Almaden Minerals receives noncompliance notification from NYSE

Almaden Minerals announced that it has received a notification letter from NYSE stating that Almaden is not in compliance with the continued listing standards because the company’s securities have been selling for a low price per share for a substantial period of time which NYSE American determines to be a 30-trading-day average price of less than 20c per share. Pursuant to Section 1003(f)(v) of the NYSE American Company Guide, the NYSE American staff determined that the Company’s continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement within a reasonable period of time which the staff determined to be no later than October 19.