Minera Alamos is an advanced-stage exploration and development company. Its growing portfolio of high-quality Mexican projects includes the La Fortuna open-pit gold project in Durango and the Guadalupe de los Reyes gold/silver project in Sinaloa. The company is well financed to conduct its planned exploration and development activities, and it continues to pursue additional project acquisitions in Latin America.

1. BUILDING THE NEXT LEADING MEXICAN PRECIOUS
METALS COMPANY
TSXV: MAI
TSXV: CGE
March 2018

2. 2
Disclaimer
This presentation contains certain “forward-looking statements”. All statements, other than statements of historical fact, that address activities,
events or developments that Minera Alamos believes, expects or anticipates will or may occur in the future are forward-looking statements.
Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”,
“expect”, and “intend” and statements that an event or result “may”, “will”, “can”, “should”, “could”, or “might” occur or be achieved and other similar
expressions.
These forward-looking statements reflect the current internal projections, expectations or beliefs of Minera Alamos based on information currently
available to Minera Alamos. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time
in filings made by Minera Alamos with securities regulatory authorities, that may cause the actual results of Minera Alamos to differ materially from
those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance
that they will have the expected consequences to, or effects on Minera Alamos.
Minera Alamos expressly disclaims any obligation to update or revise any such forward-looking statements. This presentation is not for distribution to
United State newswire services and not for dissemination in the United States. The securities discussed herein have not been and will not be
registered under the United States Securities Act of 1933 (the “US Securities Act”), as amended, or the securities laws of any state and may not be
offered or sold in the United States or to US persons (as defined in Regulation S of the US Securities Act) unless an exemption from registration is
available.
The Preliminary Economic Assessments (PEA) discussed in this presentation are preliminary in nature, includes inferred mineral resources that are
considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral
reserves, and there is no certainty that the preliminary economic assessment will be realized. Economic studies will need to be completed prior to
accurate guidance and projections can be provided.
Darren Koningen, P. Eng., President of Minera Alamos is the Qualified Person (within the meaning of National Instrument 43-101) responsible for the
information contained in this presentation. To the best of knowledge, information and belief of Minera Alamos, there is no new material scientific or
technical information that would make the disclosure of the mineral resources set out in the this presentation that is inaccurate or misleading.
For further information on the technical data provided in this presentation, including the key assumptions underlying the mineral resource herein, data
verification, quality assurance program, quality control measures applied, risks and uncertainties please refer to the SEDAR filings of Minera Alamos,
Argonaut Gold Inc. and Vista Gold as listed below:
• NI 43-101 Technical Report titled “Preliminary Economic Assessment of Guadalupe de los Reyes Gold Silver Project” by Tetra Tech, dated
March 4, 2013, Amended and Restarted: July 3, 2014
• NI 43-101 Technical Report titled “Los Verdes Cu/Mo Project Preliminary Economic Assessment” by Darren Koningen, P.Eng., dated May 23,
2012
• NI 43-101 Technical Report titled “La Fortuna Project, Durango Mexico, Updated Technical Report Re-Issued to Minera Alamos Inc.” by Toren K.
Olson, P.Geo., dated May 30, 2016.
• Press release dated October 27, 2011
• Press release dated April 28, 2015
Please note that all financial figures are in Canadian dollars, unless otherwise stated.
The reader is advised that no production decisions have yet to be made on any of the Company’s current projects.
March 2018

3. Leverage proven in-house expertise to acquire and consolidate late-stage assets that can
be rapidly transformed in to a series of low CAPEX mines to create a mid-tier gold producer
Unique Platform for Growth
March 2018 3
Target Profile* (24-36 months) : +150,000 oz/yr production | +3 million oz resource
• Profile of Target Assets
 +/- 500,000 oz of drilled/quality gold resource
 Projects that can be rapidly advanced to production at an initial rate of +/- 50,000 oz/yr using in-
house expertise to minimize initial CAPEX requirements
 Large contiguous land packages with significant up-side potential to increase the
resource/production profile through exploration
• Minimize Execution Risks
 Cornerstone financial partner – Osisko Gold Royalties (June 2017 MAI / February 2018 CGE)
 Proven Mexican mine development team with history of low CAPEX development projects
 Low permitting risk jurisdictions (initial focus – Mexico)
*No production decisions have yet to be made on any of the Company’s current projects

