Minera Alamos Inc (MAI)

Minera Alamos Announces Granting of Stock OptionsMay 29, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 29, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") announces that on May 28, 2026 the Company granted a total of 800,000 incentive stock options ("Options") to officers and directors in accordance with the Company's Omnibus Incentive Plan. Each Option is exercisable to acquire one common share of the Company at a price of C$6.93 per share. The Options will expire three years from the date of grant and will vest and become exercisable over the next two years.About Minera AlamosMinera 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 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, U.S.-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.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.For Further Information Please Contact: Darren Blasutti, CEO
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Corporate Development & Capital Markets
+1-647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. The Company's financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company's activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of the Company's forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299351 Original: Minera Alamos Announces Granting of Stock Options

Minera Alamos Announces Positive Pre-Feasibility Study for the Copperstone Gold Project in ArizonaMay 27, 2026 5:00 PM
NewsfileBoard of Directors Approves Fast-Track ConstructionToronto, Ontario--(Newsfile Corp. - May 27, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce the results of a pre-feasibility study (the "PFS") on its 100%-owned, past-producing Copperstone project ("Copperstone" or the "Project") located in La Paz County, Arizona, USA. A technical report for the Copperstone PFS is being prepared in accordance with National Instrument 43-101 ("NI 43-101") and will be filed under the Company's profile on SEDAR+ and on the Company's website within 45 days of this news release.All dollar amounts in this news release are expressed in U.S. dollars, unless otherwise noted. Metric tonnes are referred to as "t", imperial short tons as "st", grams as "g", gold as "Au", troy ounces as "oz", thousands of troy ounces as "koz", and millions as "M".Copperstone Pre-Feasibility HighlightsStrong project economics:At base case gold price of $3,500/oz, after-tax net present value 5% ("NPV5%") of $374 M, internal rate of return ("IRR") of 108%, payback period of 1.2 years, and net cashflow of $512 M.At spot gold price of $4,500/oz, after-tax NPV5% of $537 M, IRR of 154%, payback period of 0.8 years, and net cashflow of $725 M.Resilient, low-cost mine plan: PFS life-of-mine ("LOM") plan shows an initial 6.3-year mine life producing a total of 291 koz gold with average annual production of 46 koz at total cash costs1 of $1,070/oz gold and all-in sustaining costs1 ("AISC") of $1,314/oz gold. Initial production anticipated in mid-2027, more than doubling the Company's projected annual gold production: Based on the PFS results and current estimates, project construction is expected to take approximately one year, with initial gold production anticipated by mid-2027. Given Copperstone's average annual production of 46 koz gold per year, the project has the potential to more than double the Company's consolidated annual gold production, as compared with the 2026 guidance for 32 koz – 38 koz from the Pan mine in Nevada.Low capital intensity: Total initial capital cost ("capex") of $58 M and sustaining capex of $77 M over the LOM. Based on initial capex, the Project has a NPV-to-capex ratio of 6.4x using base case gold price of $3,500/oz, and NPV-to-capex ratio of 9.2x using spot gold price of $4,500/oz. The initial capex of $58 M to be comfortably financed by the Company's existing cash balance (Q1 2026, $46 M), excess capacity under the recently closed $75 M revolving credit facility, and ongoing cash flow from the Pan mine in Nevada. Increased Resources and maiden Reserves: Increased Measured & Indicated ("M&I") Resources to 4,054 kt grading 4.83 grams per tonne gold ("g/t") and containing 630 koz gold, representing a 110% increase in contained gold ounces compared to the previous mineral resource estimate. Maiden Proven & Probable Reserves are 1,934 kt grading 4.87 g/t and containing 303 koz gold.Fully permitted for construction: Copperstone is a previously mined property with active mining and environmental permits.Significant exploration potential to increase mine life: Approximately half of the Measured & Indicated Resources were not converted to Reserves. Further drilling, mine development, and mine optimization could increase the likelihood of future conversion to Reserves. Additionally, the down-plunge extension potential of the underground mineralization will be further evaluated from underground drill stations after production starts, where much of the known mineralized zones are open at depth.Additional Open Pit Potential: The Copperstone project has an extensive history of both open pit and underground mining. For the purposes of the updated Copperstone PFS, only underground accessible Resources were considered. A portion of these Resources exist in near-surface areas in proximity to the historic open pit excavations ("Open Pit Potential"), and the Company believes there is potential for gold mineralization to be extracted via open pit mining methods. 1 Total cash costs and AISC are non-IFRS measures. For more details refer to the "Non-IFRS Measures" section of this release.Darren Koningen, President & COO, commented, "The Copperstone PFS results show a high-return, low capital underground gold mining project with first gold production anticipated in mid-2027 and which will more than double our Company's annual gold production once ramped up. Our Board has made a formal investment decision for construction of the Copperstone project, with full-scale engineering, procurement and construction activities commencing in June, and mobilizing the underground mining contractor in the near-term. The increase in initial capital cost versus the 2025 PEA allows for an expanded process plant capable of increasing throughput from 600 tons per day to 1,000 tons per day. In addition, a planned 3-month ore stockpile ahead of mill startup helps to de-bottleneck the commissioning and ramp-up of the project."The PFS represents an excellent starting point for the project while the Company continues to evaluate opportunities for resource expansion underground and potentially including a new open pit."Figure 1 – Copperstone project site overviewTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/299120_2dc5bec7e433daaf_003full.jpgPre-Feasibility Study SummaryTable 1 - Copperstone PFS HighlightsPROJECT HIGHLIGHTS
Total ore mined (k tonnes) 1,934 Average grade (g/t Au) 4.87 Gold ounces mined (koz) 303 Mine life (years) 6.3 Mill throughput year 1 (t/day) 544 Mill throughput years 2-8 (t/day) 907 Gold recovery (%)96%LOM gold ounces produced (koz) 291 LOM average annual production (koz) 46.3 Peak annual production (koz) 53.9 OPERATING AND CAPITAL COSTS
Mining cost ($/tonne ore mined)$98.39Processing cost ($/tonne processed)$23.79G&A cost ($/tonne processed)$8.06Transport & Refining cost ($/tonne processed)$2.01Total site operating cost ($/tonne processed)$132.24Total cash costs ($/oz sold)$1,070AISC ($/oz sold)$1,314Pre-production capital ($ million)$52.4Contingency capital ($ million)$5.9Total initial capital ($ million)$58.3Sustaining capital ($ million)$76.9PROJECT ECONOMICS
Base case $3,500/oz gold price
LOM average annual cashflow ($ million)$91Total cumulative cashflow ($ million)$512After-tax NPV5% ($ million)$374After-tax IRR (%)108%Payback period (years) 1.2  Table 2 – Copperstone PFS After-Tax Gold Price Sensitivity Gold Price
($/oz)After-tax NPV5%
($M)IRR
(%)Payback period
(years)Net Cashflow
(undiscounted $M)$2,500$21464%1.8$302$2,750$25575%1.6$355$3,000$29486%1.4$407$3,250$33497%1.3$460$3,500$374108%1.2$512$3,750$414119%1.1$564$4,000$455131%1.0$618$4,250$496142%0.9$671$4,500$537154%0.8$725$4,750$577165%0.8$779$5,000$618177%0.7$832 Property Location, Access, and InfrastructureThe Copperstone property is located 125 miles west of Phoenix, Arizona and is accessed via Interstate I-10 to the town of Quartzsite, Arizona. The site access road is located about 9 miles north of Quartzsite along US Highway 95. The access road is a well-maintained gravel road, the Cyprus Mine Road, that travels west for 5.5 miles to the project site.The Project is situated on the flat, sandy desert terrain of the La Posa Plain, at the northeastern end of the Dome Rock Mountains, and is surrounded by a natural desert scrub environment. Major supply centres and ample skilled and unskilled labour are available locally, in Phoenix and in Yuma. Access to the Sante Fe rail line is available nearby, and international air service and railway access are both available in Phoenix.The project benefits from the presence of significant existing operations infrastructure including power distribution, buildings, roads, tailings storage facility, water rights, and part of the process facility.Updated Mineral Resource EstimateThe Copperstone mineral resource estimate ("MRE") is presented in Table 3 below. The MRE is reported at an underground mining cut-off of 0.064 oz/ton gold (2.2 g/t Au). Resources were estimated using an inverse-distance-squared methodology within an overall indicator-kriged model boundary to approximately delineate the boundary between mineralized and unmineralized material. After the block grade estimations were complete, Deswik Stope Optimizer was used as a guide to generate mineralized zones based on $3,000/oz gold price and minimum mining widths and economic parameters consistent with the type of mineral system present at Copperstone. This Resource is considered by the author to have reasonable prospects for eventual economic extraction.Table 3 – Copperstone Mineral Resource estimate, effective December 1, 2025ClassificationTonnes
(kt)Au Grade
(g/t)Contained Gold
(koz Au)Measured2,198 5.08 359Indicated1,856 4.54 271Total Measured & Indicated4,054 4.83 630Inferred401 4.0452 Notes to Mineral Resource estimate:The effective date of the Mineral Resource Estimate is December 1, 2025The Mineral Resource Estimate has been classified in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) incorporated by reference into NI 43-101, and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019).The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing or other relevant issues.The mineral resource is reported at an underground mining cut-off of 0.064 oz/ton (2.2 g/t Au) within estimated blocks which meet the criteria of a minable shape (minimum mining width of 9ft). The cut-off is based on the following assumptions: a gold price of $3,000/oz; assumed mining cost of $102.87/ton ($113.16/tonne), process costs of $42.64/ton ($46.90/tonne), general and administrative and property/severance tax costs of $16.39/ton ($18.03/tonne), refining and shipping costs of $12.00/oz, a metallurgical recovery for gold of 95%, and a 4.5% gross royalty.Resources are reported using at a minimum overall gold cut-off grade of 0.064 oz/ton Au (2.2 g/t Au). Internal dilution is incorporated into the MSO shape volumes as part of the estimated quantities and grades.Previously mined areas were modelled based on all available records and were excluded from reporting of this mineral resource.Mineral Resources are reported inclusive of Mineral Reserves. Mineral Reserves are estimated from Measured and Indicated Mineral Resources. Inferred Mineral Resources are not included in the Mineral Reserves.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability and may be materially affected by modifying factors including but not restricted to mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors. There has been insufficient exploration to define the Inferred Resources tabulated above as an Indicated or Measured Mineral Resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no certainty that any part of the Mineral Resources estimated will be converted into Mineral Reserves.Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding.Scott Zelligan, P. Geo. is responsible for reviewing and approving the Copperstone mine underground Mineral Resource Estimate. Mr. Zelligan is a Qualified Person ("QP") as set out in NI 43-101Mineral Reserve EstimateThe mineral reserves for the Copperstone underground gold project are estimated in accordance with the CIM Definition Standards. Measured mineral Resources are converted to Proven Reserves, while Indicated mineral Resources are converted to Probable Reserves. Inferred Resources are excluded from the reserve calculation and are treated as waste.Table 4 – Copperstone Mineral Reserve estimate, effective December 1, 2025ClassificationTonnes
(kt)Au Grade
(g/t)Contained Gold
