Mr. Darren Blasutti reports

MINERA ALAMOS COMPLETES SHARE CONSOLIDATION

Pursuant to Minera Alamos Inc.'s news release dated Dec. 30, 2025, the company's common shares have been consolidated at a ratio of 10 preconsolidation shares to one postconsolidation share. The common shares will begin trading on a postconsolidation basis on the TSX Venture Exchange at market open today, Jan. 5, 2026.

The company now has 108,043,726 common shares issued and outstanding, and all outstanding warrants and incentive stock options have been adjusted to increase their exercise price by a factor of 10 and to reduce the number of common shares issued upon exercise by dividing by 10.

About Minera Alamos Inc.

Minera Alamos is a growing North American gold production and development company. 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 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 become a leading, Americas-focused intermediate gold producer by growing production at its Pan operating complex and developing its pipeline of high-quality, low-capital projects while expanding gold resources across its portfolio.

We seek Safe Harbor.