4. Transaction Highlights
March 2018 4
Portfolio approach provides path
to +150 koz Au per year producer
over the medium term
Santana (CGE)
• Path to near-term commercial
gold production with continued
low CAPEX and expansion
potential
• Synergies with MAI’s
contiguous Los Verdes project
La Fortuna (MAI)
• A potential high grade / low-
CAPEX open pit operation with
significant resource expansion
potential
Guadalupe de los Reyes (MAI)
• Advanced stage heap
leachable gold-silver asset with
~2 g/t AuEq grade
Transformational Merger
Creating a 3-Asset Pure Play
Mexican Gold Developer
Proven team coupled with one of
the most respected financial
partners in the mining business
Proven Mine Building Team
• Led by Darren Koningen who,
alongside Chester Millar,
successfully built and sold
Castle Gold (Argonaut Gold)
Cornerstone Financial Partner
• Osisko Gold Royalties as a
significant shareholder and
potential future capital provider
High Quality Shareholders
• Leading institutional
shareholders
• Chester Millar, a proven mine
builder, will remain a significant
shareholder
Strong Team and Great
Shareholders
The investment platform for
growth through development of
gold assets in Mexico
Capital Profile
• Immediate exposure for
investors to an advanced-
stage developer with
significant expansion and re-
rating potential
Trading Liquidity
• Anticipated Increase in liquidity
on a pro forma basis
Further Consolidation
Opportunities
• Utilizing strong technical
team to further consolidate
opportunities in Latin America
Enhanced Market
Attractiveness

5. Benefits to All Shareholders
March 2018 5
Minera Alamos Shareholders
• Addition of an advanced stage asset: Following
the completion of the current test mining the
combined management group will look to move
quickly towards commercial production
• Anticipated doubling of market capitalization,
allowing Minera Alamos to continue to pursue
its acquisition and development strategy
• Strengthens Board of Directors with the
expected additions of Chester Millar, a heap
leach pioneer and member of the Canadian
Mining Hall of Fame, and Doug Ramshaw, a
mining geologist and capital markets
professional with more than two decades of
global industry experience
• Boosts Minera Alamos’s exploration pipeline
with opportunities for significant resource
growth and regional exploration across three
assets
Corex Shareholders
• Diversifies asset base with two additional high
quality precious metals assets contributing
toward a portfolio approach to future production
• Access to expanded technical team with proven
gold mine development and operational team
led by Darren Koningen
• Strengthens balance sheet, providing financial
resources for advancement of Santana
production initiatives and longer-term
exploration opportunities
• Enhances shareholder base with long-term
funding partners to evaluate and execute on
medium-term growth plans
• Increases trading liquidity, strengthens capital
markets profile, and provides a strong platform
for future acquisitions

6. Transaction Summary
March 2018 6
Transaction Description
 Minera Alamos to acquire all of the issued and outstanding shares of Corex by way of Plan
of Arrangement
 Approval required from 66 2/3 of Corex shareholders and a majority of the minority
Consideration
 Exchange Ratio of 0.95 Minera Alamos shares for each Corex share held in an ‘at market’
merger of equals transaction
 Shareholders of each of Minera Alamos and Corex to own ~50% of the combined company
on a basic basis
Deal Protections
 Termination fee $600,000 payable by Corex in certain circumstances if the transaction is
not completed
 Unanimous support of the Board of Directors of each of Minera Alamos and Corex
 Voting and support agreements from all officers and directors of Corex, as well as certain
shareholders representing approximately 26% of Corex’s outstanding shares
Timing / Other
 Mailing of the management information circular describing the transaction in further
detail expected in March
 Closing of the transaction expected in April

7. Proven Mine Builders (Corex/MAI)
March 2018 7
Chester Millar*
Director
Eldorado Gold
Glamis Gold
Alamos Gold
Co-founder/Chairman
Darren Koningen**
Director/CEO
Aurogin Resources
Co-founder / CEO
Castle Gold Corp.
“merger of equals”
2007
Morgain Minerals • F. Alvarez (COO)**
• M. Cardona (VP Ex)**
• Sold to form Argonaut
Gold (2010)
for $150 million
• 50,000 oz/yr with plans
to ~100,000 oz/yr
Corex / MAI.
“merger of equals”
Pediment Gold
NWM Mining
Minera Alamos (MAI)
• Chris Chadder – CFO**
Corex Gold
• Strategic partnership - Osisko Royalties
• Consolidation plan to +150,000 oz/yr
** Current MAI Management
* Proposed Corex appointee

