MAI.V · 2018-10-17 12:00:00

Minera Alamos drills 80.4 metres of 1.05 g/t gold from near surface at Santana project, Sonora, Mexico

Drill Results

Minera Alamos drills 80.4 metres of 1.05 g/t

gold from near surface at Santana project,

Sonora, Mexico

TORONTO

and

VANCOUVER

Oct. 17, 2018

/CNW/ -

Minera Alamos Inc. (the "Company" or

"Minera Alamos") (TSX VENTURE:MAI)

is pleased to report the second round of results from its

Phase 1 drill program at the Santana gold project,

Sonora, Mexico

. The 2018 drill program is the

first exploration drilling to be conducted at Santana since 2011. The new holes drilled were intended

to evaluate the southwest extension of the Nicho main zone which was previously intersected by

Hole S118-116 – see news release "

Minera Alamos Drills 93.5 Metres of 0.65 g/t Gold from

Surface at Santana Project

" dated

October 10

, 2018. All drill holes analyzed to date continue to

encounter zones of disseminated gold mineralization.

Drilling Highlights:

Hole S18-117 –

80.4 m

of 1.05 g/t Au

Hole S18-118 –

8.0 m

of 1.0 g/t Au; and

24.5 m

of 0.81 g/t Au

"The recent drill results continue to demonstrate the potential for growth of the mineralization

contained within the Nicho deposit and we expect these results to have a positive impact on the

ongoing pit design." stated

Darren Koningen

, CEO of

Minera Alamos

. "While we continue to expand

the footprint of the Nicho zone we also look forward to pending drill results from new areas to the

north of the proposed open pit".

Holes S18-117 (60-degree inclination) and S18-118 (45-degree inclination) were step-out holes

designed to further assess the southwest extensions of the main Nicho zone (see Figure 1). Hole

S18-117 returned

80.4m

of 1.05 g/t gold starting approximately

10 m

below surface. The application

of a typical open pit heap leach cut-off grade of 0.15 g/t results in

42 m

of mineralization containing

approximately 1.96 g/t gold (see Table 1). Hole S18-118 returned several intervals of disseminated

gold mineralization including

8 m

of 1.0 g/t gold from surface and a broader

24.5m

of 0.81 g/t gold

starting

48m

down hole. The results from these two holes not only expand the mineralization to the

southwest but demonstrate that Nicho remains open for further expansion.

Hole S18-119 was positioned further southwest along the mineralized topographic ridge that hosts

the Nicho gold mineralization. The hole passed through a large interval of porphyritic andesite similar

to that of the host rock for holes S18

116/117/118 with multiple zones of gold mineralization as listed

in Table 1. The data confirms that this lithological unit appears to remain open and addition drilling

has been targeted in this area.

The Phase 1 drilling program has now concluded with the completion of ten holes totalling

approximately

1500 m

. The remaining holes yet to be reported include further testing of the

southwest extensions of the Nicho deposit (see Figure 1) as well as areas to the north of the Nicho

zone. Planning of the Phase 2 drill program will begin once the remaining drilling results have been

received and interpreted.

Table 1 – Mineralized intervals from 2018 Santana Project drill program

Mineralized Interval

1,2

Composite Interval

Drill Hole

From (m)

(m)

Width

(m)

Gold (g/t)

Width

(m)

Gold

(g/t)

Area

S18-117

19.3

99.7

80.4

1.05

42.0

1.96

Nicho

S18-118

2.5

10.5

8.0

1.0

Nicho

And

48.5

73.0

24.5

0.81

And

90.0

103.6

13.6

0.29

S18-119

1.3

10.7

9.4

0.14

Nicho

And

20.5

34.9

14.4

0.33

And

77.9

82.5

4.6

0.25

Notes:

Grades/widths of mineralized intervals represent complete "from" "to" drill depths as shown.

All holes were drilled at 45-60 degree inclinations designed to be roughly perpendicular to the

estimated dip of mineralized structures. Based on current understanding of the geological

structures, true widths of the mineralized zones are expected to be 80-90% or greater of the

drill widths outlined in the table above.

Grade/width of composite intervals is a total of all mineralized intervals that have gold grades

equal to or in excess of "typical" open-pit mining heap leach cut-off grades of 0.15 g/t gold.

Assay results are pending from the remaining four holes; the results, as well as additional geological

interpretations, will be released as they are received over the coming weeks. All diamond drill

samples were collected by

Minera Alamos

personnel including the Company's exploration

geologists. Drill core samples were cut in half and divided into 1-

2 m

intervals. One half of the

sample was bagged for analysis and the remaining half was logged by

Minera Alamos

personnel

and stored for future reference. Blanks, duplicates, and standards were randomly inserted with the

samples sent for analysis as part of the normal QA/QC procedures.

All samples were prepared and analyzed for gold using fire assaying with AA/gravimetric finish. All

samples were sent for sample preparation at the ALS-Chemex facility in

Hermosillo, Mexico

Mr.

Darren Koningen

, P. Eng.,

Minera Alamos'

CEO, is the Qualified Person responsible for the

technical content of this press release under National Instrument 43-101. Mr. Koningen has

supervised the preparation of, and has approved the scientific and technical disclosures in this news

release.

Figure 1 - Drill Location Plan (CNW Group/Minera Alamos Inc.)

About

Minera Alamos

is an advanced-stage exploration and development company with a growing portfolio

of high-quality Mexican assets, including the

La Fortuna

open-pit gold project in Durango with

positive PEA completed, the Santana open-pit heap-leach development project in

Sonora

with test

mining and processing completed and the

Guadalupe

Los Reyes

open-pit gold-silver project in

Sinaloa

with mine planning in progress.

The Company's strategy is to develop low capex assets while expanding the project resources and

pursue complementary strategic acquisitions.

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.

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.

SOURCE

Minera Alamos Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/October2018/17/c5901.html

%SEDAR: 00009698E

For further information:

Minera Alamos Inc., Doug Ramshaw, President, Tel: 604-600-4423,

Email: [email protected], Website: www.mineraalamos.com

CO: Minera Alamos Inc.

CNW 09:21e 17-OCT-18

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