MAI.V · 2018-10-11 12:00:00

Minera Alamos Drills 93.5 Metres of 0.65 g/t Gold From Surface at Santana Project Initial Results from First Exploration Drilling since 2011

Drill Results

Minera Alamos Drills 93.5 Metres of 0.65 g/t

Gold From Surface at Santana Project

Initial Results from First Exploration Drilling since 2011

TORONTO

and

VANCOUVER

Oct. 11, 2018

/CNW/ -

Minera Alamos Inc. (the "Company" or

"Minera Alamos") (TSX VENTURE:MAI)

is pleased to report the initial 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 first three holes were drilled near or within the

Nicho deposit and were intended to evaluate mineralized extensions of previous exploration

programs. All drill holes encountered zones of disseminated gold mineralization. Initial results

support the Company's long held belief that there are numerous exploration targets in the Santana

project area that could add significantly to the ongoing development plans of a proposed heap

leach

operation currently awaiting receipt of commercial-scale permits from the Mexican authorities (see

release dated

July 26

, 2018).

Drilling Highlights:

Hole S118-116 –

93.5 m

of 0.65 g/t Au (from surface)

Hole S118-115 –

17.8 m

of 0.73 g/t Au

Hole S118-114 –

15.5 m

of 0.27 g/t Au; and

14.9 m

of 1.4 g/t Au

"In addition to near-term production potential, a criteria for all of the projects in the Company's

development portfolio is that the concession areas contain significant exploration upside. While we

have been aggressively pursuing production permits our exploration team has been working in

parallel to expand geological models and target high priority areas for resource expansion potential."

stated

Darren Koningen

, CEO of

Minera Alamos

. "These very encouraging drill results at the

Santana project are the start of an ongoing exploration program designed to demonstrate the

significant untapped value contained in our development assets".

Hole S118-116 was a step-out hole to assess the continuity of the southwest mineralization in the

main Nicho zone (see Figure 1). The hole returned

93.5m

of 0.65 g/t gold starting from just below

the topographic surface. The application of a typical open pit heap leach cut-off grade of 0.15 g/t

results in

+60 m

of mineralization containing approximately 1 g/t gold (see Table 1).

Holes S118-114 and S118-115 were targeted to examine a satellite zone of gold mineralization

located immediately to the northeast of the Nicho deposit and its potential continuity with the main

gold system. Both holes intersected multiple zones of gold mineralization. The new data is currently

being interpreted in the context of the updated geological model for the deposit and the area will be

the target of follow-up efforts as part of the Phase 2 drill program.

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

approximately

1500m

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

southwest extensions of the Nicho deposit (see figure 2), in advance of mine planning activities in

addition to new zones of mineralization located north of the main Nicho deposit.

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

14.0

29.5

15.5

0.27

S118-114

And

66.2

81.1

14.9

1.40

Nicho Satellite

And

107.2

117.0

9.8

0.65

And

145.5

172.0

26.5

0.21

S118-115

8.2

26.0

17.8

0.73

Nicho Satellite

And

61.0

73.8

12.8

0.17

And

123.9

129.5

5.6

0.24

0.90

S118-116

2.0

95.5

93.5

0.65

0.97

Nicho

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 seven holes and the results, as well as addition

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 approved the scientific and technical disclosures in this news

release.

Figure 1 – Drill section (CNW Group/Minera Alamos Inc.)

Figure 2 – Drill Location Plan (CNW Group/Minera Alamos Inc.)

About

Minera Alamos

is an advanced stage exploration and development company. Its growing portfolio of

high-grade Mexican projects includes the

La Fortuna

open pit gold project in Durango and the

Guadalupe de los Reyes gold/silver project in

Sinaloa

as well as the now combined Santana/Los

Verdes gold-copper project in

Sonora

. The Company is well financed to conduct all of its planned

exploration and development activities and continues to pursue additional project acquisitions in

Latin

America

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/October2018/11/c3973.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 09:00e 11-OCT-18

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