Almaden Announces Completion of Rock Creek Mill Sale and Repayment of Gold Loan with Almadex

Core Viewpoint - Almaden Minerals Ltd. has successfully completed the sale of the Rock Creek Mill assets to Metals Exploration PLC, generating gross proceeds of US$9,700,000 [1] Group 1: Transaction Details - The sale of the Rock Creek Mill resulted in Almaden receiving a Purchase Price of US$9,700,000, with 15% of this amount allocated as a commission to an equipment sales broker [1] - Following the completion of the transaction, Almaden plans to repay an outstanding gold loan to Almadex Minerals Ltd. [2] Group 2: Gold Loan Repayment - The repayment of the gold loan will involve returning an undrawn balance of 397 ounces of gold and delivering gold bullion of 99.99% purity, corresponding to an outstanding loan balance of USD$5,194,354 [2] - The amount of gold bullion for the repayment will be determined based on the prevailing London Bullion Market Association AM gold price at the time of settlement [2]