Minera Alamos Inc. (the "Company" or "Minera Alamos") (TSX VENTURE:MAI) announced today the closing of the first tranche of the brokered private placement announced on April 28, 2015, for gross proceeds of $558,680 (the "Private Placement") with IBK Capital Corp. The Company issued 5,586,800 units at a price of $0.10 per unit (the "Units") in this first tranche. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per share and is exercisable for a period of four years from the closing of the offering.

The Company is also very pleased to announce that the total Private Placement of $2,800,000 is now fully subscribed with the final closing scheduled for early June.

"We are overwhelmed at the response we have received in respect to this financing," said Chris Frostad, President and CEO Minera Alamos Inc. "Our new approach to the development of the Los Verdes project has resulted in a heightened level of confidence in our ability to deliver cash flows in the near term."

As certain directors and officers of the Company participated in the Private Placement, this Private Placement constitutes a related party transaction under Multilateral Instrument 61-101 ("MI 61-101") and TSX Venture Exchange Policy 5.9. The Company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101, based on a determination that the securities of the Company are listed on the TSX Venture Exchange only and that the fair market value of the Private Placement, insofar as it involved interested parties, does not exceed 25% of the market capitalization of the Company at the time the Private Placement was initially announced. No new insiders have been created, nor has there been any change of control as a result of the Private Placement. The Company did not file a material change report 21 days prior to the closing of the Private Placement which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.

This offering was carried on a private placement basis pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.

All securities issued in connection with this offering are subject to a four-month-and-one-day hold period expiring on September 27, 2015, pursuant to applicable securities legislation and the rules of the TSX Venture Exchange.

No commissions were paid with respect to the closing of the first tranche.

The proceeds of the private placement will be used by the Company for debt reduction, to evaluate an initial production decision on the Corporation's Los Verdes copper and molybdenum project in Sonora, Mexico and for general working capital purposes.

About Minera Alamos

Minera Alamos is a junior exploration and development company; its projects include the Los Verdes open pit copper-molybdenum porphyry project in Sonora, northern Mexico that is currently in development. Additional information regarding the Company's plans and the Los Verde project can be found at www.mineraalamos.com.

About IBK Capital Corp.

IBK Capital is an independent and privately owned investment banking firm based in Toronto, which offers a full range of financial advisory services. Such services include private placements of equity and debt, going public by way of reverse take-over, merger, acquisition and divestiture advisory services, valuations, fairness opinions and take-over defense planning.

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