Mr. Chris Frostad reports

MINERA ALAMOS INC. CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Minera Alamos Inc. has closed the second tranche of its previously announced private placement for aggregate proceeds of $500,000.

As previously announced on April 19, concurrent with the closing of the first tranche of the continuing private placement, the company has received additional subscriptions of, in aggregate, five million common share units for $500,000, which has been held in escrow pending satisfaction of certain escrow release conditions. Following the completion of the company's acquisition of the La Fortuna gold project located in Durango, Mexico, from Argonaut Gold Inc., the company has satisfied the conditions for releasing the escrow funds from escrow and issued five million common share units at a price of 10 cents per unit, with each unit consisting of one common share in the capital of the company and one-half of a common share purchase warrant. Each whole warrant entitles its holder to purchase one common share in the capital of the company at an exercise price of 15 cents per share for a period of 36 months from the date of issuance. The closing is subject to final acceptance by the TSX Venture Exchange of the private placement.

Norvista Capital Corp., an insider of the company by virtue of beneficially owning more than 10 per cent of the issued and outstanding common shares of the company, together with its affiliate, Norvista Capital I Limited Partnership, subscribed, in aggregate, five million units for an aggregate purchase price of $500,000 under this private placement. By virtue of such participation by the insider, the private placement constitutes a related party transaction under applicable securities laws. Neither independent valuation nor minority shareholder approval was required to complete the related party transaction, because the company relied on exemptions from both requirements under applicable securities laws.

In connection with the second tranche closing of the private placement, the company paid IBK Capital Corp., the agent of the company in connection with the private placement, an agent's fee consisting of $40,000 in cash and issued 400,000 non-transferable agent's compensation warrants. Each compensation warrant entitles its holder to purchase one unit of the company at an exercise price of 10 cents per unit for a period of 36 months after the date of issuance.

All securities issued in connection with the first tranche closing of the private placement are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of Sept. 5, 2016.

The proceeds of the private placement will be used by the company to finance the development of its Mexican projects and for working capital purposes.

We seek Safe Harbor.