MINERA ALAMOS ANNOUNCES STRATEGIC PARTNERSHIP WITH OSISKO GOLD ROYALTIES, CONCURRENT PRIVATE PLACEMENT AND CORPORATE UPDATE

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Toronto, Ontario, May 30, 2017 – Minera Alamos Inc. (TSXV: MAI) (the “Company” or “Minera Alamos”) is pleased to announce that the Company has entered into and completed an agreement with Osisko Gold Royalties Ltd (“Osisko”), pursuant to which Osisko has purchased, on a private placement basis, 22,045,000 common shares of the Company (the “Common Shares”) at a price of $0.15 per Common Share (the “Issue Price”) for gross proceeds of $3,306,750 (the “Osisko Placement”). As a result of the Osisko Placement, Osisko owns approximately 19.9% of the common shares of Minera
Alamos on a non-diluted basis.
Concurrent to the Osisko Placement, Minera Alamos is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood Securities”), as lead agent on behalf of a syndicate of agents (collectively, the “Agents”), pursuant to which the Agents have agreed to sell, on a best efforts private placement basis, up to 23,333,333 Common Shares at the Issue Price, for additional gross proceeds of up to $3,500,000 (the “Brokered Offering” and together with the Osisko Placement, the
“Financings”). Minera Alamos has granted the Agents an option, exercisable in whole or in part by the Agents at any time up to 48 hours prior to the closing of the Brokered Offering, to sell up to an additional 20% of the Brokered Offering in Common Shares at the Issue Price.

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