Mr. Darren Koningen reports

MINERA ALAMOS APPOINTS DARREN BLASUTTI EXECUTIVE VICE PRESIDENT, CORPORATE DEVELOPMENT

Minera Alamos Inc. has appointed Darren Blasutti as executive vice-president, corporate development.

Mr. Blasutti is a mining executive and professional chartered accountant with more than 25 years of mining finance and senior executive experience, focusing on identifying, acquiring and advancing mining projects and operations in the resource sector. His extensive experience includes senior vice-president, corporate and business development, with Barrick Gold Corp. over an 11-year period, where Mr. Blasutti led and executed the acquisitions of Homestake Mining and Placer Dome, the asset consolidations of the Cortez, Hemlo and Porgera mines, and the sale of 50 per cent of South Deep mine. Mr. Blasutti has been a senior executive and board member of several mining companies, playing an instrumental role in a variety of transactions, including hostile acquisitions, project consolidations, material equity and debt financings, international bilateral tax agreements, reverse take overs, and the management of recently merged entities. Mr. Blasutti was previously the president and CEO of Americas Gold and Silver Inc., and a member of the board of directors and chair of the audit committee at Noront Resources Ltd. He is currently chairman of the board of directors at Barksdale Resources Corp.

"Mr. Blasutti is joining Minera Alamos at a pivotal time as the company navigates from being a development company to gold producer, given the recent acquisition of the Pan gold mine in Nevada," said Darren Koningen, chief executive officer of Minera Alamos. "His experience with transforming asset portfolios, financing resource projects and related capital markets business acumen, in addition to hands-on corporate operations, will be a key driver in Minera Alamos's next phase of growth."

The company is also announcing that Doug Ramshaw has resigned as a member of the company's board and as the president of Minera Alamos. Mr. Ramshaw has served as a member of the executive team at Minera Alamos for 7.5 years and has been instrumental in the company's growth and development including meeting its capital markets milestones while making a significant contribution to the company's recent strategic transformation. The board would like to express its utmost gratitude to Mr. Ramshaw for his many years of service to the company and wishes him the very best in his future endeavours.

The company further announces a $3.5-million private placement unit offering to key personnel including Mr. Blasutti, who is subscribing for $1-million of this amount. Each unit is priced at 40 cents per and entitles the holder to acquire one additional common share of the company at a price of 70.5 cents for a period of 36 months. The proceeds from the private placement will be used for general working capital purposes. The private placement will have a minimum hold period expiring four months and one day after issuance.

The company also announces that it has entered into an agreement with an arm's-length party (the creditor) to settle an aggregate amount of $3,617,500 (U.S.), by the issuance of 12,617,718 common shares of the company to the creditor at a price of 40 cents per share. Of the total debt, $800,000 (U.S.) arises from an advisory services agreement dated Jan. 1, 2025, and $2,817,500 (U.S.) is to settle outstanding obligations to the same party for 1,860 ounces of gold under a call option agreement dated Oct. 27, 2023. The shares issuable in connection with this debt settlement will be subject to receipt of approval of the TSX Venture Exchange and will have a minimum hold period expiring four months and one day after issuance.

Lastly, the company has granted an aggregate amount of 7,025,824 restricted share units (RSUs) to officers and directors of the company, in accordance with the company's omnibus incentive plan, all of which shall vest one year after the date of grant and are settleable in cash or common shares of Minera Alamos, at the option of the holder, once vested.

About Minera Alamos Inc.

Minera Alamos is a gold production and development company. The company owns and operates the Pan heap leach gold mine in Nevada and owns two development projects near the Pan mine. The company also owns the Copperstone mine and associated infrastructure in La Paz county, 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 maintains a portfolio of high-quality Mexican assets, including the 100-per-cent-owned Santana open-pit, heap-leach mine in Sonora. 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 PEA (preliminary economic assessment) 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. The company's strategy is to develop very low capex assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions.

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