Minera Alamos Inc. Provides Plans Regarding La Fortuna Gold Project

TORONTO, ONTARIO--(Marketwired - Feb. 10, 2016) - Minera Alamos Inc. (TSX VENTURE:MAI) (the "Company" or "Minera Alamos") today provided additional details regarding their acquisition of the La Fortuna Gold Project located in Durango Mexico ("La Fortuna") announced in their press release dated January 18, 2016.

"One of the primary factors in our decision to acquire La Fortuna is its advanced stage of development," said Chris Frostad, Minera Alamos' CEO. "The scope of previous test work that is available gives us a significant head start on the development timeline. We expect to be able to complete a Preliminary Economic Assessment ("PEA") of La Fortuna by this summer."

"The ability to pre-concentrate the gold mineralization at La Fortuna using crushed rock sorting equipment presents a number of interesting opportunities for the project", said Darren Koningen, President of Minera Alamos. "It appears that sorting equipment can effectively reject coarse crushed rock containing less than 0.6-0.8 g/t gold which would reduce the amount of material needing to be processed for gold recovery by 75% or more. Obviously this could have significant and positive impact the overall project economics."

Highlights:

• Comprehensive mineralogical analyses demonstrating that the gold in the deposit occurs as free grains;
• Metallurgical testwork demonstrating the potential for exceptional recoveries⁽¹⁾ by most common gold recovery techniques including gravity (~90%) and cyanide leaching (98%);
• Heap leach recoveries in excess of 60% with the potential to increase recoveries further through fine crushing (< 1/4");
• Ore sorting testwork completed on production scale equipment has demonstrated the potential for +90% gold recoveries with approximately 25% mass recovery from coarse crushed rocks (approx. 1-1.5");
• Ability to recover +95% of gold from coarsely ground mineralize rock (+200 microns) into a flotation concentrate with only 10-15% of the original rock mass;
• Work has now commenced to identify capital equipment required for the preparation of the PEA. Minera Alamos would like to take advantage of the surplus of used equipment currently available Mexico and North America;
• The Company intends to target the release of the PEA in Q3 of 2016.

La Fortuna Project