Minera Alamos Initiates Fast -Track Development Activities for La Fortuna Gold Project and Expands Management Team
Minera Alamos Inc.
July 25, 2017
Minera Alamos Initiates Fast -Track Development Activities for La Fortuna Gold
Project and Expands Management Team
TORONTO, ONTARIO -- (Marketwired – July 25, 2017)
Minera Alamos Inc. (TSX VENTURE:MAI) (the " Company" or "Minera Alamos") is pleased to
announce it has engaged Especialistas en Ciencias de la Tierra (“ ECT” – Earth Sciences
Specialists) to complete the detailed work required for the tailings containment facilities at
the Company’s La Fortuna gold project. ECT is one of Mexico’s most prestigious consulting
groups consisting of a team of specialists with over 35 years of experience in providing
geotechnical design services for the mining industry. The completion of the final tailings
study would represent a critical milestone on the development schedule for the La Fortuna
project.
“The financial support provided by our recently an nounced strategic alliance with Os isko
Gold Royalties and the subsequent private placement allow s the Company to fast -track the
development cycle for the La Fortuna p roject,” said Darren Koningen, President and CEO of
Minera Alamos. “Bringing ECT onboard now allows us to complete this critical stage of
design so that development schedules for the project can be compressed once a formal
construction decision is made . Our next critical milestone is the submission of the permit
application documents for the project in the coming weeks. In addition, we are extremely
pleased to announce key additions to our management group as we transition towards
construction and operations . The extended capabilities of our technical team are also
critical to support our goal of expanding the Company’s development and production profile
through additional acquisitions in the short term.”
Effective August 1, 2017, Chris Chadder will be taking over the role of Chief Financial Officer
(“CFO”). Mr. Chadder is a Certified Publi c Accountant with 20+ years’ experience as a
business advisor and senior officer to junior resource companies. He has diversified mining
sector experience and served in senior executive roles at companies in various stages of the
mining cycle. In the last 10 years Mr. Chadder’s management experience includes critical
roles with the development and commissioning of three mines, including two gold mines .
The Company’s current CFO – Janet O’Donnell – will be stepping down to dedicate additional
time to other business ventures. Ms. O’Donnell will remain as an advisor with the Company
during the transition period to ensure a timely and efficient changeover.
Joel Sanchez Campos will also be joining the Company ’s Mexican technical team in the role
of Seni or Mining Engineer . Mr. Sanchez has worked previous ly with the senior technical
group for Minera Alamos and is an experienced mining engineer with extensive construction
and start -up experience at numerous gold projects in Mexico including La Trinidad
(Eldorado), El Magistral (Queenstake), Ocampo (Gammon Lake) and La Escondida (Alamos
Gold). His role with the Company will be to manage critical site activities related to the
development of La Fortuna as well as to assist with efforts aimed at making additi onal
acquisitions to expand the Company’s overall growth profile.
About Minera Alamos
Minera Alamos is a junior exploration and development company. Its growing portfolio of
high-grade Mexican projects includes the La Fortuna open pit gold project in Dura ngo and
the Los Verdes open pit copper-molybdenum project in Sonora.
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.
CONTACT INFORMATION:
Minera Alamos Inc.
Patrick Piette
Investor Relations
(416) 306-0990 ext. 203
www.mineraalamos.com
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 resp ect to Minera
Alamos’ future plans, objectives or goals, to the effect that Minera Alamos or management
expects a stated condition or result to occur, including funding and exercise of roya lty
options contemplated under the Investment Agreement with Osisko Gold Royalties Ltd, on
the terms provided for therein or at all, the expected timing for release of an updated
resource and reserve estimate and a preliminary economic assessment on Fortuna and
whether or not the assessment will conclude that mineral prod uction is feasible on a
technical or economic basis, and the ability to successfully develop other mineral exploration
properties now or in the future. 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, closing, results of
exploration, the economics of processing methods, project development, reclamation and
capital costs of Minera Alamos’ miner al properties, the ability to complete a preliminary
economic assessment which supports the technical and economic viability of mineral
production, Minera Alamos’ financial condition and prospects, could differ materially from
those currently anticipated i n such statements for many reasons such as: the absence of
funding resulting from a determination by Osisko Gold Royalties Ltd not to exercise the
royalty options contemplated under the Investment Agreement on the terms provided for
therein or at all; 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 fin ancial 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.