Mr. Chris Frostad reports

MINERA ALAMOS INC. EXTENDS CLOSING DATE FOR ONGOING PRIVATE PLACEMENT

Minera Alamos Inc. has received approval from the TSX Venture Exchange to extend the closing date of its previously announced brokered private placement to May 18, 2016. The private placement is ongoing and the company expects to close the private placement in a number of tranches on or prior to May 18, 2016, with the first tranche closing expected to take place later today.

"This financing will be used to finalize the acquisition and complete the development of the La Fortuna gold project in Durango, Mexico" said Chris Frostad, chief executive officer at Minera Alamos. "Today's first tranche will allow us to close the acquisition and position us to complete the remaining financing in the coming weeks."

As previously announced on Feb. 16, 2016, the company has engaged IBK Capital Corp. to conduct a brokered private placement of up to 30 million units at 10 cents per unit for gross proceeds of up to $3-million. Each unit consists of one common share in the capital of the company and one-half of 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 three years from the date of issuance. Upon closing of the offering, IBK Capital will receive a cash commission equal to 8 per cent of the gross proceeds of the offering. IBK Capital will also receive an option to acquire such number of units of the company as is equal to 8 per cent of the units sold under the offering at an exercise price of 10 cents per unit for a period of three years from the closing date.

In accordance with applicable securities legislation, all securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of issuance. The proceeds of the offering will be used by the company to fund a portion of the purchase price for its proposed acquisition of the La Fortuna project, the development of its Los Verdes project and the La Fortuna project upon completion of its acquisition, and for working capital purposes.

We seek Safe Harbor.