(koz Au)Proven1,0525.06 172Probable882 4.61 131Total Proven & Probable1,934 4.87 303 Notes to Mineral Reserve estimate:The effective date for the Mineral Reserve is December 1, 2025 The Mineral Reserve Estimate has been classified in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) incorporated by reference into NI 43-101. Costs were based on the operating costs ranges as outlined in Table 1.Mineral Reserves were estimated using a gold price of $3,000/oz, metallurgical recovery of 95%, and a cut-off grade of 0.0642 oz/ton Au (2.2 g/t Au). Mining recovery of 95% and external dilution of 10% at zero grade applied. Inferred mineral resources are not mineral reserves and do not have demonstrated economic viability. Inferred resources are excluded from this reserve estimate and treated as waste. Numbers are rounded to the nearest ton or ounce; rounding may cause minor discrepancies in totals. Reserves are contained within the measured and indicated mineral resources. No additional material has been added. Peter Szkilnyk, P.Eng., is responsible for reviewing and approving the Copperstone mine underground Mineral Reserve Estimate. Mr. Szkilnyk is a Qualified Person ("QP") as set out in the NI 43-101.Mine Design and Production ProfileThe proposed mining method for the Copperstone Project is an overhand mechanized cut-and-fill approach utilizing cemented rock fill. This method was selected for its flexibility in efficiently extracting ore from zones with low vein dip angles. It also helps minimize dilution through precise geological control and disciplined mining practices. Underground mining methods were evaluated with the objectives of minimizing dilution, capital and operating costs, and maximizing resource recovery while sustaining the planned mill throughput. The Copperstone mineralization is relatively shallow, with an average dip of approximately 38 degrees. Although certain zones exceed a 45-degree dip and can be mined using gravity-assisted methods, most of the deposit is too flat to be efficiently mined using long hole stoping.Figure 2 – Copperstone PFS LOM Plan Tonnes and GradeTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/299120_minera-figure2.jpgFigure 3 – Copperstone PFS LOM Plan ProductionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/299120_minera-figure3.jpgFigure 4 – Copperstone Underground Mine Design (looking southwest)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/299120_2dc5bec7e433daaf_006full.jpgProcess Plant DesignThe proposed flowsheet will incorporate crushing, grinding, flotation, and cyanide leaching circuits to produce a gold concentrate and gold-loaded carbon products. The saleable gold concentrate will be shipped to a port on the west coast for shipping to a refinery, while the loaded carbon will be transported to the Company's Pan mine processing facility for further processing (refining). The "hybrid" process was selected to provide maximum flexibility to maintain overall high gold recoveries regardless of fluctuations in the mineralization recovered from the mine.The process plant is designed wherever possible to maximize the use of existing plant infrastructure and equipment, including the primary and secondary crushers, screens, ore bin conveyors, laboratory, and electrical distribution systems. The plant has been designed with an anticipated availability of 92% and projected overall gold recovery of approximately 96%. Initial effective processing capacity is expected to be 544 tpd (600 stpd) during the first year of operations, increasing to 907 tpd (1,000 stpd) from the second year onward.Tailings Storage FacilityPart of the existing infrastructure at the Copperstone project is a previously constructed and permitted tailings storage facility ("TSF"). Based on current production rate assumptions used in the PFS, the existing TSF is estimated to provide approximately 1.5 years of tailings storage capacity. The Company has planned a TSF expansion to accommodate production beginning late in year 1 of operations, with an additional lift planned later in the mine life. These planned expansions are already considered in the TSF permits for the project.Operating Cost EstimatesThe operating costs include the ongoing cost of operations related to mining, processing, tailings disposal, and general administration activities. The operating costs were determined based on the Company's in-house database of projects and studies, budgetary mining contractor quotes and data/estimates provided by GR Engineering Services Inc. ("GRES"). LOM average costs are summarized in the table below. Table 5 – Operating Cost SummaryOperating Costs $/oz Au$/tonne oreTotal Mining$654$98.39Total Processing$158$23.79Total Site G&A$53$8.06Transportation and Refining$13$2.01Cash Operating Costs$878$132.24Royalties$158$23.71Production Taxes$34$5.19Total Cash Costs$1,070$161.15Corporate G&A$10$1.55Reclamation cost - prorated$17$2.59Exploration costs - sustaining$28$4.16Capital costs - sustaining$189$28.43AISC$1,314$197.88 Capital Cost EstimatesThe basis of the PFS capital cost estimate included capacity sufficient for an expansion in processing throughput up to 1,000 stpd after the initial production startup.Cost estimates are based on the Company's in-house database of operations, projects, and prior studies, as well as budgetary quotations from mining contractor and mine equipment suppliers. GRES prepared the capital estimates for the re-build of the process plant. Apart from the primary grinding mill, process plant estimates are based on new equipment pricing. However, the Company intends to utilize a combination of new and refurbished equipment to optimize capital costs while minimizing the risk of cost overruns.Pre-production capital includes mine refurbishment and underground development activities, including the establishment of a planned three-month ore stockpile to support smooth commissioning and ramp-up of the new milling complex. Two planned phases of expansions of the tailings facility have been accounted for in the sustaining capital period.A summary of the initial and sustaining capital costs over the LOM are shown below. Table 6 – Capital Cost SummaryCapital Costs ($millions)InitialSustainingTotal LOMUnderground Mine - Infrastructure$9.2$50.1$59.3Underground Mine - Development$21.1$10.8$32.0Tailings Management Facility$0.0$4.9$4.9Mineral Processing Plant$16.9$0.0$16.9On-Site Infrastructure$1.0$0.0$1.0Total Direct Costs$48.3$65.8$114.1Owner Costs and Reclamation$0.0$5.0$5.0Project Indirect Costs$4.1$0.0$4.2Contingency$5.9$6.1$12.0Total Indirect Costs$10.1$11.1$21.2Grand Total$58.4$76.9$135.3 Construction Decision and Next StepsAs a result of the Copperstone PFS results showing a robust, high-return underground gold project, the Company's Board of Directors has made a positive formal construction decision. The construction period is expected to last approximately one year, with initial production anticipated by mid-2027.Pre-construction activities commenced earlier this year, with select major process plant components having been delivered to the project site in recent weeks. Mobilization of an underground mining contractor is expected to occur in the coming 2-3 months. Benefitting from over 4 km of existing underground development, the overall goals for underground work this year will be to rehabilitate areas where required, access new stoping areas, and establish all underground infrastructure required for mining operations.RecommendationsThe Copperstone project has an extensive history of both open pit and underground mining. For the purposes of the Copperstone PFS, only underground accessible Resources were considered. A portion of these Resources exist in near-surface areas in proximity to the historic open pit excavations ("Open Pit Potential"). The Company believes there is potential for gold mineralization to be extracted via open pit mining methods which would allow for the consideration of reduced cut-off grades. This opportunity will be more fully evaluated over the course of 2026 and 2027.Additional mine development optimization is ongoing to look at opportunities to delay some of the mine preproduction activities for completion after the start of production. In addition, studies continue to evaluate potential updates to mine stope sequencing and different cut-off grades to maximize gold production throughout the mine plan.Follow-up underground in-fill drilling is planned to commence once operations are underway to support mine planning and sequencing and will also target future Resource expansions.Non-IFRS Measures. This news release refers to certain financial measures, such as cash costs and all-in-sustaining costs, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those used by other companies and, accordingly, may not be comparable to such measures as reported by other companies. These measures have been derived from the Company's financial statements because the Company believes that they are of assistance in understanding the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A, available on SEDAR+.Total cash costs. The Company uses total cash costs per gold ounce sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying total cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Total cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-GAAP financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS measures. Total cash costs include production costs, refinery and transportation costs, royalties and production taxes. Total cash costs exclude non-cash depreciation and depletion and site share-based compensation. Production costs include mining, crushing, processing, and direct overhead at the operation sites.AISC. AISC more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that in respect of AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations. AISC per ounce includes mining, processing, direct overhead, reclamation and sustaining capital.Qualified Persons and NI 43-101 Technical ReportThe scientific and technical information contained in this news release has been reviewed and approved by Darren Koningen, P.Eng., President and COO of the Company, who is a "Qualified Person" ("QP") as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Koningen is not considered independent within the meaning of NI 43-101.The Copperstone PFS referenced in this news release was prepared by the Company with contributions from, and review by, Independent Qualified Persons as defined by NI 43-101. The PFS will be supported by a NI 43-101 technical report, which the Company expects to file under its profile on SEDAR+ and on the Company's website within 45 days of the date of this news release.The following independent Qualified Persons were responsible for preparing or supervising the preparation of the scientific and technical information contained in the Copperstone Project technical report and have reviewed and approved the corresponding disclosure contained in this news release:Peter Szkilnyk, P.Eng., Rockpoint Advisory Scott Zelligan, P.Geo., Zelligan Consulting Inc.Garth Wilcox, P.Eng. Lawrence Segerstrom, M.Sc., CPG, Segerstrom Consulting LLCAlex Duggan, P.Eng. GR Engineering Services Inc.The Qualified Persons have verified the data disclosed herein in accordance with industry-standard practices and have determined that the data, assumptions, and methodologies used are appropriate for the purposes of the technical report and this news release. A description of the data verification procedures and quality assurance/quality control measures will be included in the applicable sections of the NI 43-101 technical report.Cautionary Note to U.S. Investors Regarding Mineral Resources and Mineral ReservesMineral Resources that are not Mineral Reserves do not have demonstrated economic viability, and U.S. investors are cautioned that terms such as "Measured," "Indicated" and "Inferred Mineral Resource" are recognized and required by Canadian regulations but may not be comparable to similar terms used in U.S. reporting standards.About Minera AlamosMinera 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 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, U.S.-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.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 to be held on June 25, 2026 and the TSX Venture Exchange. Refer to the Company's news release dated May 11, 2026 for more details.For Further Information, Please Contact: Darren Blasutti, CEO
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Corporate Development & Capital Markets
647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. In this news release, forward-looking statements relate to, among other things, statements regarding: the Project and the estimation of its mineral resources and reserves, the development, operational and economic results of the PFS , including cash flows, revenue potential, development, expenditures, and timing thereof, extraction rates, LOM projections and cost estimates, timing of completion of a technical report summarizing the results of the PFS, estimates of metallurgical recovery rates, and anticipated advancement of the Project. This information is based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. The Company's financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company's activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of the Company's forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299120 Original: Minera Alamos Announces Positive Pre-Feasibility Study for the Copperstone Gold Project in Arizona

