Ms. Lisa Arbuckle, shareholder, reports

LISA ARBUCKLE REPORTS SHAREHOLDINGS OF MINERA ALAMOS INC.

Lisa Arbuckle has acquired control over convertible secured debentures in a principal total amount of $300,000 issued by Minera Alamos Inc. in replacement of existing matured convertible debentures of $300,000, as announced by the company on Sept. 23, 2014, and Aug. 20, 2014. Ms. Arbuckle has ownership and control over 305,858 common shares of the company, representing approximately 4.74 per cent of the issued and outstanding shares of the company.

The debenture matures on Aug. 1, 2017, bears interest at a rate of 8 per cent per year, and the principal amount thereof is convertible into units of the company at a conversion price equal of 20 cents per unit at any time up to the maturity date. Each unit comprises one share of the company and one-half share purchase warrant. Each warrant is exercisable into one share at a price of 25 cents per share until the maturity of the debenture.

Assuming full conversion of the debenture, Ms. Arbuckle would acquire ownership and control over 1,805,858 shares of the company (including the 305,858 shares referenced above) and warrants exercisable into an additional 750,000 shares of the company. These combined holdings would represent approximately 19.4 per cent of the outstanding shares of the company on a fully diluted basis. Pursuant to the terms of the debenture and until the maturity date, Ms. Arbuckle may not convert into units the value of the debenture that would result in her holding more than 19.9 per cent of the voting rights attached to the shares without the written consent of the company. In addition, Ms. Arbuckle's holdings for purposes of such calculation are deemed to include the shares held by her husband, Darren Koningen, who is a director of the company.

The shares were acquired by Ms. Arbuckle for investment purposes only and not with a view to materially affect control of the company. Ms. Arbuckle may, from time to time, acquire additional securities of the company, dispose of some or all of the existing or additional securities she holds or will hold, or may continue to hold her current position.

A copy of the early warning report filed by Ms. Arbuckle may be obtained via SEDAR.