8. Low CAPEX Production – Castle Gold Case Study
March 2018 8
El Castillo Mine

9. March 2018 9
Owner/Operator Accepts
Larger Share of
Risks/Rewards
 Majority of project design work completed “in-house” where focus is on capital efficiency
Design/construction completed using local personnel and techniques suitable for project
location versus “big project Canadian standards”
 Start-up issues identified and corrected as they occur by design/construction team who
are also the corporate management
Staged Development
 Capital costs divided into phases such that initial capital is sufficient for commercial
production with future expansions paid from internal cash flow
 Capital items (pads/ponds/plant) designed in modular fashion to be easily expanded as
production rates increase
Maximize Use of
Contractor Capital
 Access to experienced low cost open pit mining contractors in northern Mexico
jurisdictions
 Utilize contractors for crushing/screening (portable equipment)
 Wherever possible leverage contractor/supplier relationships to provide additional
infrastructure (i.e. truck shop facilities, reagent storage, etc.)
Use of Local
Infrastructure/Personnel
 Maximize usage of existing infrastructure through rentals in nearby towns as opposed to
construction of new facilities (i.e. accommodations for owner and contractor teams,
offices, warehousing, etc.)
 Hire/train local population wherever possible (owner and contractors)
Capital cost savings are almost always more important than slight losses in
operating efficiencies/costs
Low CAPEX Production – Castle Gold Case Study

10. March 2018 10
El Castillo Mine Start-up – Low CAPEX can be a Reality
Cumulative to
Dec 31, 2007
Cumulative to
Dec 31, 2007 %
MEXICO USD (Avg) MXN
El Castillo Project (initial capex)
Mine site development costs 3,466,872 33,189,804 54.12%
Field work and supplies 1,516,214 14,515,347 23.67%
Field office expense 349,002 3,341,145 5.45%
Consulting / administration 492,137 4,711,431 7.68%
Equipment (Computer, Transportation, Office, General) 5,568,026 5,568,026 9.08%
$ 6,405,839 $ 61,325,753 100.00%
Heap leach project started successfully at 20,000-25,000 oz/yr and then expanded
towards 70,000-80,000 oz/yr utilizing internal cash flows
Low CAPEX Production – Castle Gold Case Study
Merger TakeoverProductionConstruction All in 2 Yrs

11. Planned production growth
to +150,000 Au Eq oz/yr
Current Development Plans
• Santana (bulk test underway)
• La Fortuna (permits expected
mid 2018)
• Guadalupe de los Reyes (PEA
planned for H2-2018)
Acquisitions targets identified,
preliminary discussions underway
• Additional targets identified
Following the Castle Gold model
but this time with:
• Stronger initial asset base
• Cornerstone corporate backer
in Osisko Royalties
Aggressive Multi-Project Development Path
March 2018 11
Junior Producers
Production figures for each company are based on the respective company’s 2017 year-end reports and MD&A. Market capitalization in Cdn$ as of Feb 14, 2018
MarketCapitalizationCdn$$Millions
2017 Gold Equivalent Ounces Produced
McEwen Mining
Guyana Goldfields
Alacer Gold
Klondex Mines
Leagold Mining
Roxgold
Argonaut Gold
Minera Alamos

12. March 2018 12
The partnership with Osisko Gold Royalties provides Minera Alamos with the ability to replicate a
strategy similar to Osisko Mining in Mexico/Latin America
$0
$200
$400
$600
$800
$1,000
$1,200
Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17 Oct-17
Osisko Mining – Market Capitalization (June 2015 to November 2017)
June 9, 2015: Oban
Mining announces
combination with Eagle
Hill, Temex, Ryan Gold,
and Corona Gold
Osisko Gold Royalties
agrees to acquire
royalty rights from Oban
Mining for up to $20M
and up to a 19.9% in
the pro forma entity
June 9, 2015: Oban
Mining announces
combination with Eagle
Hill, Temex, Ryan Gold,
and Corona Gold
Osisko Gold Royalties
agrees to acquire
royalty rights from Oban
Mining for up to $20M
and up to a 19.9% in
the pro forma entity
August 25, 2015: Oban
completes the
acquisition of Eagle Hill,
Ryan Gold, and Corona
Gold
Osisko Gold Royalties
acquires 19.9% interest
in Oban for $17.8M
August 25, 2015: Oban
completes the
acquisition of Eagle Hill,
Ryan Gold, and Corona
Gold
Osisko Gold Royalties
acquires 19.9% interest
in Oban for $17.8M
December 2015: Oban
completes acquisition
of Northern Gold and
acquires 19.9% of IDM
Mining
December 2015: Oban
completes acquisition
of Northern Gold and
acquires 19.9% of IDM
Mining
March 2016: Oban
completes acquisition of
Niogold
March 2016: Oban
completes acquisition of
Niogold
August 2016: Osisko Mining
acquires 17% interest in
Barkerville Gold Mines
August 2016: Osisko Mining
acquires 17% interest in
Barkerville Gold Mines
 ~$277M in equity capital raised
 7,651% increase in market
capitalization
 5+ acquisitions (excluding
property acquisitions)
 Numerous strategic investments
 ~$277M in equity capital raised
 7,651% increase in market
capitalization
 5+ acquisitions (excluding
property acquisitions)
 Numerous strategic investments
MAI
Current
Status
The Osisko Advantage