Minera Alamos Reports First Quarter 2026 Results, Setting Quarterly Records for Revenue of US$39.2 Million, Earnings of US$10.9 Million, and EBITDA of US$15.3 MillionMay 25, 2026 4:30 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 25, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce unaudited financial and operating results for the three months ended March 31, 2026 ("first quarter" or "Q1 2026"). As of January 1, 2026, the Company changed its reporting currency from Canadian dollars to United States dollars. Therefore, results are presented in U.S. dollars unless otherwise stated. For details of the consolidated Financial Statements and Management's Discussion and Analysis, please see the Company's filings at www.mineraalamos.com or on SEDAR+ at www.sedarplus.ca.First Quarter 2026 HighlightsRecord revenue of $39.2 million, record earnings from mine operations of $19.5 million, record net earnings of $10.9 million ($0.10 per share), and record EBITDA1 of $15.3 million.Ended Q1 2026 with cash and cash equivalents of $45.5 million and working capital of $88.9 million.Gold production of 8,734 ounces, record gold sales of 9,134 ounces at record average realized price of $4,287 per ounce.Total cash costs1 of $1,659/oz gold sold and all-in sustaining costs1 ("AISC") of $1,818/oz gold sold at the Pan mine – both below the lower end of respective annual cost guidance ranges of $1,750–1,900/oz and $1,850–2,000/oz, for 2026.1 Refer to the "Non-IFRS Measures" in this release and associated MD&A for a description of these measures.Minera Alamos CEO, Darren Blasutti, commented, "We are pleased with our first quarter 2026 results marking a strong start to the year by setting new records for revenue, earnings, and EBITDA. In addition, the Pan mine total cash costs and AISC came in below the lower end of our annual cost guidance ranges, showing continued, disciplined cost controls at the operation. We are proud of the work done by our Pan mine operating team delivering an excellent operating result while ramping up with a new mining contractor early in the quarter and despite higher diesel prices later in quarter."Looking forward this week, we plan to close the revolving credit facility with Scotiabank and National Bank, eliminate our forward and pre-pay gold ounces, and release the results of a pre-feasibility study on the Copperstone project."Recent HighlightsOn January 5, 2026, the Company completed a share consolidation at a ratio of ten pre-consolidation shares to one post-consolidation share (the "Consolidation").On January 28, 2026, the Company announced a C$56 million secondary market purchase of approximately 9% of the Company's issued common shares by a group of strategic investors from a subsidiary of Equinox Gold Corp., including C$3 million from the Company's CEO, Darren Blasutti. The shares were originally issued to Equinox Gold Corp. as partial consideration for Pan Acquisition.On February 4, 2026, the Company announced 2026 production and cost guidance for the Pan mine, including gold production of 32,000–38,000 ounces, total cash costs of $1,750–1,900 per ounce, and AISC of $1,850–2,000 per ounce. In addition, the Company announced it had substantially integrated the Pan mine into its corporate and operating structures approximately three months ahead of the original schedule.On March 5, 2026, the Company announced updated Mineral Resource and Mineral Reserve estimates for the Pan mine with a technical report having an effective date of September 1, 2025. Highlights from the technical report include Proven and Probable Reserves of 222 thousand ounces gold (21.6 million tonnes grading 0.32 g/t) based on a conservative gold price of US$2,600 per ounce and an additional 33,000 ounces of recoverable gold leach pad inventory.2On March 25, 2026, the Company executed a term sheet for a $75 million, three-year revolving credit facility ("RCF") with The Bank of Nova Scotia ("Scotiabank") and National Bank of Canada ("National Bank"). The Company anticipates closing the RCF by the end of May 2026.On May 11, 2026, the Company announced a series of Board and Management changes to support the Company's strategy of becoming a leading, U.S.-focused intermediate gold producer. The Company also announced that, subject to shareholder and TSX Venture Exchange ("TSXV") approval, the Company will change its name to "Mining Americas Inc.".On May 19, 2026, the Company announced that it had agreed to repurchase a portion of the net smelter return royalty equal to 0.75% on the Cerro de Oro project from Auramet Capital Partners, L.P. ("Auramet") for a purchase price of $4.5 million, satisfied through the issuance of 895,572 common shares of the Company at a price of C$6.91 per share. After the repurchase, the remaining net smelter return royalty is 0.25%. On May 22, 2026, the repurchase was completed with the issuance of the shares.2 The full report, "NI 43-101 Technical Report on Resources and Reserves Pan Gold Mine, White Pine County, Nevada", dated March 5, 2026 and effective September 1, 2025, is available for download from the Company's SEDAR+ profile at www.sedarplus.ca.2026 Outlook
The Company's strategy is to become a leading, U.S. 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. For 2026, the Company has the following goals pursuant to its strategy:Achieving 2026 guidance at the Pan mine – gold production of 32,000–38,000 ounces, total cash costs of $1,750–1,900 per ounce, and AISC of $1,850–2,000 per ounceReleasing the results of the Copperstone pre-feasibility study ("PFS") in May 2026, expected to be followed by a construction decision and mine development through the remainder of 2026Closing the $75 million RCF with Scotiabank and National Bank and debt refinancing in May 2026 to strengthen and simplify the balance sheetGraduation from TSX Venture Exchange to Toronto Stock Exchange in Q2 20263Starting the Company's inaugural drilling program at the Copperstone project primarily testing near-surface, open pit accessible gold mineralization in Q2 2026Releasing a maiden open pit mineral resource estimate at the Copperstone project in Q3 2026Releasing an updated technical report on the Gold Rock project in Q4 20263 The Company has applied to have its securities listed on Toronto Stock Exchange. Listing is subject to the approval of the Exchange in accordance with its original listing requirements. Toronto Stock Exchange has not conditionally approved the issuer's listing application and there is no assurance that the Exchange will approve the listing application.Q1 2026 Financial HighlightsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/298770_715526ead48d3b55_003full.jpgGold production during the first quarter of 2026 was 8,734 ounces from the Pan mine.Gold revenues in Q1 2026 of $39.2 million were realized from the sale of 9,134 gold ounces from the Pan mine with an average realized gold price of $4,287 per ounce sold. The average realized gold price in Q1 2026 was impacted by settling 1,500 ounces of the Company's outstanding call options with Auramet at a price of $2,113 per ounce. Total cash costs and AISC were $1,659 per ounce and $1,818 per ounce, respectively from the operations at the Pan mine in Q1 2026.Cash flow provided by operating activities after changes in working capital in the first quarter was $2.6 million, cash used in investing activities was $5.3 million, and net cash provided from financing activities during Q1 2026 was $4.3 million.The Company recorded earnings from mine operations in Q1 2026 of $19.5 million and net earnings of $10.9 million. Cash and cash equivalents was $45.5 million as at March 31, 2026, as compared to $44.0 million as at December 31, 2025. The increase in the cash balance reflects the earnings from mining operations and the net value from the exercise of warrants and options of $4.3 million in the current quarter partly offset by a final payment of $10.0 million to Equinox Gold Corp. to complete the working capital payment for the Pan Acquisition. Consolidated HighlightsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/298770_715526ead48d3b55_004full.jpg1 Non-IFRS measure, for further information refer to the Non-IFRS Measures section in this release.Pan Mine Operating SummaryTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/298770_panminetable1.jpgTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/298770_panminetable2.jpgMining Operations at the Pan mine during Q1 2026 averaged over 43 thousand tonnes per day, with total material moved of 4.0 million tonnes. Material mined included 1.2 million ore tonnes at a grade of 0.274 g/t and containing 10,432 ounces of gold, with 1.2 million tonnes placed on the heap leach pad.The Company transitioned to a new mining contractor at the start of the year. The contractor was able to quickly recover mining rates to pre-transition levels, matching the Company's plan during the quarter. The new mine plan adopted in early Q1 2026 required additional pushbacks near the limits of mineralized zones, resulting in a modest decrease in mined grade as compared with the prior quarter. The combination of these factors is expected to slightly lower gold production in Q2 2026, with a recovery to normal levels for the remainder of the year. Gold production for 2026 is tracking well to meet the Company's annual guidance of 32,000–38,000 ounces.Non-IFRS Measures
This news release refers to certain financial measures, such as all-in-sustaining costs, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and, accordingly, may not be comparable to such measures as reported by other companies. These measures have been derived from the Company's financial statements because the Company believes that they are of assistance in understanding the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A for Q4 2025, available on SEDAR+.Total cash costs. The Company uses total cash costs per gold ounce sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying total cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Total cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-GAAP financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS measures. Total cash costs include production costs, refinery and transportation costs, royalties and production taxes. Total cash costs exclude non-cash depreciation and depletion and site share-based compensation. Production costs include mining, crushing, processing, and direct overhead at the operation sites.AISC. AISC more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that in respect of AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations. AISC per ounce includes mining, processing, direct overhead, reclamation and sustaining capital.EBITDA. EBITDA is defined as earnings from continuing operations before net financial expenses (income), income taxes, depreciation, depletion and amortization. As such, this financial measure allows comparability of operating results from one period to another by excluding the effects of items that are usually associated with investing and financing activities.Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Mr. Darren Koningen, P.Eng., the Company's President & COO, who is the Qualified Person under National Instrument 43-101.About Minera AlamosMinera 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 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, U.S.-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.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.For Further Information Please Contact: Darren Blasutti, CEO
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Corporate Development & Capital Markets
647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. In this news release, forward-looking statements relate to, among other things, statements regarding: achieving its 2026 production and cost guidance at its Pan mine, releasing the results of the Copperstone project PFS, followed by a construction decision and mine development throughout 2026, graduation from TSX Venture Exchange to Toronto Stock Exchange, starting the Company's inaugural open pit drilling program at the Copperstone project, releasing a maiden open pit resource at the Copperstone project, and releasing an updated technical report on the Gold Rock project. This information is based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. The Company's financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the Company's activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of the Company's forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298770 Original: Minera Alamos Reports First Quarter 2026 Results, Setting Quarterly Records for Revenue of US$39.2 Million, Earnings of US$10.9 Million, and EBITDA of US$15.3 Million

