Mr. Darren Blasutti reports

MINERA ALAMOS CLOSES C$3,500,000 PRIVATE PLACEMENT; DARREN BLASUTTI SUBSCRIBES FOR C$1,000,000

Minera Alamos Inc. has closed its previously announced private placement offering of $3.5-million, by the issuance of 8.75 million units at a price of 40 cents per unit. Each unit comprises one common share and one purchase warrant, with each warrant entitling the holder to acquire one additional common share of the company at a price of 70.5 cents for a period of 36 months.

Darren Blasutti, who recently joined the company as executive vice-president, corporate development, purchased 2.5 million units for subscription proceeds of $1-million, which resulted in related party considerations pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Minera Alamos relied on the exemptions contained in Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(a) of MI 61-101 for an exemption from the minority approval requirement as the fair market value of the securities distributed under the offering, insofar as it involved interested parties, did not exceed 25 per cent of the company's market capitalization.

There were no finders' fees paid in connection with the closing of this placement, and all securities issued are subject to a hold period of four months and one day.

The company further announces that, subject to receipt of approval of the TSX Venture Exchange, it will settle a previously agreed to contractual obligation in the amount of $2-million with an arm's-length third party by the issuance of 4,651,163 shares at a price of 43 cents per share. This is related to insurance and bonding associated with the recently acquired Pan operating complex.

About Minera Alamos Inc.

Minera Alamos is a North American gold production and development company. As of Oct. 1, 2025, the company owns the Pan operating complex, comprising the Pan heap-leach gold mine and the adjacent fully permitted Gold Rock project as well as the nearby past-producing Illipah project. The company also owns the Copperstone mine and associated infrastructure in La Paz country, Arizona, an advanced development asset with a permitted mine plan of operations (MPO) 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 company's proposed mining project is currently being guided through the permitting process by the company and its 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, which 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.

We seek Safe Harbor.