Mr. Darren Koningen reports

MINERA ALAMOS ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BROKERED PRIVATE PLACEMENT FINANCING

Minera Alamos Inc., as a result of positive institutional and retail demand for its previously announced best-efforts brokered private placement offering, has amended the terms to increase the size of the offering to $4.5-million.

Under the terms of the upsized offering, the company has entered into an amended agreement with Haywood Securities Inc., as lead agent on behalf of a syndicate of agents, pursuant to which the agents have agreed to sell, on a best-efforts private placement basis, up to 30 million common shares of the company at a price of 15 cents per common share for gross proceeds to the company of $4.5-million. Minera Alamos has granted the agents an option, exercisable in whole or in part by the agents at any time up to 48 hours prior to the closing of the upsized offering, to sell up to an additional 20 per cent of the upsized offering in common shares at the issue price.

The proceeds from the upsized offering will be used for the development of La Fortuna and for working capital and general corporate purposes.

The upsized offering is expected to close on or about June 29, 2017, and is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. Common shares issued in the upsized offering will be subject to a four-month hold in accordance with Canadian securities laws.

About Minera Alamos Inc.

Minera Alamos is a junior exploration and development company. Its growing portfolio of high-grade Mexican projects includes the La Fortuna open-pit gold project in Durango and the Los Verdes open-pit copper-molybdenum project in Sonora.

We seek Safe Harbor.