Minera Alamos Announces Results of Annual and Special General Meeting

Rhea-AI Summary

Minera Alamos (TSXV: MAI) held its Annual & Special General Meeting on February 28th, 2025, in Toronto, with shareholders showing strong support for all proposed items. 42.07% of total shares participated in the voting, representing 210,743,111 common shares.

Shareholders approved the re-election of all five board nominees: Darren Koningen, Doug Ramshaw, Bruce Durham, Ruben Padilla, and Kevin Small. Additionally, they ratified McGovern Hurley LLP as the Company's auditors and approved the adoption of the Omnibus Incentive Plan.

Toronto, Ontario and Vancouver, British Columbia--(Newsfile Corp. - March 5, 2025) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") is pleased to announce the results of voting at its Annual & Special General Meeting of Shareholders ("AGM") held Friday, February 28^th, 2025 in Toronto, Canada.

Shareholders voted overwhelmingly in favour of all items put forward by the Board of Directors and Management. All five of the individuals nominated for the board of directors, namely Darren Koningen, Doug Ramshaw, Bruce Durham, Ruben Padilla and Kevin Small received the support of the Company's shareholders to continue in their roles for the forthcoming year.

Shareholders also voted in favour of:

• Ratifying the appointment of McGovern Hurley LLP as Auditors of the Company for the ensuing year and authorizing directors to fix the remunerations of the auditors; and
• Ratifying and approving the adoption of the Omnibus Incentive Plan.

A total of 210,743,111 Minera Alamos common shares were voted, representing 42.07% of total shares issued and outstanding as at the record date of the meeting.

For Further Information Please Contact:

Minera Alamos Inc.

Doug Ramshaw, President 
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com

Victoria Vargas de Szarzynski, VP Investor Relations
Tel: 289-242-3599
Email: vvargas@mineraalamos.com

Website: www.mineraalamos.com

About Minera Alamos Inc.

Minera Alamos is a gold production and development Company. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora that is currently going through the start-up of operations at the new Nicho Main deposit. The 100%-owned Cerro de Oro oxide gold project in northern Zacatecas has considerable past drilling and metallurgical work completed and the proposed mining project is currently being guided through the permitting process by the Company's permitting consultants. The La Fortuna open pit gold project in Durango (100%-owned) has a positive, robust preliminary economic assessment (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. Minera Alamos also wholly-owns the Copperstone mine and associated infrastructure in La Paz Country, Arizona, an advanced development asset with a permitted plan of operations that can be developed in parallel with planned project advancements in Mexico.

The Company's strategy is to develop very low capex assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243460

FAQ

What was the voter turnout at Minera Alamos (MAIFF) 2025 AGM?

The voter turnout was 42.07% of total shares, representing 210,743,111 common shares.

Who are the board members approved at Minera Alamos (MAIFF) 2025 AGM?

Shareholders approved Darren Koningen, Doug Ramshaw, Bruce Durham, Ruben Padilla, and Kevin Small as board members.

What key proposals were approved at Minera Alamos (MAIFF) 2025 AGM?

Shareholders approved the board nominations, appointed McGovern Hurley LLP as auditors, and ratified the Omnibus Incentive Plan.

When and where was Minera Alamos (MAIFF) 2025 AGM held?

The AGM was held on February 28th, 2025, in Toronto, Canada.