Minera Alamos Announces Results of Annual General Meeting

Toronto, November 22, 2019 - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce the results of voting at its Annual General Meeting of Shareholders ("AGM") held Thursday, November 21, 2019 in Toronto, Canada. Shareholders voted overwhelmingly in favour of all items put forward by the Board of Directors and Management. All four of the individuals nominated for the board of directors were elected as set out below:

Shareholders also voted in favour of;

(i) Ratifying the appointment of MNP LLP as Auditors of the Company for the ensuing year and authorizing directors to fix the remunerations of the auditors;

(ii) Ratifying and approving the continuation of the incentive Stock Option Plan of the Corporation;

(iii) Ratifying and approving the Restricted Share Unit Plan of the Corporation and

(iv) Approving the Special Resolution, substantially in the form set out in the accompanying management information circular, empowering the Board of Directors to fix the number of directors of the Corporation.

A total of 135,997,473 Minera Alamos common shares were voted, representing 36.16% of total shares issued and outstanding as at the record date of the meeting.

About Minera Alamos:

Minera Alamos is an advanced-stage exploration and development company with a portfolio of high-quality Mexican development assets, including the La Fortuna open-pit gold project in Durango (positive PEA completed and permits granted) and the Santana open-pit heap-leach development project in Sonora (permits received).

The Company's strategy is to develop low capex, high margin assets with expansion opportunities while continuing to pursue complementary strategic acquisitions.

For Further Information Please Contact:

Minera Alamos Inc.

Doug Ramshaw, President

Tel: 416-306-0990

Email: dramshaw@mineraalamos.com

Website: www.mineraalamos.com

Caution Regarding Forward-Looking Statements:

This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain "forward-looking statements", which often, but not always, can be identified by the use of words such as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos' future plans with respect to the Projects, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur and the expected timing for release of a resource and reserve estimate on the Projects. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, the economics of processing methods, project development, reclamation and capital costs of Minera Alamos' mineral properties, the ability to complete a preliminary economic assessment which supports the technical and economic viability of mineral production could differ materially from those currently anticipated in such statements for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in such statements for many reasons such as: an inability to finance and/or complete an updated resource and reserve estimate and a preliminary economic assessment which supports 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 news 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 statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos' forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49997