Mr. Chris Frostad reports

MINERA ALAMOS INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Minera Alamos Inc. has closed a non-brokered private placement for gross proceeds of $400,000.

In connection with the closing of the private placement, the company has issued four million common share units at a price of 10 cents per unit with each unit consisting of one common share in the capital of the company and one-half of a 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 36 months from the date of issuance. The closing is subject to final acceptance by the TSX Venture Exchange of the private placement.

Borys Chabursky and Bruce Durham, directors of the company, participated in the private placement as investors and each subscribed for 100,000 units for $10,000. Norvista Capital Corp., an insider of the company by virtue of beneficially owning more than 10 per cent of the issued and outstanding common shares of the company, together with its affiliate, Norvista Capital I LP, subscribed, in aggregate, for 750,000 units for an aggregate purchase price of $75,000 under this private placement. By virtue of such participation by the insiders, the private placement constitutes a related-party transaction under applicable securities laws. Neither independent valuation nor minority shareholder approval was required to complete the related-party transaction because the company relied on exemptions from both requirements under applicable securities laws.

In connection with the closing of the private placement, the company paid IBK Capital Corp., Canaccord Genuity Corp. and Haywood Securities Inc. finders' commissions consisting of $32,000 in cash and issued 320,000 non-transferable compensation warrants. Each compensation warrant entitles its holder to purchase one unit of the company at an exercise price of 10 cents per unit for a period of 36 months after the date of issuance.

All securities issued in connection with the final tranche closing of the private placement are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of Oct. 4, 2016.

The proceeds of the private placement will be used by the company to finance a portion of the development of its Mexican projects and for working capital purposes.

We seek Safe Harbor.