Mr. Chris Frostad reports

MINERA ALAMOS INC. CLOSES FINAL TRANCHE OF BROKERED PRIVATE PLACEMENT RAISING A TOTAL OF $349,359.80

Minera Alamos Inc. has closed the third and final tranche of a brokered private placement financing with IBK Capital Corp. The aggregate gross proceeds raised are $349,359.80.

"With the completion of this financing we have raised in excess of $3.5-million since June," said Chris Frostad, director and chief executive officer, Minera Alamos. "It continues to be our objective to advance the Los Verdes project into production later next year."

In this third tranche the company issued 950,000 units at a price of 10 cents per unit for gross proceeds of $95,000. 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 Corp. $7,600 in cash fees and issued 76,000 non-transferable compensation options. Each compensation option entitles its holder to purchase one unit in the capital of the company at an exercise price of 10 cents per compensation option for a period of 48 months after the closing date.

As certain directors and officers of the company are participating in the third tranche, this third tranche 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 third tranche, insofar as it involved interested parties, does not exceed 25 per cent of the market capitalization of the company at the time the third tranche was agreed to. No new insiders have been created, nor has there been any change of control as a result of the third tranche. The company did not file a material change report 21 days prior to the closing of the third tranche 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 Nov. 24, 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 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.