Mr. Chris Frostad reports

MINERA ALAMOS INC.: 2015 LOS VERDES WORK PLAN

Minera Alamos Inc. has outlined its near-term objectives for the development of its Los Verdes copper-molybdenum project in Sonora, Mexico. As previously reported (press release dated April 22, 2015) the company is in the process of moving toward a production decision, targeting project construction to commence in 2016. Minera Alamos intends to issue an updated preliminary economic assessment (PEA) prior to the end of the year.

"The introduction of new technologies and resizing of the operation requires us to revisit most aspects of the plan," said Chris Frostad, chief executive officer, Minera Alamos Inc. "Key work requirements and responsibilities have been defined and work is now well under way."

Los Verdes -- primary work packages

Rock sorting

Testing is now under way to evaluate the effect of rock sorting on the economics of the project. The starter pit identified within the existing National Instrument 43-101-compliant resource model for Los Verdes contains average grades approaching 2.0 per cent copper equivalent (CuEq). By eliminated low-grade rock after crushing, there is further potential to improve that grade by 50 to 100 per cent prior to processing, resulting in significant reductions in capital and operating costs. Completion of this testwork is currently scheduled for late September, 2015.

Drilling

The company intends to initiate definition drilling on the Los Verdes north deposit (formerly Potreritos) in order to update the historic resource to NI 43-101-compliant standards. This will allow for consideration of its inclusion in the PEA thereby extending the current mine life. With permits already in hand, drilling activities are set to begin immediately and be complete by late October, 2015.

Permitting

The company's existing EIS permit (issued in 2009) covered the environmental impact of the construction of the Los Verdes processing plant and related infrastructure. Minera Alamos, working with a local consultant, is currently preparing a schedule of required updates to that permit as well as all additional permits that will be necessary leading up to a production decision.

Mine plan

The company will soon begin a detailed plan for the mining of the starter pit. That work should begin early in September and be complete for inclusion in the PEA.

Plant redesign and equipment sourcing

The company intends to complete the updated engineering plans for a reduced-scale processing operation. These specifications will be used to source appropriate equipment suppliers and initiate a review of available used equipment for the project prior to the completion of the upcoming PEA.

Community relations

The town of Santa Ana, which is located close to the Los Verdes deposit, has a population of approximately 300 residents who hold the surface rights over much of the Minera Alamos mineral concessions. The company has maintained a positive and continuing relationship with the leadership of the community and its residents who have been supportive of a return to mining in the region. The company is currently working to finalize the terms of a surface rights agreement with the town.