13. Summary – Castle Gold 2.0
March 2018 13
 Commence the execution of an aggressive 3-year build out plan on 3 existing
development/production assets targeting a combined 150,000 oz/yr production rate
 Concurrent exploration plans at each project to test new target areas and define additional ounces
to be included within project mine plans
 Leverage the strong financial and technical support of the strategic relationship with Osisko
Royalties to identify new acquisitions and source non-dilutive project financing
 Provide the market with a new opportunity to participate in a growth/development/production
Company with a focus on management responsibility through bottom-line profitability
Castle Gold 2.0 – triple the starting project scale of the original

14. La Fortuna
GdR
Santana
Los Verdes
Asset Overview
• Santana
• Los Verdes
• La Fortuna
• Guadalupe de los Reyes (“GdR”)

15. Low CAPEX heap leach development project
with test mining currently underway
Location / Infrastructure
• Sonora State, Mexico
• 100% owned / 8,500 ha
• Accessible by paved highway
• 50 km SE of Alamos Gold’s 3 Moz Mulatos Gold Mine
Mine Plan / Stage
• +30,000 m of drilling to date
• Near-term production opportunity (currently engaged
in pre-commercial bulk sample)
• ~23,000 t mined to date with excellent recoveries
(440 oz gold produced)
Exploration Value Unlocked by Minera Alamos Contiguous
Claims
• High priority exploration targets along strike of Nicho
North and onto Minera Alamos owned claims at Los
Verdes
• All zones appear open along strike and at depth
Santana Project
March 2018 15
Project Location
LOS VERDES

16. Santana Project
16
Three identified gold zones with strong
drilling results*
• North Nicho Zones (Focus Area)
– 23,000 tonne bulk sample processed on
heap leach pad; New 10,000 tonne fine
crushed bulk sample underway
– Drilling highlights include:
• 93.0m @ 1.03 g/t Au
• 74.7m @ 0.78 g/t Au
– Contiguous to Los Verdes
• Nicho Zone (Phase 2 Development)
– Mineralized from surface
• Drilling to depth of +150m
– Appears open at depth and along strike
– Drilling highlights include:
• 87.0m @ 1.04 g/t Au
• 47.5m @ 0.80 g/t Au
• Benjamin Zone
– Drilling highlights include:
• 19.8m @ 2.3 g/t Au, 444.0 g/t Ag
• 93.0m @ 0.70 g/t Au
Nicho
Nicho North
Benjamin
Los Verdes (MAI)
• Exploration Upside
– Zones appear open along strike and at depth
– Other regional targets identified including Ubaldo, Tres
Hermanos and La Micha
*for additional information on Santana Project drill programs refer to “Santana Technical Presentation” on www.corexgold.comMarch 2018

17. Two core zones of mineralization: Nicho and Nicho North
Santana Project
March 2018 17
Nicho North: Active Bulk Sampling OperationNicho Zone: Exploration Focus
• The Nicho Zone appears to remain open along strike in both
directions, with good ore zone continuity from surface to
depth
• Past drilling has yielded broad zones of gold mineralization
including 87 m at 1.04 g/t Au
• Mineralization amenable to heap leach mining
• Good continuity of disseminated mineralization. Drilling was
stopped at Minera Alamos contiguous claim boundary
• New fine crushed bulk sample processing underway
• Commercial scale production decision to follow bulk
sample test mining
• Low strip ratio (management estimates of ~2:1)
*for additional information on Santana Project drill programs refer to “Santana Technical Presentation” on www.corexgold.com

