Mr. Chris Frostad reports

MINERA ALAMOS INC. COMPLETES SIX-FOLD INCREASE IN CONCESSION AREA SURROUNDING THE LA FORTUNA GOLD PROJECT

Minera Alamos Inc. has acquired more than 5,200 hectares in additional mineral concessions surrounding the La Fortuna gold project in Durango, Mexico. The new claims were acquired directly from the federal mining authorities in Mexico (Direccion General de Minas) with no payments to any other third parties. The company's total land package now sits at over 6,200 hectares.

"The fault structures and tourmaline breccias throughout the La Fortuna project area have been the source of significant historical mining activity. To date, only a limited portion of the La Fortuna main zone has been drilled to produce the current National Instrument 43-101-compliant resource," said Miguel Cardona, vice-president of exploration at Minera Alamos. "This opportunity to increase our landholdings so substantially provides considerable upside for resource growth as the project continues to advance. We are now reworking our planning to include the newly acquired property in our upcoming exploration program."

The mineralization at the La Fortuna project is associated with a series of parallel fault structures (approximately 1.5 kilometres to two kilometres apart) and related tourmaline breccias which can be traced at surface for many kilometres. Three of these mineralized zones were already identified within the company's previous concession area. These include the La Fortuna main zone, Ramada zone and PN prospects. The newly acquired concession area significantly expands the company's holdings in all directions around these zones while securing at least two new structures (Los Cajones and El Toro) to the south that exhibit similar characteristics.

Highlights:

• A limited strike length (350 metres to 400 metres) of the La Fortuna main zone structure was drilled to produce the current NI 43-101-compliant resource estimate. Measured and indicated mineral resources totalled 4,824,000 tonnes at 1.99 grams per tonne gold, containing 308,100 gold ounces (as previously disclosed in the company's press release dated Jan. 18, 2016). Mineralization remains open both at depth and along strike. Fortuna main zone-style mineralization is evident at surface approximately 400 metres to 500 metres south of the current resource and can be traced along strike for at least another 200 metres.
• The Los Cajones zone located to the south of the La Fortuna main zone in the newly acquired concession area was the subject of historical geochemical sampling by the CRM (Servicio Geologico Mexicano), which outlined a large area of anomalous gold approximately 1,500 metres in length and 200 metres to 500 metres in width. Gold assays included sample values as high as 10.1 grams per tonne. In the early 1990s, the San Fernando Mining Company confirmed the presence of similar gold values in the same area.
• The Ramada zone lies on a parallel fault structure approximately two kilometres northeast of the La Fortuna deposit with a strike length that can be traced at surface for over 600 metres and grades of up to 15 grams per tonne to 40 grams per tonne gold in places from sampling both at surface and inside of the historic mine workings.
• The PN shear zone is located approximately 1.5 kilometres northeast of Ramada and can be followed at surface for approximately 1.5 kilometres with numerous occurrences of old mine workings. Sampling from this area has confirmed widespread mineralization with gold grades ranging from one gram per tonne to 10 grams per tonne along with silver contents from 50 grams per tonne to 400 grams per tonne.

Darren Koningen, PEng, Minera Alamos's president, is the qualified person responsible for technical content of this release under National Instrument 43-101. Mr. Koningen has supervised the preparation of and approved the scientific and technical disclosures utilized in this news release.

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