep that tradition alive with this historic event. This adoption will help bolster our cultural and architectural tourism standing in Clark County, pay homage to the influential residents and entertainers who have made Paradise Palms their home over the years, and acknowledge the outstanding architectural significance of our community."

"Paradise Palms is excited and grateful to Clark County and the Nevada Preservation Foundation to take this final step in encompassing our entire community as part of the Historic Neighborhood Overlay,” Cornoyer said.

Resident Sandy Duffy agreed: "I’ve lived in Paradise Palms for 22 years and I’ve watched it go up and down in prestige. We have now reached the pinnacle where people know about Paradise Palms and tell me how much they like our neighborhood. So giving us historic overlay reinforces are place in the rich history of Las Vegas”

Nevada Preservation Foundation Board Member Amy Raymer said the group “was honored to work with the residents of Paradise Palms for the first and second phases of Clark County Historic Designation for this iconic midcentury neighborhood, and we applaud the County's decision to expand the historic designation to the entire community to be added to the historic overlay. Paradise Palms was Clark County's first master planned community, filled with desert modern architecture by notable Las Vegas architect Hugh Taylor and Southern California architects William M. Bray, Dan Palmer and William Krisel and, as such, deserves to be recognized and protected for future generations to understand the architectural and historic impact of this community across Clark County.”

“This is a great way to honor the historic nature of the neighborhood,” said Clark County Commissioner Tick Segerblom, whose district includes this area west of Eastern Avenue and south of Desert Inn Road. “This neighborhood is the heart of District E and a true gem for the County. It has homes that you cannot find anywhere else in the state and this designation is a way to recognize how important they are to the history of Clark County”

“Paradise Palms began in 1960 by Paradise Development spearheaded by founders Irwin Molasky and Merv Adelson,” according to Wikipedia. “Groundbreaking was held March 21, 1960, with Molasky, Adelson, Clark County Commissioner Harley Harmon and financier Nathan Adelson present. Paradise Palms helped open up the Paradise Valley to development, bringing sewer, water, power and telephone down Maryland Parkway and Desert Inn Road. Touted as an $8 million project, Paradise Palms was originally slated for 300 homes, later expanded to 1,000 residences on 720 acres.”

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Clark County is a dynamic and innovative organization dedicated to providing top-quality service with integrity, respect and accountability. With jurisdiction over the world-famous Las Vegas Strip and covering an area the size of New Jersey, Clark is the nation’s 11th-largest county and provides extensive regional services to 2.3 million citizens and 45.6 million visitors a year (2019). Included are the nation’s 7th-busiest airport, air quality compliance, social services and the state’s largest public hospital, University Medical Center. The County also provides municipal services that are traditionally provided by cities to 1.1 million residents in the unincorporated area. Those include fire protection, roads and other public works, parks and recreation, and planning and development.