Minera Alamos Strengthens Board and Management Team and Proposes Name Change to Mining Americas Inc.May 11, 2026 4:30 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 11, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce a series of Board and management changes designed to support the Company's strategy of becoming a leading, U.S.-focused intermediate gold producer, together with a proposed change of the Company's name to "Mining Americas Inc.", subject to the approval of its shareholders at the Company's Annual General Meeting ("AGM") on June 25, 2026 and the TSX Venture Exchange ("TSXV").The Company has emerged as a cash-flow-generating junior gold producer anchored by consistent performance from the Pan mine in Nevada. In addition, the Company now has a robust portfolio of permitted gold development projects in the U.S. - namely the Copperstone underground project in Arizona and the Gold Rock open pit heap leach project in Nevada, and also the Cerro de Oro open pit heap leach project in northern Zacatecas State, Mexico, where the Company is awaiting final permits. Today's updates and additions are both reflective of the transformative accomplishments over the past year and enhancements to better equip the Company through its peer group-leading growth phase in the coming years. Concurrent with executing on this growth strategy, the Company is continuing to augment its corporate profile which includes advancing towards an uplisting application to the Toronto Stock Exchange1.Mining Americas Inc.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/296994_81cee331046598a8_003full.jpgBoard and Management Team UpdatesThe Board of Directors plans to appoint seasoned mining executive Darren M. Pylot as Chairman, as a nominee Director at the Company's AGM. Jason Kosec plans to step down as Chairman due to his responsibilities as President, CEO and Director of Hemlo Mining Corp., although he will remain on the Board. Mr. Pylot is a Canadian mining entrepreneur and executive. Over a career spanning more than three decades, he has played a significant role in building and financing mining companies. He was the founder and long-time leader of Capstone Copper Corp. (formerly Capstone Mining), where he served as President, CEO, and later Executive Chair. He led Capstone's transformation from a small exploration company to a multi-asset, multi billion-dollar copper producer with operations in North and South America, including through the merger with Sherwood Copper in 2008, acquisition of Far West Mining in 2011, acquisition of the Pinto Valley mine in 2013, and the merger with Mantos Copper in 2022.Darren Koningen, P.Eng., the Company's current President and CEO, will transition to the role of President & COO and remain a Director. Mr. Koningen led the Company through its transformation into an attractive, robust portfolio of cash flowing and growth projects. His new role will leverage his well-known technical, engineering, and operating expertise to continue to lead the development of the Company's high-quality, low-capital intensity growth projects. Mr. Koningen, together with Mr. Kosec, were instrumental in orchestrating last year's transformational acquisitions of the producing Pan Operating Complex in Nevada and the Copperstone gold development project in Arizona. Darren Blasutti, CA, CPA, who was appointed Executive Vice President, Corporate Development in October 2025, is transitioning to the CEO role. Mr. Blasutti has been instrumental in enhancing the company's corporate profile through its transition to a cash flow generating, growing gold producer, and has made significant purchases of the Company's shares - demonstrating his alignment with the Company's investors.Alfred Colas, CA, CPA, is being appointed to the role of CFO effective June 1, 2026. The Company's current CFO Janet O'Donnell will transition to the role of VP Finance, where she will continue to lead the Company's financial reporting, cash management and controls. Mr. Colas is a trilingual finance business executive with over 30 years of leadership experience with public companies including M&A, integrations, financings and management in mining, lumber, renewable energy and private-equity investment organizations, both nationally and in Latin America. Most recently, Mr. Colas was CFO of gold producer Jaguar Mining Inc., and prior to that, he was CFO of silver producer Excellon Resources Inc. Mr. Colas holds his Chartered Accountant and Chartered Professional Accountant designations. Federico Alvarez, the Company's current COO, is transitioning to the role of President, Mexican Operations, where he will continue to lead permitting, development, and operating efforts for the Company's property portfolio in Mexico while also contributing his extensive mining expertise to the Company's other operations.David Stewart, Vice President, Capital Markets & Strategy is transitioning to the role of Vice President, Corporate Development & Capital Markets, in which he will continue to lead strategic growth initiatives, capital markets, and investor relations.Chairman, Jason Kosec, commented, "Over the course of the past year, the Company has been completely revamped into a compelling, high-growth gold producer. While I will be stepping down as Chairman to focus on my responsibilities at Hemlo Mining Corp., the Company is in very capable hands, especially with today's proposed leadership changes, including Darren Pylot planning to join as Chairman. Mr. Pylot's experience in growing Capstone Copper Corp. from a junior exploration company to a successful multi-asset, multi billion-dollar mining company will be invaluable. I am excited to remain a Director and will continue to help oversee this next phase of growth."Darren M. Pylot, commented, "I'm excited to be joining Minera Alamos at such a pivotal time in its history. The combination of a cash flowing gold production base with multiple permitted development projects and a strong balance sheet to build them without equity dilution, attracted me to make a large investment in the Company and dedicate my time as its new Chairman once I become a Director. My almost 20 years of experience in building Capstone into a high-quality mid-tier copper producer will help me guide the Board and management team during this exciting high growth phase of the Company's development." Darren Koningen, President & COO, commented, "The rebranding of Minera Alamos to Mining Americas Inc. is reflective of our transformation over the past year. With the two cornerstone acquisitions last year of the Copperstone project in Arizona and the producing Pan Operating Complex in Nevada, we've moved our center of gravity to the U.S., where our production, cash flow, and near-term growth now reside."These management changes will allow me to work more closely with Kevin Small, EVP Operations and Federico Alvarez, President, Mexican Operations to focus on the planning and execution of our exciting growth strategy while Darren Blasutti, Alfred Colas and Janet O'Donnell will focus on expanding our head office capabilities while strengthening our shareholder communication and corporate governance."Proposed Name Change to Mining Americas Inc.The Company plans to seek shareholder approval to change its name to "Mining Americas Inc." at its AGM. The Company expects its shares will continue to trade under the existing ticker symbols on the TSXV and OTC Markets ("OTCQX"). The name change is also subject to TSXV approval.Corporate UpdateThe Company continues to pursue its corporate and operational mandate to enhance shareholder value through execution of its industry-leading, organically funded growth profile. The Company anticipates mailing its AGM materials on May 14, 2026 and expects to provide further updates in the coming weeks regarding the closing of its US$75 million revolving credit facility with Scotiabank and National Bank, the results of a pre-feasibility study on its permitted Copperstone project in Arizona, and its uplisting application from the TSXV to the Toronto Stock Exchange1.About Minera AlamosMinera 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 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, U.S.-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.For Further Information, Please Contact: Darren Blasutti, CEO
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Corporate Development & Capital Markets
+1-647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature, involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking information that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.1 The Company has applied to have its securities listed on Toronto Stock Exchange. Listing is subject to the approval of the Exchange in accordance with its original listing requirements. Toronto Stock Exchange has not conditionally approved the issuer's listing application and there is no assurance that the Exchange will approve the listing application.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296994 Original: Minera Alamos Strengthens Board and Management Team and Proposes Name Change to Mining Americas Inc.

