Minera Alamos Completes Share Consolidation

Rhea-AI Summary

Minera Alamos (OTCQX: MAIFF) completed a 10-for-1 share consolidation effective January 5, 2026. The consolidation converts every ten pre-consolidation common shares into one post-consolidation common share.

Following the consolidation the company has 108,043,726 common shares issued and outstanding. All outstanding warrants and incentive stock options were adjusted: their exercise prices were increased by a factor of ten and the number of common shares issuable on exercise was divided by ten. Post-consolidation trading on the TSX Venture Exchange began at market open on January 5, 2026.

Positive

• Completed a 10-for-1 share consolidation effective January 5, 2026
• Issued and outstanding shares now 108,043,726
• Warrants and options adjusted: exercise price ×10, shares issued ÷10

Negative

• None.

News Market Reaction – MAIFF

+10.77%

1 alert

+10.77% News Effect

On the day this news was published, MAIFF gained 10.77%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Toronto, Ontario--(Newsfile Corp. - January 5, 2026) - Minera Alamos Inc. (TSXV: MAI) (OTCQX: MAIFF) ("Minera Alamos" or the "Company") is pleased to announce that, pursuant to its news release dated December 30, 2025, the Company's common shares have been consolidated at a ratio of ten pre-consolidation shares to one post-consolidation share (the "Consolidation"). The common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open today, January 5, 2026.

The Company now has 108,043,726 common shares issued and outstanding, and all outstanding warrants and incentive stock options have been adjusted to increase their exercise price by a factor of ten and to reduce the number of common shares issued upon exercise by dividing by ten.

About Minera Alamos

Minera Alamos is a growing North American gold production and development Company. The Company owns the Pan Operating Complex, comprised of 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 Country, 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%-owned Santana open-pit, heap-leach mine in Sonora. The 100%-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%-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.

For Further Information Please Contact:

Darren Blasutti, EVP Corporate Development
416-306-0990 ext 208
dblasutti@mineraalamos.com

David Stewart, VP Capital Markets & Strategy
647-294-8361
dstewart@mineraalamos.com

Website: www.mineraalamos.com

Caution Regarding Forward-Looking Statements

This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All information herein, other than information of historical fact, constitutes forward-looking information. Forward-looking information is frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. This information is based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management's expectations.

The forward-looking information is based on assumptions and addresses future events and conditions that, by their very nature involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in forward-looking information for many reasons. Minera Alamos' financial condition and prospects could differ materially from those currently anticipated in forward-looking information for many reasons such as: an inability to receive requisite permits for mine operation, exploration or expansion; an inability to finance and/or complete updated resource and reserve estimates and technical reports which support the technical and economic viability of mineral production; changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with Minera Alamos' activities; and other matters discussed in this press release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Minera Alamos' forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on Minera Alamos' forward-looking information. Minera Alamos does not undertake to update any forward-looking information that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279431

FAQ

What consolidation ratio did Minera Alamos (MAIFF) implement on January 5, 2026?

Minera Alamos implemented a 10-for-1 share consolidation effective January 5, 2026.

How many common shares does Minera Alamos (MAIFF) have outstanding after the consolidation?

After the consolidation Minera Alamos has 108,043,726 common shares issued and outstanding.

How were Minera Alamos warrants and stock options adjusted after the consolidation?

All outstanding warrants and incentive stock options had their exercise price increased by 10× and the number of shares issuable divided by 10.

When did Minera Alamos (MAIFF) begin trading on a post-consolidation basis?

The common shares began trading on a post-consolidation basis on the TSX Venture Exchange at market open on January 5, 2026.

Will the consolidation change the total number of shares held by existing shareholders of Minera Alamos (MAIFF)?

The consolidation converts every ten pre-consolidation shares into one post-consolidation share; it does not create or destroy proportional ownership percentages.

Does the consolidation change the exercise economics of Minera Alamos (MAIFF) warrants and options?

Exercise prices were increased by a factor of ten and the number of shares issuable was divided by ten, preserving the aggregate exercise value per instrument.