Minera Alamos Inc. announced the completion of a resource estimate prepared for the 100% owned Los Verdes North Copper-Molybdenum deposit in Sonora Mexico. The new estimate has confirmed the presence of a second significant source of near surface copper/molybdenum/silver mineralization in addition to the Company's Los Verdes South Deposit which has been the focus of a Preliminary Economic Assessment ("PEA"). Given the robust results compiled to date, the Company will be incorporating the new resource into the Preliminary Economic Assessment update currently being completed.

A preliminary mine plan is underway and expected to be included with the new PEA now scheduled for completion later in first quarter 2016. Resource Highlights: Approximately 1 million tonnes of Indicated resource material located around the historic Buenavista mine workings and based only on the results from an initial Phase 1 drill campaign. Average Indicated resource grades of 0.72% Cu (copper), 0.09% Mo (molybdenum) and 10 g/t Ag (silver) - 1.1% copper equivalent -- have been confirmed using an in-situ metal cutoff value of 0.50% copper equivalent ("CuEq").

This cutoff is similar to the 0.45% Cu equivalent utilized for the South Deposit in the previous study; Similar metal contents to those seen at the Company's South Deposit with the same opportunities to identify higher grade "starter-pit" scenarios (1.5% to 2% copper equivalent) for mining. The deposit remains open and plans are underway to outline a Phase 2 drill program aimed at extending the mineralized envelope in the direction of the historic La Providencia mine located approximately 200m away. Work has now commenced in the following areas, the results of which will be incorporated in the upcoming Preliminary Economic Assessment.

Sample material collected from the North Deposit is undergoing confirmatory ore sort and metallurgical testing to ensure that it behaves in a manner similar to that experienced at the South Deposit; The preparation of a new mine plan for the North Deposit; Amendments to permit submissions to include the possibility of immediate mining at the North Deposit.