Minera Alamos Reports Fourth Quarter and Full Year 2025 Results; Record Quarterly Revenue of C$43.6 Million and Record Earnings from Mine Operations of C$20.1 MillionApril 30, 2026 7:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 30, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce audited financial and operating results for the three months and year ended December 31, 2025 ("fourth quarter" or "Q4 2025"). Results are presented in Canadian dollars unless otherwise stated. For details of the consolidated Financial Statements and Management's Discussion and Analysis, please see the Company's filings at www.mineraalamos.com or on SEDAR+ at www.sedarplus.ca.Fourth Quarter 2025 HighlightsRecord quarterly earnings from mine operations of $20.1 million and record quarterly adjusted earnings1 of $11.6 million ($0.11 per share).Cash flow from operating activities after changes in working capital in the quarter was $41.3 million ($0.39 per share), cash used in investing activities of $4.9 million, and net cash provided from financing activities of $22.0 million.Ended Q4 2025 with cash and cash equivalents of $60.3 million ($46.5 million unrestricted) and working capital of $112.0 million.Record quarterly gold production of 9,165 ounces, gold sales of 8,068 ounces at average realized price of US$3,871/oz, and revenue of $43.6 million.Q4 2025 total cash costs1 of US$1,658/oz gold sold and all-in sustaining costs1 ("AISC") of US$1,716/oz gold sold at the Pan mine. See "Non-IFRS Measures" below for explanation of total cash costs and AISC.1 Refer to the "Non-IFRS Measures" in this release and associated MD&A for a description of these measures.Minera Alamos CEO, Darren Koningen, commented, "With quarterly records across the board for gold production, revenue, earnings from mine operations and adjusted earnings, the fourth quarter solidifies our transformation into a growing, U.S. focused gold producer. We anticipate continued strong momentum in our financial results with current gold prices higher than those realized in the fourth quarter, and significantly improved liquidity from the recently announced US$75 million revolving credit facility, allowing us to organically fund our upcoming growth projects including the Copperstone Project in Arizona.In May 2026, we look forward to closing the revolving credit facility, releasing the results of a pre-feasibility study on the Copperstone project, and announcing a proposed name change and rebranding reflective of our newly transformed Company."Recent HighlightsOn October 1, 2025, Company completed the acquisition of the Pan Operating Complex from Equinox Gold Corp. (the "Pan Acquisition"), including the producing Pan mine, the Gold Rock project and the Illipah project located in White Pine County, Nevada, USA. First gold production from the Pan mine under the Company's ownership occurred on October 7, 2025.The Company continued to strengthen its management team in Q4 2025 with the appointment of Darren Blasutti as Executive Vice President Corporate Development in October 2025 and David Stewart as Vice President, Capital Markets & Strategy in November 2025. On January 5, 2026, the Company completed a share consolidation at a ratio of ten pre-consolidation shares to one post-consolidation share (the "Consolidation").On January 28, 2026, the Company announced a C$56 million secondary market purchase of approximately 9% of the Company's issued common shares by a group of strategic investors from a subsidiary of Equinox Gold Corp., including C$3 million from the Company's Executive Vice President Corporate Development, Darren Blasutti. The shares were originally issued to Equinox Gold Corp. as partial consideration for Pan Acquisition.On February 4, 2026, the Company announced 2026 production and cost guidance for the Pan mine, including gold production of 32,000-38,000 ounces, total cash costs of US$1,750-1,900 per ounce, and AISC of US$1,850-2,000 per ounce. In addition, the Company announced it had substantially integrated the Pan mine into its corporate and operating structures approximately three months ahead of the original schedule.On March 5, 2026, the Company announced updated Mineral Resource and Mineral Reserve estimates for the Pan mine with a technical report having an effective date of September 1, 2025. Highlights from the technical report include Proven and Probable Reserves of 222 thousand ounces gold (21.6 million tonnes grading 0.32 g/t) based on a conservative gold price of US$2,600 per ounce and an additional 33,000 ounces of recoverable gold leach pad inventory.On March 25, 2026, the Company executed a term sheet for a US$75 million, three-year revolving credit facility ("RCF") with The Bank of Nova Scotia ("Scotiabank") and National Bank of Canada ("National Bank"). The term sheet was approved by both banks' credit committees with closing and initial funding of the Revolver subject to negotiation and execution of definitive loan, guarantee and security agreements and satisfaction of certain customary closing conditions.On April 13, 2026, the Company reported first quarter 2026 gold production of 8,734 ounces and gold sales of 9,134 ounces from the Pan mine.2026 OutlookThe Company's strategy is to become a leading, U.S. 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. For 2026, the Company has the following goals pursuant to its strategy:Achieving 2026 guidance at the Pan mine - gold production of 32,000-38,000 ounces, total cash costs of US$1,750-1,900 per ounce, and AISC of US$1,850-2,000 per ounceAnnouncing a proposed name change and rebranding in May 2026Releasing the results of the Copperstone pre-feasibility study ("PFS") in May 2026, followed by a construction decision and mine development throughout 2026Closing the Revolving Credit Facility with Scotiabank and National Bank and debt refinancing in May 2026Graduation from TSX Venture Exchange to Toronto Stock Exchange in Q2 20262Starting the Company's inaugural drilling program at the Copperstone project testing near-surface, open pit gold mineralization in Q2 2026Releasing a maiden open pit mineral resource estimate at the Copperstone project in mid-2026Releasing an updated technical report on the Gold Rock project in Q4 2026Continuing to strengthen the Company's Board and Management Team to raise its corporate profile and improve the operation and development of its property portfolio2 The Company has applied to have its securities listed on Toronto Stock Exchange. Listing is subject to the approval of the Exchange in accordance with its original listing requirements. Toronto Stock Exchange has not conditionally approved the issuer's listing application and there is no assurance that the Exchange will approve the listing application.Q4 2025 Financial HighlightsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/295363_4709b04a741908ee_003full.jpg1 Basic (loss) income per share is presented on a post share consolidation basis. Weighted average shares for the quarter and year ended December 31, 2025 are 105,994,157 and 69,282,251, respectively (December 31, 2024 - 47,089,101 and 46,819,194, respectively).On October 1, 2025, the Company completed the acquisition of the Pan Operating Complex from Equinox Gold Corp. The transaction included the Pan mine, together with the adjacent permitted Gold Rock project, as well as the nearby past-producing Illipah project. The transaction consisted of cash consideration of US$88.4 million, subject to post-closing working capital adjustments, and the issuance of 9,680,300 common shares of the Company. Gold production of 9,165 ounces was produced from the Pan mine during the fourth quarter of 2025.Gold revenues of $43.1 million were realized from the sale of 7,922 gold ounces from the Pan mine and revenues of $0.5 million were realized from the sale of 146 gold ounces from the Santana operation, for gross proceeds of $43.6 million with an average realized gold price of $5,399 (US$3,871) per ounce.Total cash costs and all-in sustaining costs ("AISC") were $2,313 per ounce (US$1,658) and $2,393 per ounce (US$1,716), respectively from the operations at the Pan mine.Cash flow from operating activities after changes in working capital in the quarter was $41.3 million, cash used in investing activities was $4.9 million, with net cash provided from financing activities during Q4 2025 of $22.0 million.The Company recorded earnings from mine operations of $20.1 million and a net loss of $0.9 million in Q4 2025. Adjusting for one-time items including expensing of the Copperstone project exploration expenses and costs associated with the acquisitions and settlements during the 2025 year the adjusted net income in Q4, 2025 is $11.6 million. Cash and Cash Equivalents of $60.3 million as at December 31, 2025. The cash and cash equivalents include $13.8 million to complete the working capital payment for the Pan Acquisition. The payment for this amount was made on January 20, 2026.The Company closed on a $3.5 million private placement by issuing 875,000 common shares at a price of $4.00 per share and 875,000 common share purchase warrants at a price of $7.05 per warrant share with a term of 3 years.Consolidated HighlightsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/295363_4709b04a741908ee_004full.jpg1 Consolidated financial and operational results for 2025 include the Pan Mining Complex since its acquisition, from October 1, 2025 to December 31, 2025.
2 Total cash costs and AISC reflects costs associated with the Pan operation only as total cash costs and AISC were not recognized on the Santana operations.
3 Non-IFRS measure, for further information refer to the Non-IFRS Measures section in this MD&A.
4 Basic (loss) income per share is presented on a post share consolidation basis. Weighted average shares for the quarter and year ended December 31, 2025 are 105,994,157 and 69,282,251, respectively (December 31, 2024 - 47,089,101 and 46,819,194, respectively).LiquidityTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/295363_4709b04a741908ee_005full.jpgSummary of Cash FlowTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/295363_4709b04a741908ee_006full.jpgPan Mine Operating SummaryTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/295363_4709b04a741908ee_007full.jpgTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/295363_4709b04a741908ee_008full.jpgNon-IFRS Measures. This news release refers to certain financial measures, such as all-in-sustaining costs, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and, accordingly, may not be comparable to such measures as reported by other companies. These measures have been derived from the Company's financial statements because the Company believes that they are of assistance in understanding the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A for Q4 2025, available on SEDAR+.Adjusted Net IncomeTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4183/295363_4709b04a741908ee_009full.jpgTotal cash costs. The Company uses total cash costs per gold ounce sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying total cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Total cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-GAAP financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS measures. Total cash costs include production costs, refinery and transportation costs, royalties and production taxes. Total cash costs exclude non-cash depreciation and depletion and site share-based compensation. Production costs include mining, crushing, processing, and direct overhead at the operation sites.AISC. AISC more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that in respect of AISC metrics within the technical reports, because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations. AISC per ounce includes mining, processing, direct overhead, reclamation and sustaining capital.Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Mr. Darren Koningen, P.Eng., Minera Alamos' CEO, who is the Company's Qualified Person under National Instrument 43-101.About Minera AlamosMinera 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 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, U.S. 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.For Further Information Please Contact: Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Capital Markets & Strategy
647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking information that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295363
Original: Minera Alamos Reports Fourth Quarter and Full Year 2025 Results; Record Quarterly Revenue of C$43.6 Million and Record Earnings from Mine Operations of C$20.1 Million

Minera Alamos Reports First Quarter 2026 Gold Production of 8,734 Ounces; Cash Balance Increased to $46 MillionApril 13, 2026 6:42 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 13, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce preliminary operational results for the three months ended March 31, 2026 (the "first quarter 2026" or "Q1 2026") from the Company's 100%-owned Pan gold mine in White Pine County, Nevada ("Pan mine"). All amounts are stated in United States dollars, unless otherwise stated.Minera Alamos CEO, 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 thousand ounces since acquiring the mine on October 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 to $34 million on December 31, 2025.Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Mr. Darren Koningen, P.Eng., Minera Alamos' CEO, who is the Company's Qualified Person under National Instrument 43-101.About Minera AlamosMinera 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 PEA-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.For Further Information Please Contact: Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Capital Markets & Strategy
647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking information that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292152
Original: Minera Alamos Reports First Quarter 2026 Gold Production of 8,734 Ounces; Cash Balance Increased to $46 Million

