Mr. Doug Ramshaw reports

MINERA ALAMOS CLOSES C$8,499,900 BOUGHT DEAL PRIVATE PLACEMENT OF COMMON SHARES

Minera Alamos Inc. has closed its previously announced bought deal private placement, with National Bank Financial Inc. as lead underwriter and bookrunner on behalf of a syndicate of underwriters, pursuant to which the underwriters purchased 28,333,000 common shares of the company at a price of 30 cents per common share, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (LIFE), for aggregate gross proceeds to the company of $8,499,900.

The offering was made pursuant to the LIFE available under National Instrument 45-106 -- Prospectus Exemptions, in each of the provinces of Canada, other than Quebec. The common shares were also offered and sold in certain offshore jurisdictions pursuant to available prospectus or registration exemptions, in accordance with applicable laws. The common shares issued to substituted purchasers under the LIFE are not subject to a statutory hold period, pursuant to applicable Canadian securities laws.

In consideration for their services, the underwriters received a cash commission equal to 6 per cent of the gross proceeds of the offering.

The company intends to use the net proceeds of the offering to finance the expansion and development of its Santana open-pit, heap-leach mine in Sonora, to finance the exploration and development activities at its Cerro de Oro project in northern Zacatecas, and for working capital and general corporate purposes.

There is an offering document relating to the offering that can be accessed under the company's SEDAR+ profile and at the Minera Alamos website.

About Minera Alamos Inc.

Minera Alamos is a gold production and development company. The company has a portfolio of high-quality Mexican assets, including the 100-per-cent-owned Santana open-pit, heap-leach mine in Sonora that is currently going through the start-up of operations at the new Nicho Main deposit. The 100-per-cent-owned Cerro de Oro oxide gold project in northern Zacatecas has considerable past drilling and metallurgical work completed, and the proposed mining project is currently being guided through the permitting process by the company's permitting consultants. The La Fortuna open-pit gold project in Durango (100 per cent owned) has a positive, robust preliminary economic assessment (PEA) completed, and the main federal permits are in place. Minera Alamos is built around its operating team that together brought three open-pit, heap-leach gold mines into successful production in Mexico over the past 14 years.

The company's strategy is to develop very-low-capex (capital expenditure) assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions.

The company does not have a feasibility study of mineral reserves demonstrating economic and technical viability for the Santana project, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially minable deposit. Historically, such projects have a much-higher risk of economic and technical failure.

We seek Safe Harbor.