Almadex Expands Claim Block at New Hope, Provides Exploration Update

VANCOUVER, British Columbia, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it has expanded its claim block by staking at its wholly owned New Hope copper-gold porphyry exploration project in Arizona, USA. The new expanded New Hope claim block covers a broad area of high chargeability to the east of where the Company’s two-hole exploratory drill campaign was carried out (see Almadex news releases of April 1 and June 30th 2026). The Company is currently planning how a potential phase II drilling program might be conducted. The Company also reports that drilling operations have finished with one hole completed to 980 metres depth at the Company’s King copper-gold porphyry lithocap target in Colorado, USA. Samples have been submitted for assay and further information will be provided when all results have been received and compiled. A review of the New Hope project exploration results previously reported are provided below.