Mr. Doug Ramshaw reports

MINERA ALAMOS ANNOUNCES CORPORATE UPDATE - DEBT SHARES AND OMNIBUS INCENTIVE PLAN

Minera Alamos Inc. has received approval from the TSX Venture Exchange for the implementation of its omnibus incentive plan, as ratified and approved by shareholders at the company's annual and special meeting of shareholders held Feb. 28, 2025.

The purpose of the omnibus plan is to provide the company with a share-related mechanism to attract, retain and motivate qualified directors, officers, employees, management and others who provide service to the company (eligible participants), and to align the goals of such eligible participants with the interests of shareholders and the long-term goals of the company.

The omnibus incentive plan is a 10-per-cent rolling plan of issued and outstanding common shares, pursuant to which the board of directors may grant stock options, restricted share units and deferred share units to acquire common shares from time to time. There are no restricted share units or deferred share units outstanding, however, as of today's date there are 27,746,775 incentive stock options outstanding representing 4.8 per cent of the issued and outstanding common shares of the company.

For more information, the omnibus incentive plan in its entirety, is attached as Schedule A to the company's management information circular dated Jan. 20, 2025, available on SEDAR+ under the corporation's issuer profile, and on the corporation's website.

The company further announces that it has issued 3,118,800 common shares at a deemed price of 28 cents per share, and 269,564 common shares at a deemed price of 34.5 cents, for a total of 3,388,364 common shares to settle outstanding amounts ($951,000) owed to arm's-length creditors formerly engaged by Sabre Gold Mines Corp. (see news releases Feb. 6, 2025, and March 12, 2025). All securities issued are subject to hold periods prescribed by applicable securities regulators, including a four-month hold period imposed by the TSX Venture Exchange.

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 last 14 years. Minera Alamos also wholly owns the Copperstone mine and associated infrastructure in La Paz country, Arizona, an advanced development asset with a permitted plan of operations that can be developed in parallel with planned project advancements in Mexico.

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

We seek Safe Harbor.