Toronto, Ontario--(Newsfile Corp. - April 26, 2024) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce the execution of merger agreements between Minera's Mexican subsidiary, Cobre 4H de Sonora de Mexico ("Cobre"), and Minera Gold Copper de Sonora, S. DE R.L. de C.C ("Minera Gold Copper") an arms-length Mexican company. Pursuant to the agreements, share ownership in the Cobre subsidiary will be divided between Minera Alamos (50%) and the existing shareholders of Minera Gold Copper (50%). The combined subsidiary will now own Minera's Los Verdes and Potreritos copper projects as well as Minera Gold Copper's Suaqui Verde copper project as well as certain rights to additional surrounding claims associated with the Suaqui Verde copper district.

The acquisition of the Suaqui Verde project complements the Company's Los Verdes and Potreritos copper projects and is a key project in a pipeline of low capital intensity copper development assets that have the potential to form a regional copper production "hub." Ultimately this merger will form the basis of a new copper company initially incubated and funded at the subsidiary level, with the potential to become a public, independently run copper development and production entity.

Highlights of Acquisition (update)
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