Minera Alamos Moves to Strengthen Balance Sheet with Executed Term Sheet for US$75 Million Revolving Credit Facility from Scotiabank and National BankMarch 31, 2026 6:30 AM
NewsfileProvides ability to bolster balance sheet for growth and enable repayment of existing gold prepayment facilityToronto, Ontario--(Newsfile Corp. - March 31, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce that on March 25, 2026 the Company executed a term sheet for a new US$75 million revolving credit facility (the "Revolver") with The Bank of Nova Scotia ("Scotiabank") and National Bank of Canada ("National Bank"). The term sheet has been approved by both banks' credit committees with closing and initial funding of the Revolver subject to negotiation and execution of definitive loan, guarantee and security agreements and satisfaction of certain customary closing conditions. Revolving Credit Facility Key TermsCapacity of US$75 million available on closingTerm of three years from closing dateInterest rate of Term SOFR plus a margin spread between 3.25% and 4.25% based on the Company's Total Net Debt / EBITDA ratioRevolver to have senior security over the Company's material assetsCustomary financial covenants including: (1) Total Net Debt / EBITDA ≤ 3.0x, (2) Interest Coverage ≥ 3.0x, and (3) minimum of liquidity of US$10 millionScotiabank will be Administrative Agent, with both Scotiabank and National Bank acting as Co-Lead Arrangers and Joint BookrunnersDarren Blasutti, EVP Corporate Development, commented, "We are immensely proud to partner with two tier-1 Canadian banks and global mining finance leaders. This US$75 million Revolver will provide us with lower cost debt financing, and combined with our strong working capital position, will allow us to advance our high-quality pipeline of permitted U.S. growth projects without equity dilution. Following closing, the initial drawdown under the Revolver will enable the repayment of the existing gold prepayment facility which will give our investors more meaningful participation to current high gold prices. We appreciate the collaboration with National Bank and Scotiabank and look forward to their continued support as we aim to become a leading, U.S. focused intermediate gold producer by growing production and developing our pipeline of high-quality, low-capital projects."Repayment of Auramet Gold Prepayment FacilityThe Company intends to use an initial drawdown under the Revolver to extinguish its gold prepayment facility (the "Gold Prepay") with Auramet International, Inc. ("Auramet"), who has helped support the Company's financing efforts in prior lower gold price environments. The Gold Prepay, originally entered into on October 1, 2025, as a part of the Company's acquisition of Nevada assets from Equinox Gold Corp., provided upfront cash of US$25 million in consideration for delivery of 7,830 gold ounces in 18 equal monthly installments of 435 gold ounces from April 2026 to September 2027. Repayment of the Gold Prepay will be done by delivering one cash equivalent payment of the owed gold ounces, priced at the prevailing spot gold price at the time of repayment. Repayment and termination of the Gold Prepay is subject to closing of the Revolver and initial funding. There is no assurance that the credit documents in respect of the Revolver will be completed or that any amount will be drawn under the Revolver.Update on U.S. Growth ProjectsAs previously reported, the Company is in the final stages of delivering the results of a pre-feasibility study on its 100%-owned Copperstone Gold Project located in La Paz County, Arizona. The Company is also advancing the Pan life-of-mine plan optimization and is concurrently advancing mine development studies on the adjacent Gold Rock Project, located just 7 miles southeast from the Pan mine. There is potential to realize significant operating and cost synergies by combining the Pan mine and Gold Rock Project and the Company anticipates releasing an updated technical report in Q4 of 2026.About Minera AlamosMinera 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 PEA-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.For Further Information, Please Contact: Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Capital Markets & Strategy
647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. In this news release, forward-looking statements relate to, among other things, statements regarding: the Revolver, including expectations the timing and completion of the Revolver and related drawdowns; the repayment and extinguishments of the Gold Prepay; the expected timing for the completion of the pre-feasibility study at the Copperstone Gold Project and the technical report for the combined Pan mine and Gold Rock Project; the expected potential for the Company to realize significant operating and cost synergies by combining the Pan mine and Gold Rock Project; and the Company's ability to give its investors more meaningful participation to current high gold prices through completion of the Revolver and repayment of the Gold Prepay This information is based on information currently available to The Company and The Company provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. The Company's financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with The Company's activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of The Company's forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company does not undertake to update any forward-looking information that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290543
Original: Minera Alamos Moves to Strengthen Balance Sheet with Executed Term Sheet for US$75 Million Revolving Credit Facility from Scotiabank and National Bank

35th Global Metals, Mining & Critical Minerals Conference - BMO- Florida Hilton Diplomat Hotel.
Minera Alamos presentation https://mineraalamos.com/site/assets/files/4342/minera_alamos_presentation_feb_2026_2.pdf
Bank of Montreal

"... BMO is privileged to host this event on February 22-25 after over a hundred years acting as a trusted advisor to the sector. Attendees can look forward to insightful discussions and industry-defining conversations. It has never been more crucial for us to bring senior leaders, global investors, policy makers and analysts together from around the world to talk about this industry. We look forward to facilitating these essential discussions for our almost 1,500 attendees.

As the industry continues to evolve, BMO’s priority is to deliver more innovative solutions to grow our market leading presence. ..."

https://capitalmarkets.bmo.com/en/insights/bmo-hosts-our-landmark-35th-annual-global-metals-mining-and-critical-minerals-conference/


https://mineraalamos.com/our-assets/pan/

New Minera Alamos corporate presentation Feb. 5, 2026🇺🇸🧨💥💵💰🛻. "... Pan Mine Highlights⛏️🇺🇸⛏️🌎🚧🦺💵💰

Pan Mine Historical Results ⛏️🇺🇸
• Located East Central Nevada, ~28 km SE of Eureka, along Battle Mountain
trend; 100% owned by Minera Alamos
• Open-pit, Carlin-style gold deposit using conventional mining and heap
leach processing
• In production since 2017, with over 335koz Au produced to date
• 2025 production of 35 koz Au at AISC of ~$1,670/oz
• P&P Reserves 2024 : 247koz at 0.34 g/t; M&I Resources (incl. P&P): 288koz
at 0.36 g/t
• 2026 guidance: 32–38 koz gold production at cash costs of US$1,750–
1,900/oz gold and AISC of US$1,850–2,000/oz
Gold Rock Project Highlights
• Located in Nevada, ~8 km SE of Pan Mine, along Battle Mountain
trend; 100% owned by Minera Alamos
• 2021 PEA outlines a 6.5 year mine life with average annual production
of ~55koz Au
• Contemplates open-pit and heap leach processing similar to Pan
• Low initial capex build
• Indicated resource of 403koz at 0.66 g/t Au & Inferred resource of
84koz at 0.87 g/t ..."
https://mineraalamos.com/site/assets/files/4342/minera_alamos_presentation_feb_2026.pdf 🇺🇸

Minera Alamos Completes Pan Operating Complex Integration Ahead of Schedule and Provides 2026 Production and Cost GuidanceFebruary 4, 2026 5:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - February 4, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to provide an update on its 100%-owned Pan Operating Complex ("POC") in White Pine County, Nevada. Following the acquisition of POC on October 1, 2025, the Company has substantially completed the integration into its corporate and operating structures approximately three months ahead of the original schedule. In addition, the Company is announcing its 2026 production and cost guidance for the Pan mine.HIGHLIGHTSAll material corporate legal structures, financial and tax reporting systems, and US operating entities have been transferred to Minera Alamos.New mining contractor (Turner Mining) along with new mining equipment has been mobilized to the Pan mine as of January 1, 2026 and ramped up to previous mining rates with minimal disruption to ongoing mine site operations.Initial base case 2026 Pan mine plan completed and in place. Further mine planning optimizations underway to evaluate impacts from higher gold prices including options to significantly increase mining rates.Mine development studies are now underway for the Gold Rock deposit, located just 7 miles southeast from the Pan mine. The Company is evaluating the potential to integrate Gold Rock into POC to increase gold production as early as 2027.2026 production and cost guidance for the Pan mineGold production of 32,000-38,000 ouncesCash costs of US$1,750-1,900 per ounceAll-in sustaining costs ("AISC") of US$1,850-2,000 per ounceMinera Alamos CEO, Darren Koningen, commented, "We are pleased to have substantially completed the business integration of the Pan mine into Minera Alamos ahead of our original schedule, and much work has already been accomplished including the mobilization of a new mining contractor (Turner Mining) to site. We look forward to another great year of consistent operating performance from the Pan mine in 2026 maintaining similar gold production compared to 2025 despite a significant increase in waste stripping to accommodate future expansion potential. Slightly higher costs compared to last year are expected as a result of the increase in operating waste stripping and higher royalty costs associated with current higher gold prices. With these higher prices, we are comfortable approving the increased capital waste stripping program to improve the future operating flexibility at the Pan mine. In addition to operations from the Pan mine and potential future production growth from a new open pit at the Gold Rock satellite deposit, we anticipate releasing the results of a pre-feasibility study on our Copperstone Project in Arizona later this quarter."We also welcome a new group of strategic investors, including insider participation, in the recently announced secondary market purchase of the Company's shares formerly held by Equinox Gold (see News Release dated January 28, 2026)."Business Integration and Ongoing Optimization Work
Since Minera Alamos closed its acquisition of POC on October 1, 2025, the Company has been making significant progress on asset integration and optimization. All material corporate legal structures, financial and tax reporting systems, and US operating entities have been transferred to Minera Alamos. The mining contractor was recently changed to the Turner Mining Group, effective January 1, 2026, with the vast majority of contractor employees remaining at the Pan mine and with new mining equipment being mobilized to site. The Company believes this will enhance fleet availability resulting in improvements to mining productivity and set the basis for potential future expansion.The initial base case 2026 Pan mine plan has been completed and is reflected in the 2026 production and cost guidance in this release. Further mine planning optimizations are underway to evaluate positive impacts from higher gold prices and the potential to further increase mining rates and mine life at the Pan mine.Mine development studies are now underway for the Gold Rock open pit deposit, located just 7 miles southeast from the Pan mine, evaluating potential integration into the POC to increase gold production as early as 2027. Gold Rock contains 403,000 ounces of gold in Indicated resources (19 million tonnes grading 0.66 grams per tonne) and 84,000 ounces of gold in Inferred resources (3 million tonnes grading 0.87 grams per tonne) based on the NI 43-101 Technical Report on the Gold Rock Project (prepared for Fiore Gold Ltd.), Nevada USA prepared by APEX Geoscience Ltd and John T. Boyd Company dated April 2020 and amended September 2021.2026 Production and Cost Guidance
The Company's 2026 guidance for gold production at the Pan mine is 32,000-38,000 ounces, as compared with 2025 production of 35,303 ounces (9,165 ounces attributable to the Company post the October 1, 2025 acquisition). Relatively similar head grades to those experienced in 2025 are anticipated, and moderately higher tonnage of ore is forecasted to be mined and placed on the heap leach pad this year. Combined ore and waste mining rates are forecasted to ramp-up significantly (approximately 40%) over the course of 2026, as benefits are realized from the new mining contractor and equipment fleet. Additional productivity improvements will be evaluated throughout the year as a part of ongoing optimization work.2026 cost guidance for the Pan mine includes cash costs of US$1,750-1,900 per ounce gold and AISC of US$1,850-2,000 per ounce. While unit operating costs per tonne are expected to remain relatively similar to those experienced in 2025, slightly higher per ounce costs are anticipated as a result of increased operating waste stripping and the impact of higher royalty costs. 2026 sustaining capital expenditures at the Pan mine are forecasted to be approximately $1.5 million, mostly for additional surface equipment on site.With significantly improved cash flow margins expected in this gold price environment, the Company is increasing waste stripping this year to improve future operating flexibility at the Pan mine. Approximately $13.5 million in non-sustaining capital is forecasted to be spent in 2026 on capitalized stripping at the Pan mine, relating to pre-stripping activities at the South pit.Non-IFRS Measures. This news release refers to certain financial measures, such as cash costs and all-in-sustaining costs, which are not measures recognized under IFRS and do not have a standardized meaning prescribed by IFRS. These measures may differ from those made by other companies and, accordingly, may not be comparable to such measures as reported by other companies. These measures have been derived from the Company's financial statements because the Company believes that they are of assistance in understanding the results of operations and its financial position. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company's MD&A, available on SEDAR+.Cash costs. The Company uses cash costs per gold ounce sold to monitor its operating performance internally. The most directly comparable measure prepared in accordance with IFRS is cost of sales. The Company believes this measure provides investors and analysts with useful information about its underlying cash costs of operations. The Company also believes it is a relevant metric used to understand its operating profitability and ability to generate cash flow. Cash costs are measures developed by metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-GAAP financial measures are similar to those reported by other mining companies. They are widely reported in the metals mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS measures. Cash costs include production costs, refinery and transportation costs, royalties and production taxes. Cash costs exclude non-cash depreciation and depletion and site share-based compensation. Production costs include mining, crushing, processing, and direct overhead at the operation sites.AISC. AISC is a performance measure that reflects the total expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company's definition is derived from the definition as set out by the World Gold Council in its guidance dated June 27, 2013 and November 16, 2018, respectively. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure is useful to external users in assessing operating performance and the ability to generate free cash flow from operations. The Company defines AISC as the sum of total cash costs, corporate general and administrative expenses (excluding one-time charges), reclamation accretion related to current operations and amortization of asset retirement obligations ("ARO"), sustaining capital (capital required to maintain current operations at existing production levels), lease repayments, and exploration expenditures designed to increase resource confidence at producing mines. AISC excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to resource growth, rehabilitation accretion not related to current operations, financing costs, debt repayments, and taxes. Total AISC is divided by gold ounces sold to arrive at a per ounce figure.Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Mr. Darren Koningen, P.Eng., Minera Alamos' CEO, who is the Company's Qualified Person under National Instrument 43-101.About Minera Alamos
Minera Alamos is a growing North American gold production and development company. The Company owns the Pan Operating Complex in White Pine County, Nevada, comprised of 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 County, 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%-owned Santana open-pit, heap-leach mine in Sonora. The 100%-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%-owned) has a positive, robust PEA 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.For Further Information, Please Contact:
Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Capital Markets & Strategy
647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking Statements
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking information that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282747
Original: Minera Alamos Completes Pan Operating Complex Integration Ahead of Schedule and Provides 2026 Production and Cost Guidance

