Almadex Minerals Ltd. provided this update on its generative exploration activities and corporate matters. Exploration Update: Further to its news release of July 11, 2023 describing the identification of new targets, Almadex has acquired by staking eight target areas in Nevada and two in New Mexico. These areas are considered prospective for gold and/or base metal mineralisation.

Preliminary field work and sampling have recently been carried out on most of these areas. Once results have been received and compiled further updates on the potential of these new areas will be released. These ten target areas do not include the New Hope copper porphyry project in Arizona which Almadex has elevated to project status.

New Hope Porphyry Copper Project, Arizona: Geologic field work has commenced on the Company?s 100% owned New Hope porphyry copper exploration project in Arizona, USA. The 958.7 hectare New Hope project covers a roughly 3.5 by 1.5 kilometre area of intense hydrothermal alteration developed in volcanic rocks and crosscutting intrusive dykes. The observed hydrothermal alteration is characteristic of the upper levels of a porphyry system.

The work underway includes geochemical sampling and mapping of the geology and alteration to follow-up work carried out earlier in 2023 which identified remnants of an advanced argillic altered lithocap. The lithocap alteration includes zones with Na-alunite, pyrophyllite and dickite along with a phyllic alteration signature including high crystallinity muscovite at surface, which have been mapped with a Terraspec mineral spectrometer. Fluid inclusion petrography carried out on a vein sample from the New Hope alteration zone identified the presence of vapour rich fluid inclusions with banded distribution in the veinlet.

Such veins are commonly found above porphyry systems. This finding helps confirm the target of a buried porphyry at New Hope. The work underway has been designed to help direct a potential exploratory deep drilling program.