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MAI.V ·

Minera Alamos Completes Share Consolidation

Corporate Actions

Minera Alamos Completes Share

Consolidation

Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Minera Alamos Inc.

(TSXV: MAI) (OTCQX:

MAIFF)

("

Minera Alamos

" or the "

Company

") is pleased to announce that, pursuant to its news release

dated December 30, 2025, the Company's common shares have been consolidated at a ratio of ten

pre-consolidation shares to one post-consolidation share (the "

Consolidation

"). The common shares

will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open today,

January 5, 2026.

The Company now has 108,043,726 common shares issued and outstanding, and all outstanding

warrants and incentive stock options have been adjusted to increase their exercise price by a factor of

ten and to reduce the number of common shares issued upon exercise by dividing by ten.

About Minera Alamos

Minera Alamos is a growing North American gold production and development Company. The Company

owns the Pan Operating Complex, 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 Country, 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

[email protected]

David Stewart, VP Capital Markets & Strategy

647-294-8361

[email protected]

Website:

www.mineraalamos.com

Caution 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/279431