18. A potential high grade / low-CAPEX open pit
operation with significant resource expansion
potential
Location
• Durango State, Mexico
• +6,200 ha
Infrastructure
• Easily accessible via a 100 km road from Culiacan,
the Capital of Sinaloa state
• State authorities are extending a 2-lane highway to
the project
Mine Plan / Stage
• PEA issue target Q1 2018 contemplating a simple
open-pit mine with initial 40-50 Koz Au annual
production and a low CAPEX start-up
• Mill procured and ready for shipping to site
La Fortuna
March 2018 18
Project Location

19. High-Grade and High-Margin
• Majority of resource grades 3.5-4.0 g/t Au
• Wide zones of mineralized breccia
• Metallurgical testing demonstrated +90% Au
recoveries
Processing Capacity
• 2,000 tpd mill acquired in 2017
• 1,000 tpd starter operation expandable to
potentially double production capacity
Resource Expansion Potential
• Other major gold bearing structures (i.e. Ramada
and PN) exhibiting similar style mineralization to
La Fortuna
• Updated resource will include silver, historically
estimated at 25-30 g/t Ag
• Similar style mineralization to main orebody
identified ~500m to the south
La Fortuna Main Zone
March 2018 19
Block Model
*As of October 2008 at a cut-off of 0.50 g/t Au
Tonnage
(Kt)
Au Grade
(g/t)
Au Contained
(Koz)
Measured 1,538 2.96 146
Indicated 3,287 1.53 162
M&I 4,824 1.99 308
Mineral Resource*

20. • Multiple zones of “Fortuna-
style” mineralization identified
• Mineralization focused in
areas of intersecting fault
structures
• Some of alteration zones (i.e.
PN Prospects area)
significantly greater in scale
than those present at Fortuna
• No systematic exploration
prior (and subsequent) to
current management in
2008/9
• First modern drill program on
regional targets to commence
Q1 2018
La Fortuna Regional Prospects
March 2018 20

21. Engineering work initiated outlining a path to
develop the existing resource base as a low-capex
heap leach operation
Location/Land Package
• ~15,575 ha in Sinaloa State, Mexico
• Significant regional gold system - est. historical
production of 500-600 Koz Au and +40 Moz Ag
Recent History
• Vista Gold focused on development of conventional
grinding/cyanidation project during period of high gold
prices
• Project development was discontinued (2013) once
gold prices declined and Vista Gold moved focus to
development project in Australia
Mine Plan / Stage
• Minera Alamos team preparing updated engineering
work contemplating a simple heap leach operation(1)
– Updated resource will be completed at a lower cut-off relative to the
current resource’s 0.5 g/t Au cut-off, adding immediate ounces
Growth Plan
• Aggressive exploration to expand the current resource
and planned throughput
Guadalupe de los Reyes (GdR)
March 2018 21
Project Location
Sinaloa, Mexico
Guadalupe de
los Reyes
Mineral Resource* (Cut-off: 0.5 g/t Au)
Tonnage
Au
Grade
Ag Grade
Au
Contained
AuEq
Contained
kt g/t g/t Koz Koz
Indicated 6,843 1.73 28.71 380 499
M&I 6,843 1.73 28.71 380 499
Inferred 3,200 1.49 34.87 155 224
*NI 43-101 Technical Report Preliminary Economic Assessment of Guadalupe de los Reyes Gold Silver Project, Sinaloa, Mexico (Amended and Restated:
July 3, 2014) (1) Vista Gold retains a 49% non-carried back-in right on any underground gold resources (all open pit resources are excluded)

22. GdR Exploration Potential
March 2018 22
• Significant regional gold
system with estimated
historical production of
500,000-600,000 oz Au
and +40 Moz Ag
• Project area includes at
least 8 target areas
identified along 3 major
structural zones (+10 km
identified at surface)
• 4 deposits: with drilled
resources -- El Zapote,
Guadalupe, Noche Buena,
and San Miguel
• Near surface low
sulfidation, epithermal
systems with gold and
silver occurrences

