Mr. Chris Frostad reports

MINERA ALAMOS INC. CLOSES FINAL TRANCHE OF $3,200,000 BROKERED PRIVATE PLACEMENT

Minera Alamos Inc. has completed its brokered private placement financing for aggregate gross proceeds of $3.2-million with IBK Capital Corp. The financing was previously announced on April 28, 2015, and increased on June 4, 2015.

"The market responded surprisingly well to the new approach we are taking at our Los Verdes copper project," said Chris Frostad, chief executive officer, Minera Alamos. "By identifying innovative ways to dramatically improve our cost structure and shorten our time to production, we were able to attract investors in support of building a platform for production in the Americas. We now have the funds to incorporate these improvements into our next preliminary economic assessment due later this year."

The company issued 26,413,200 units at a price of 10 cents per unit in this final tranche for gross proceeds of $2,641,320. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of 10 cents per share for a period of four years from the closing of the offering.

In connection with the closing of the private placement, the company paid IBK Capital $155,159 in cash fees and issued 1,551,587 non-transferable compensation options. Each compensation option entitles its holder to purchase one common share in the capital of the company at an exercise price of 10 cents per share for a period of 48 months after the closing date.

As certain directors and officers of the company participated in the private placement, this private placement constitutes a related-party transaction under Multilateral Instrument 61-101 and TSX Venture Exchange Policy 5.9. The company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101, based on a determination that the securities of the company are listed on the TSX Venture Exchange only and that the fair market value of the private placement, insofar as it involved interested parties, does not exceed 25 per cent of the market capitalization of the company at the time the private placement was agreed to. No new control persons have been created, nor has there been any change of control as a result of the private placement. The company did not file a material change report 21 days prior to the closing of the private placement, which the company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the offering in an expeditious manner.

This offering was carried on a private placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

All securities issued in connection with this tranche are subject to a four-month-and-one-day hold period expiring on Oct. 9, 2015, pursuant to applicable securities legislation and the rules of the TSX Venture Exchange.

The proceeds of the private placement will be used by the company for debt reduction; to evaluate an initial production decision on the corporation's Los Verdes copper and molybdenum project in Sonora, Mexico; and for general working capital purposes.