Aloro Enters Into An Option Agreement With Alamos Gold Inc.

Aloro_201020

ALORO MINING CORP. – (the “Company or Aloro”) is pleased to announce that it has entered into an option agreement (the “Option Agreement”) with Alamos Gold Inc. (“Alamos”), a Toronto Stock Exchange and New York Stock Exchange listed issuer. Alamos may acquire a 70% interest from Aloro by incurring an aggregate of USD$5,000,000 in exploration expenditures and making certain cash payments over the course of three years in two mining concessions (title numbers 244241 and 246230), commonly known as the Los Venados Project (the “Project”) located in the Municipality Sahuaripa, in the State of Sonora, Mexico (the “Transaction”).

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