Minera Alamos Shareholders Approve Strategic Initiatives at AGM

Minera Alamos Inc. (TSXV: MAI) recently held its Annual & Special General Meeting (AGM) on February 28th, 2025, where shareholders overwhelmingly approved all proposed items, demonstrating strong support for the company's strategic direction and management team. The AGM saw a high voter turnout, with 42.07% of total shares participating, representing 210,743,111 common shares.

Shareholders voted in favor of re-electing all five board nominees: Darren Koningen, Doug Ramshaw, Bruce Durham, Ruben Padilla, and Kevin Small. This vote of confidence reflects the shareholders' satisfaction with the current management team's performance and vision for the company. Additionally, shareholders ratified McGovern Hurley LLP as the Company's auditors and approved the adoption of the Omnibus Incentive Plan.

The Omnibus Incentive Plan is designed to align employee interests with those of shareholders by providing equity-based incentives for eligible employees. This plan allows for the granting of stock options, restricted share units, and performance share units, which can motivate employees to work harder and smarter to increase the Company's value. By offering competitive compensation packages that include equity-based incentives, Minera Alamos can attract and retain top talent in the industry, ultimately driving the Company's growth prospects.

Minera Alamos' strategy is to develop very low capex assets while expanding the projects' resources and continuing to pursue complementary strategic acquisitions. The Company has a portfolio of high-quality Mexican assets, including the 100%-owned Santana open-pit, heap-leach mine in Sonora, which 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 is 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.

In conclusion, the strong shareholder support for Minera Alamos' strategic initiatives and management team at the AGM reflects the Company's positive outlook and growth prospects. By approving the Omnibus Incentive Plan and re-electing the board of directors, shareholders have demonstrated their confidence in the Company's ability to execute its strategic vision and create value for all stakeholders.