Mr. Darren Koningen reports

MINERA ALAMOS REPORTS FIRST QUARTER 2026 GOLD PRODUCTION OF 8,734 OUNCES; CASH BALANCE INCREASED TO $46 MILLION

Minera Alamos Inc. has released preliminary operational results for the three months ended March 31, 2026, from the company's 100-per-cent-owned Pan gold mine in White Pine county, Nevada. All amounts are stated in United States dollars, unless otherwise stated.

Minera Alamos chief executive officer Darren Koningen commented: "First quarter gold production of 8,734 ounces represents yet another consistent quarter of output from the Pan mine in Nevada, where we have now cumulatively produced 18,000 ounces since acquiring the mine on Oct. 1, 2025. We ended the first quarter with $46-million in cash, and when combined with ongoing cash flow from the Pan mine and added liquidity from the recently executed term sheet for a $75-million revolving credit facility from Scotiabank and National Bank, we expect to have ample funds to advance our growth portfolio of low capital intensity projects."

The Pan mine produced 8,734 ounces of gold and sold 9,134 ounces in Q1 2026. Production guidance for the full-year 2026 remains unchanged at between 32,000 and 38,000 ounces of gold.

The company's unrestricted cash balance (unaudited) increased to $46-million as of March 31, 2026, compared with $34-million on Dec. 31, 2025.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Darren Koningen, PEng, Minera Alamos's chief executive officer, who is the company's qualified person under National Instrument 43-101.

About Minera Alamos Inc.

Minera Alamos is a growing North American gold production and development company with projects in Nevada, Arizona and Mexico. The company owns the Pan operating complex in White Pine county, Nevada, comprised of the producing Pan heap leach gold mine and the adjacent 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 county, Arizona, a permitted, advanced development gold project. The company maintains a portfolio of high-quality Mexican assets, including the Cerro de Oro open pit gold project in northern Zacatecas, which has considerable past drilling and metallurgical work completed, and is currently being guided through the permitting process by the company and its permitting consultants. Other Mexican projects owned by the company include the Santana open-pit, heap-leach gold mine in Sonora and the preliminary-economic-assessment-stage, permitted La Fortuna open pit gold project in Durango. 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.

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