Minera Alamos Retains Velocity Trade Capital for Market Making ServicesFebruary 2, 2026 12:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - February 2, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFD) ("Minera Alamos" or the "Company") is pleased to announce that it has engaged Velocity Trade Capital Ltd. ("Velocity Trade") to provide market-making services to the Company in accordance with applicable securities laws and the policies of the TSX Venture Exchange ("TSXV"). Velocity Trade will manage trading of the Company's shares from time to time for the purpose of maintaining an orderly market, with a view to reducing trading volatility and improving the liquidity of the Company's shares. The funding and securities required for these services undertaken will be provided by Velocity Trade.In consideration for the market liquidity services, the Company has agreed to pay Velocity Trade a monthly fee equal to C$6,000 per month, and after a period of sixty days, either party may terminate the contract by providing the other with 30 days prior written notice of termination. Velocity Trade is a private and independent investment dealer headquartered in Toronto, Ontario, and is registered for trading in the provinces of Ontario, Quebec, British Columbia, Alberta, and Manitoba. Velocity Trade is a member of the TMX, and of the Canadian Investment Regulatory Organization (CIRO). Additionally, the firm and its affiliate companies are regulated internationally by the UK's Financial Conduct Authority (FCA), the Authority for Financial Markets (AFM) in the Netherlands, the Australian Securities and Investments Commission (ASIC), South Africa's Financial Sector Conduct Authority (FSCA), and the Monetary Authority of Singapore (MAS), among others.Velocity Trade and Minera Alamos are not related parties and have no other agreements other than the market liquidity agreement, which is the subject of this news release.The engagement of Velocity Trade to provide market liquidity services to Minera Alamos is subject to acceptance of the TSXV.About Minera AlamosMinera Alamos is a growing North American gold production and development company. The Company owns the Pan Operating Complex in White Pine County, Nevada, comprised of 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 County, 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%-owned Santana open-pit, heap-leach mine in Sonora. The 100%-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%-owned) has a positive, robust PEA 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.For Further Information Please Contact: Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Capital Markets & Strategy
647-294-8361
dstewart@mineraalamos.comWebsite: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking information that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282383
Original: Minera Alamos Retains Velocity Trade Capital for Market Making Services

Minera Alamos Announces Secondary Market Purchase of Its Shares by Group of Strategic InvestorsJanuary 28, 2026 1:54 PM
NewsfileToronto, Ontario--(Newsfile Corp. - January 28, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFD) ("Minera Alamos" or the "Company") today announces that a subsidiary of Equinox Gold Corp. ("Seller") has entered into definitive agreements for the sale of 9,680,281 common shares ("Shares") of the Company to a group of strategic investors including Darren Blasutti, Minera Alamos' Executive Vice President, Corporate Development. The Shares are being sold at a price of C$5.80 per Share for gross proceeds to the Seller in the amount of C$56,145,630, with Darren Blasutti purchasing 517,242 Shares for C$3.0 million. Closing is anticipated to occur in early February 2026.The Shares were originally issued to the Seller as partial consideration for the Company's acquisition of the Pan Operating Complex in White Pine County, Nevada, as announced in the Company's News Release dated October 1, 2025.About Minera AlamosMinera Alamos is a growing North American gold production and development company. The Company owns the Pan Operating Complex in White Pine County, Nevada, comprised of 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 County, 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%-owned Santana open-pit, heap-leach mine in Sonora. The 100%-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%-owned) has a positive, robust PEA 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.For Further Information Please Contact: Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
dblasutti@mineraalamos.comDavid Stewart, VP Capital Markets & Strategy
647-294-8361
dstewart@mineraalamos.com
Website: www.mineraalamos.comCaution Regarding Forward-Looking StatementsThis press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations.The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. There can be no guarantees that the sale of Shares described herein will be completed. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking information that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281909
Original: Minera Alamos Announces Secondary Market Purchase of Its Shares by Group of Strategic Investors

Upcoming Minera Alamos Events

Date Title Webcast Presentations
Feb 22 - Feb 25, 2026 BMO Global Metals,
Mining & Critical Minerals Conference

Mar 1 - Mar 4, 2026 PDAC 2026

Apr 13 - Apr 15, 2026 Mining Forum Europe 2026

https://mineraalamos.com/investors/events-webcast/

https://finance.yahoo.com/news/minera-alamos-reports-fourth-quarter-113000871.html

Please STOP the continual DILUTION of deprived & depraved Minera Alamos shareholders!

Obviously, Minera Alamos shareholders aren't all depraved but we do feel like we are repeatedly getting the short end of stick. NOT appreciated or warranted!😡

Oh let me guess you are going to offer mORE warrants to your amigos?

WHEN AM I getting my 15+ million Minera Alamos options? If that seems ridiculous well about 15+ million options have been awarded within 8 hours!💚


BEYOND FRUSTRATED!
https://minesandmoney.com/london/


https://www.newsfilecorp.com/release/276374/Minera-Alamos-Reports-Third-Quarter-Results-Provides-Corporate-Updates-and-Further-Strengthens-Management-Team

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1547-tsx-venture/mai/190921-minera-alamos-provides-update-on-development-plans-for-copperstone-gold-mine.html

https://mineraalamos.com/news/2025/minera-alamos-reports-third-quarter-results/

https://www.wsj.com/business/barrick-considering-spinning-off-north-american-gold-assets-b60de6a4

https://www.reuters.com/world/india/gold-climbs-six-week-high-risk-off-sentiment-equities-lower-dollar-2025-12-01/


https://www.standard.co.uk/news/uk/sadiq-khan-goldplated-pension-b1260451.html

“Minera Alamos Completes Acquisition of Pan Gold Mining Complex
Creation of an Emerging U.S. Focused Gold Producer..."
"... Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - Minera Alamos Inc. (TSXV: MAI) ("Minera Alamos" or the "Company") is pleased to announce the completion of the previously announced acquisition (the "Transaction") of Equinox Gold Corp.'s ("Equinox Gold") Pan Gold Mine ("Pan"), Gold Rock Project ("Gold Rock") and Illipah Project ("Illipah") located in White Pine County, Nevada, U.S. (together, the "Nevada Assets").

Darren Koningen, CEO of Minera Alamos, stated, "We are excited to close this transformational acquisition for Minera Alamos. The addition of the Pan Gold Mine, along with the Gold Rock and Illipah projects, provides immediate production and cash flow while significantly expanding our late-stage project development pipeline. The transaction positions Minera Alamos as an Americas-focused gold producer with the potential to deliver meaningful production growth in the next few years and significant long-term value for our shareholders. I would like to once again thank the efforts of all of those who were involved in the completion of this transaction."...."


https://www.newsfilecorp.com/release/268735

https://www.theglobeandmail.com/investing/markets/markets-news/Newsfile/35173137/minera-alamos-completes-acquisition-of-pan-gold-mining-complex/

Minera ALAMOS Multi-Asset, Low-Capex Gold Producer 🇺🇸🇲🇽
"...
Co. Building a Multi-Asset, Low-Capex Gold Producer..."

'...
Key Drivers for the next 12 – 24 Months 💥
Santana: continued quarter-over-quarter operating improvement post-pad works and optimized mine plan.

Copperstone: financing package finalization, plan-of-operations adjustment approval (targeted late- 2025), then restart execution into 2026.

Cerro de Oro: Mexican permit issuance and construction decision; ongoing metallurgy/engineering to shorten time-to-build.

