Toronto, Ontario–(Newsfile Corp. – January 31, 2023) – Minera Alamos Inc. (TSXV: MAI) (“Minera” or the “Company”) is pleased to provide an update following the completion of the Company’s 2022 endof-year planning reviews and meetings. The Company met its initial thresholds for commercial production at Santana during 2022 including criteria related to gold recoveries from the heap leach pad as well as monthly mining rates in the second half of 2022. Final approvals are pending for the next
phase of pad expansion that should more than triple the leach pad capacity at the Santana mine in addition to providing full access to the Nicho deposits which have grown in size as a result of the 2019 and 2020 drilling campaigns subsequent to the project’s initial permit approvals for the start of mining operations. These applications were resubmitted in the second half of 2022 after modifications to comply with new requirements related to reductions in greenhouse gas emissions via programs of surface reforestation