Mr. Darren Blasutti reports

MINERA ALAMOS CLOSES US$75 MILLION REVOLVING CREDIT FACILITY WITH SCOTIABANK AND NATIONAL BANK, STRENGTHENING BALANCE SHEET FOR ORGANIC GROWTH PROFILE

Minera Alamos Inc. has closed the $75-million (U.S.) revolving credit facility with Bank of Nova Scotia and National Bank of Canada previously disclosed in its news release dated March 31, 2026. An initial drawdown of $45-million (U.S.) on the RCF will be made to principally repay the company's existing debt and commitments with Auramet International Inc., including the gold prepayment facility of 7,830 ounces of gold and the remaining 3,000 ounces of gold forward sales priced at approximately $2,100 (U.S.) per ounce.

Darren Blasutti, chief executive officer, commented: "We are very proud to have closed the $75-million (U.S.) RCF with Scotiabank and National Bank, enabling us to make an initial drawdown to refinance our existing higher cost capital commitments. The RCF's impact to our business cannot be overstated as it achieves three key outcomes: (1) immediately increases gold revenue by allowing full pricing exposure to 10,830 ounces of gold over the next 16 months that would have otherwise been delivered to Auramet; (2) allows the additional cash liquidity generated from these gold ounces along with the undrawn portion of the RCF to be used to build and unlock exploration value from the Copperstone underground project, the Gold Rock heap leach project and potentially the Cerro de Oro heap leach project faster and without equity dilution over that same time period; and (3) extends our debt maturity repayment until May, 2029, which aligns with the higher expected gold production from our growth portfolio. With our balance sheet now optimized for growth, we are well positioned to build and explore our low-capital-intensity portfolio of gold projects."

The proceeds from the initial drawdown on the RCF will also be used for spending on the company's growth projects and for working capital and general corporate purposes. The RCF initially will be subject to a $50-million (U.S.) drawdown limit pending satisfaction of certain postclosing conditions.

In addition, the company has completed the previously announced royalty repurchase transaction on its Cerro de Oro project, as disclosed in its news release dated May 19, 2026. Additional details regarding the transaction are provided in that news release.

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, composed of the producing Pan mine and the adjacent permitted Gold Rock project, as well as the nearby past-producing Illipah project. The company also owns the Copperstone project in La Paz county, Arizona, a permitted, advanced underground gold project. The company maintains a portfolio of high-quality Mexican assets, including the Cerro de Oro project, an open-pit heap leach gold development project in northern Zacatecas.

The company's strategy is to become a leading, United States-focused intermediate gold producer by increasing production at its Pan operating complex and developing its pipeline of high-quality, low-capital projects while expanding gold resources across its portfolio.

The company announced a proposed name change to Mining Americas Inc., subject to the approval of its shareholders at the company's annual general meeting on June 25, 2026, and the TSX Venture Exchange. Refer to the company's news release dated May 11, 2026, for more details.

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