Nevada platform: integration of Pan and a development plan + schedule for Gold Rock leveraging Pan infrastructure. Deal closed Aug 5, 2025.💰️

Funding: deployment of proceeds from the CA$110M bought deal and any project-level debt packages (esp. Copperstone). ..."




https://www.streetwisereports.com/article/2025/09/02/co-building-a-multi-asset-low-capex-gold-producer.html

Management & Operating Bench Strength
Darren Koningen, P.Eng — CEO & Director. Metallurgical/process engineer with >25 years' experience; a founding member of Castle Gold; key roles at El Castillo (sold to Argonaut for C$130M).
Doug Ramshaw — President & Director. >25 years across mining analysis, M&A, and corporate development; former Great Bear director.
Janet O'Donnell — CFO. Former CFO at Castle Gold and Gowest; deep experience in mine-level financial operations.
Federico lvarez, M.Eng — COO. 35 years' Mexico operating leadership; ex-VP Operations at Argonaut/Castle Gold.
Miguel Cardona — VP Exploration. Led 3× resource growth at El Castillo; discovery experience at Los Filos/El Limn.
Carolina Salas — VP Technical Services. Metallurgy/process specialist (gold & copper) with design/operations background across Mexico.
Victoria Vargas — VP IR. Former Alamos Gold IR leader; broad capital-markets and comms experience.
Kevin Small, P.Eng — EVP Mining Operations (Copperstone). Ex-CEO Jerritt Canyon; formerly Director of Mining Ops at Beta Hunt; brought in to lead Copperstone's restart.
Incoming Chair: Jason Kosec (capital markets and development background), enhancing board-level growth and financing expertise.

“Minera Alamos Inc. (TSXV: MAI) is pleased to announce that, further to its press release of August 7, 2025, as a result of overwhelmingly strong investor demand, it has closed the order book for its previously announced C$110 million private placement (the "Offering"). The Underwriters, led by Stifel Canada as sole bookrunner and including BMO Capital Markets, Desjardins Capital Markets and National Bank Financial Inc., have received indications of interest for the full amount of the Offering, including the C$25 million Underwriters' Option.

"We were very pleased to see such strong institutional investor demand for this private placement, which underscores the confidence investors have in Minera Alamos and our ability to deliver shareholder value. The funds raised from this Offering will enable us to complete the acquisition of the Pan Complex mining assets in Nevada and transform the trajectory for the Company," commented Darren Koningen, Chief Executive Officer of Minera Alamos….”

https://stockhouse.com/news/press-releases/2025/08/14/minera-alamos-previously-announced-bought-deal-private-placement-is-fully

Join incoming Chair Jason Kosec for a review of Minera Alamos' recent acquisition of a gold-producing Nevada Complex. He will be available to answer live questions after a brief preamble.

Join Jason on Wednesday, August 13th at 11 AM ET / 8 AM PT

https://6ix.com/event/mineras-acquisition-of-gold-producing-nevada-complex

Glad that earlier today, I was able to attend the upbeat Minera Alamos shareholder meeting in Toronto. Fortunately Doug Ramshaw, President and Janet O'Donnell, Chief Financial Officer are both particularly positive regarding how the high-grade Copperstone Mine which is progressing towards actual gold production in Arizona in the not so distant future.

Santana was also discussed.

The most positive takeaway is about 40,000 annual au production from Copperstone by mid 2026 plus about 10,000 +++ annual gold production from Santana ensures a minimum of 50,000 +++ of au ozs being produced for many years and this company will become next level within about a year.

They are working hard regarding Cerro De Oro and everything takes time but it will be a game changer once... $$$

https://mineraalamos.com/


https://mineraalamos.com/our-assets/where-we-operate/

FYI, Toronto traffic is ridiculous!






Gold prices are up but down from the session high in active midday U.S. trading at mid-week, following reports and rumors that President Trump was set to fire Fed Chairman Jerome Powell. Gold prices spiked to a gain of about $50.00 on the day on the rumor, but then backed well down when Trump, in a televised White House photo opportunity, said that while he is very concerned about Powell not cutting U.S. interest rates, Trump has no immediate intention of firing Powell. August gold was last up $22.40 at $3,359.10. September silver prices were last up $0.06 at $38.16.

In other news, the marketplace, including gold and silver, showed no big reactions to the morning U.S. producer price report that came in slightly lower than expected.

The key outside markets today see the U.S. dollar index lower. Nymex crude oil futures prices are weaker and trading around $66.00 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently a 4.481%



https://www.kitco.com/news/article/2025-07-16/gold-price-pops-backs-powell-firing-rumor

**Excavator Operators**
We are currently recruiting Excavator Operators to join our growing team at the Elk Gold Mine, 57km from Merritt, British Columbia. This position offers a rewarding opportunity to work on key projects and build your career with a fast-growing company and a close-knit team that supports your personal and professional development.

**General Duties & Responsibilities**:

- Read and interpret drawings, plans and diagrams to perform required work
- Accurately complete all work reports and maintenance logs
- Communicate with co-workers
- Regularly perform Safety inspection of equipment
- Oblige to Health and Safety Procedures and Processes
- Follow equipment maintenance schedule and advise if repair is required
- Perform other related tasks as needed..."


https://ca.trabajo.org/job-2891-975a04f69c79270dfbab5f04c42fcf0a?r=YToyOntzOjQ6InBhZ2UiO2k6MTtzOjc6ImtleXdvcmQiO3M6ODoibmh3ZWxtZW4iO30=


https://www.mining.com/web/gold-rises-to-record-on-middle-east-tension-us-economy-concerns/


"...The Swiss Mining Institute belongs to Bally Capital Advisors SA.
Bally Capital Advisors SA is a Swiss based Asset management company founded in 2003 and is a member of the Swiss Association of Asset Managers (SAAM) and Groupement Patronal des Grants de Patrimoines (GPGP).

Swiss Mining Institute (SMI) presents two major annual investment conferences per year in Switzerland.

Each conference provides top quality, independent perspectives from experts within the Resources Sector together with presentations from 100+ selected mining companies.

SMI invites 1000+ selected Asset Managers, Portfolio Managers, Fund Managers and other Professional Investors from all over the world.
https://swissmininginstitute.ch/program-march-18-2025/

Doug Ramshaw prior to your presentation regarding
Minera Alamos in Zurich I hope you enjoy
the following informative discussion.

March 18, 2025
The Dolder Grand, Zurich
8:05 PANEL DISCUSSION
Moderator: Claude Bejet
Bernhard Graf – Serafin Asset Management AG
Willem Middelkoop – Commodity Discovery Fund
Jeremy Bond – Terra Capital
Florian Grummes – Midas Touch Consulting

"... Mar 18 - Mar 19, 2025 Switzerland Suisse Schweiz France Deutscheland UK
09:30 MINERA ALAMOS INC. (TSX.V: MAI)
Speaker: Doug Ramshaw
Position: President & CEO
Website: www.mineraalamos.com
https://swissmininginstitute.ch/program-march-18-2025/
I hope everything goes well for Doug Ramshaw in Switzerland on March 18th. Some financing will be needed to quickly put the Copperstone High-Grade gold mine into production in Arizona.

Mining Stock Daily hosts Doug Ramshaw, president of Minera Alamos, discussing the Copperstone PEA which was republished this morning following the company's acquisition of Sabre Gold. Doug also touches on market conditions and future plans for the project. The conversation covers the economic assumptions behind the PEA, optimization strategies, timelines for development, and the current sentiment in the mining sector, particularly regarding permitting in Mexico. https://clearcommodity.net/podcasts/mining-stock-daily/minera-alamos-on-the-conservative-approach-for-copperstones-republished-pea

Mining Stock Daily hosts Doug Ramshaw, president of Minera Alamos, discussing the Copperstone PEA which was republished this morning following the company's acquisition of Sabre Gold. Doug also touches on market conditions and future plans for the project. The conversation covers the economic assumptions behind the PEA, optimization strategies, timelines for development, and the current sentiment in the mining sector, particularly regarding permitting in Mexico. https://clearcommodity.net/podcasts/mining-stock-daily/minera-alamos-on-the-conservative-approach-for-copperstones-republished-pea

"... Mar 18 - Mar 19, 2025 Switzerland Suisse Schweiz France Deutscheland UK
09:30 MINERA ALAMOS INC. (TSX.V: MAI)
Speaker: Doug Ramshaw
Position: President & CEO
Website: www.mineraalamos.com
https://swissmininginstitute.ch/program-march-18-2025/
I hope everything goes well for Doug Ramshaw in Switzerland on March 18th. Some financing will be needed to quickly put the Copperstone High-Grade gold mine into production in Arizona.

"...Bally Capital Advisors SA is a member of the Swiss Association of Asset Managers (SAAM) and the Groupement Patronal des Grants de Patrimoines (GPGP), which is the oldest association of Asset Managers in Switzerland.
The GPGP is an exclusive committee which comprises some of the oldest and most traditionnal families in Geneva.

The Bally family members are descendants of the “Dame Royaume”, iconical and heroical figure who played a crucial raie in the battle that Geneva led against the invasion by the Duc de Savoie Charles-Emmanuel in 1602.

Descending from a long-lasting lineage, the Bally familly members always bear in mind a long-term investment horizon. They are aware that when one gets invovled in the investment universe, being short-sighted can only lead one to misfortune.

The main activity at Bally Capital Advisors SA is wealth management for High Net Worth lndividuals. We are safeguarding our customer’s capital and controlling risks. These are our primary concerns when it cornes to investment management...."
"...

JACQUES BALLY

Jacques Bally has 22 years of experience in Private Banking prior to founding Bally Capital Advisors SA in 2003. Mr. Bally was team leader of various Latin American Private Banking Desk of the Private Banking sector in Geneva.

Mr. Bally is a graduate of the University of Lausanne, Switzerland. He is married with two children. He is fluent in French, English, Spanish, Portuguese, Italian and German. Mr. Bally was one of the pioneers in alternative investment and started advising clients in this segment 10 years ago.

Took a position today in Minera. https://www.stockwatch.com/News/Item/U-207383-U!MAIFF-20240430/U/MAIFF

https://www.stockwatch.com/News/Item/U-207877-U!MAIFF-20240503/U/MAIFF