Mr. Darren Blasutti reports

MINERA ALAMOS ANNOUNCES SECONDARY MARKET PURCHASE OF ITS SHARES BY GROUP OF STRATEGIC INVESTORS

A subsidiary of Equinox Gold Corp. (seller) has entered into definitive agreements for the sale of 9,680,281 common shares of Minera Alamos Inc. to a group of strategic investors including Darren Blasutti, Minera Alamos' executive vice-president, corporate development. The shares are being sold at a price of $5.80 per share for gross proceeds to the seller in the amount of $56,145,630, with Mr. Blasutti purchasing 517,242 shares for $3.0-million. Closing is anticipated to occur in early February, 2026.

The shares were originally issued to the seller as partial consideration for the company's acquisition of the Pan operating complex in White Pine county, Nevada, as announced in the company's news release dated Oct. 1, 2025.

About Minera Alamos Inc.

Minera Alamos is a growing North American gold production and development company. The company owns the Pan operating complex in White Pine county, Nevada, comprising the Pan heap leach gold mine and the adjacent fully permitted Gold Rock project, as well as the nearby past-producing Illipah project. The company also owns the Copperstone mine and associated infrastructure in La Paz county, Arizona, an advanced development asset with a permitted mine plan of operations (MPO) that can be developed in parallel with planned project advancements in Mexico. The company maintains a portfolio of high-quality Mexican assets, including the 100-per-cent-owned Santana open-pit, heap-leach mine in Sonora. The 100-per-cent-owned Cerro de Oro oxide gold project in northern Zacatecas has considerable past drilling and metallurgical work completed and the company's proposed mining project is currently being guided through the permitting process by the company and its permitting consultants. The La Fortuna open pit gold project in Durango (100 per cent owned) has a positive, robust PEA completed and the main federal permits are in place. Minera Alamos is built around its operating team that together brought three open pit heap leach gold mines into successful production in Mexico over the last 14 years. The company's strategy is to become a leading, Americas-focused intermediate gold producer by growing production at its Pan operating complex and developing its pipeline of high-quality, low-capital projects while expanding gold resources across its portfolio.

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