Almaden Enters Into Key Persons Retention Agreement

Core Viewpoint - Almaden Minerals Ltd. has established a Key Persons Retention Agreement (KPA) to retain key personnel essential for its international arbitration proceedings under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership with Mexico [1][2]. Group 1: Key Persons Retention Agreement (KPA) - The KPA is designed to ensure the active participation of key personnel, who are crucial for the Claim process, and they must fulfill specific duties to be entitled to a percentage of the proceeds [2]. - If the Claim is successful, 4.0% of the net proceeds will be allocated to the KPA for distribution among key personnel, specifically Korm Trieu (CFO) and Douglas McDonald (Executive Vice President) [3]. - The maximum aggregate amount payable under the KPA is set at US$12 million, which does not reflect the Company's view on the merits of the Claim [3]. Group 2: Approval and Fairness - The KPA will be presented for approval at the upcoming Annual General and Special Meeting of Shareholders on June 26, 2025, with full details included in the management information circular [4]. - A third-party financial advisory firm, Evans & Evans, Inc., has confirmed that the terms of the KPA are fair and reasonable from a financial standpoint for the Company's shareholders [5].