Santana Gold Project Studies Completed

TORONTO - Minera Alamos Inc. has completed the environmental studies required to amend the scope of the existing Santana gold project test mining permits and submitted them for approvals to the relevant Mexican mining regulatory agency (SEMARNAT). Acceptance of the permit expansion will provide the Company with the flexibility to transform the operation from bulk mining test work to a commercial scale gold mine once a production decision is made.

"Since the closing of the transaction between Minera Alamos and Corex Gold in April the Company has aggressively advanced the Santana project's engineering work culminating in our recent submission for these permits.  We have received extremely positive community support for our plans and based on currently available information we anticipate the receipt of final approvals later this year."  stated Darren Koningen, CEO.  "Construction could begin in Q1 2019 with Santana the first of three planned operations in our development pipeline."

Bulk test mining operations at the Santana project are currently governed by a temporary environment/change of land use permit (MIA-ETJ) that was issued by SEMARNAT in 2016. The current permits cover changes made to a limited area of the project site which was consistent with the scope of the test activities.  Included as part of the recently submitted environmental expansion studies are early stage designs for commercial-scale production.  The Company has received all necessary formal sign-offs from the local community (Ejido) to proceed with the proposed changes.

For the past 18 months the Santana project has been undergoing continuous bulk heap-leach testing activities.  An initial phase utilized coarse crushing (<3") with a second phase involving fine crushing (<1/2" to 5/8") and agglomeration prior to leaching.  While the use of fine crushing appeared to improve the gold leach kinetics, ultimate gold recoveries for both phases were relatively consistent (~0.65 g/t Au extracted) over the range of crush sizes that were tested.  In total, approximately 35,000 tonnes of mineralized material has now been placed on the test leach pads and the results of the bulk test work fully support the on-going development of the project with a goal towards commercial scale operation.

Drilling has commenced at Santana following the receipt of successful community approvals associated with combining Minera Alamos' Los Verdes contiguous on strike claim into the Santana plan of development. Updates to this 20-hole, 3000 m, program will be provided in due course.

Minera Alamos is an advanced stage exploration and development company. Its growing portfolio of high-grade Mexican projects includes the La Fortuna open pit gold project in Durango and the Guadalupe de los Reyes gold/silver project in Sinaloa as well as the now combined Santana/Los Verdes gold-copper project in Sonora. The Company is well financed to conduct all of its planned exploration and development activities and continues to pursue additional project acquisitions in Latin America.