23. 2018 Key Catalysts
• Santana: Commercial
production decision
• La Fortuna: PEA in Q1,
permitting and
construction decision
• GdR: Ongoing resource
advancement, heap
leach engineering and
permitting
A proven success strategy: Develop low CAPEX high IRR assets while expanding the near
mine resource and remaining opportunistic for further consolidation
Future Catalysts
March 2018 23
Mine Development
Near Mine Resource
Expansion
Corporate Development
Resource Growth
• Large contiguous land
packages surrounding
areas of defined
resources
• Targeting previously
underexplored areas
• Exploit synergies of near-
term targets on
Santana/Los Verdes
Target Profile
• Acquire advanced stage
assets with low CAPEX
• Team with a track record
of success turning
around ‘out of favour’
assets
• Osisko Gold Royalties
provides a cornerstone
strategic partner
Target Profile*: 150,000 oz/yr production | +3 million oz resource
*No production decisions have yet to be made on any of the Company’s current projects

24. La Fortuna
GdR
Santana
Los Verdes
Corporate Overview

25. Management / Technical Team
March 2018 25
Management
Darren Koningen
CEO and Director
> +20 years of engineering/metallurgical experience
> Led the development of Castle Gold’s El Castillo project prior to its sale to Argonaut
> Designed, constructed, commissioned and operated two gold heap leach operations (El Sastre in
Guatemala and El Castillo in Mexico) under budget and on time
Doug Ramshaw*
President, Director
> ~20 years of experience as a senior executive of several exploration companies
> B.Sc. Mining Geology from the Royal School of Mines
Chris Chadder,
CFO
> +20 years of experience in financial reporting and in senior management roles in the mining sector
> Served in senior executive roles at companies in various stages of the mining cycle
Federico Alvarez
VP Project Development
> +30 years of mine management in Mexico; widely recognized as one of the top mining professionals
> Managed mine planning, pads and expansion of El Castillo for Argonaut as Operations Manager
Miguel Cardona
VP Exploration
> +20 years experience as a mining and exploration geologist
> Led the 3x increase of El Castillo’s gold resource for Castle Gold from 400Koz to 1.2Moz prior to in
2009 prior to the sale
Non-Executive Board of Directors
Ruben Padilla
Director
> +25 years of experience on target generation, project evaluations, mining geology and management
of exploration programs focused on the Americas
> Chief Geologist of Talisker Exploration Services Inc.
Bruce Durham
Director
> +40 years of experience in the mineral exploration business, focused mainly on junior explorers
> President and CEO of Nevada Zinc Corporation and Director of Norvista Capital Corporation
Chester Millar*
Director
> Canadian Mining Hall of Fame legend with a half-century of building majors from the ground up
> Co-founder of Alamos Gold, former chairman of Eldorado Gold, Glamis Gold, Pediment Gold Corp.,
and Castle Gold Corp
| * Proposed Corex appointees

26. Pro Forma Capitalization
March 2018 26
Pro Forma(1)
Current Share Price
Share Price C$/sh $0.18 $0.171 $0.18
Capitalization
Basic Shares M 150.3 156.9 299.4
Fully Diluted Shares Outstanding (ITM) M 219.1 176.3 386.5
Fully Diluted Market Capitalization (ITM) C$M $39.4 $30.1 $69.6
(+) Debt C$M $0.0 $0.0 $0.0
(-) Cash & Short-term Investments C$M $3.5 $2.5 $6.0
(-) Cash from ITM Securities C$M $8.5 $2.3 $10.8
Fully Diluted Enterprise Value (ITM) C$M $27.5 $25.3 $52.8
Positions pro forma Minera Alamos as a leading Mexican gold developer with ~C$6M of cash
| (1) Pro forma figures calculated based on an exchange ratio of 0.9500x Corex Gold shares per Minera Alamos share

27. Pro Forma Share Ownership *
March 2018 27
Pro Forma
Management and Board 12% 11% 12%
Institutional/Corporate Shareholders
Osisko Royalties 15% 16% 15.5%
H Morgan & Company - 17% 8.5%
Norvista Capital 8% - 4%
US Institutions 13% 1% 7%
Other Institutions 4% 2% 3%
Total Institutional 40% 36% 38%
Retail 48% 53% 50%
* All numbers are approximate as of March 1st, 2018

28. Appendix
Appendix
28

29. Why Mexico? – Jurisdictional Benefits
March 2018 29
• Ranked on a country vs country basis against the rest of Central and Latin
America – Mexico ranks third behind only Chile and Peru for investment
attractiveness (Source: Fraser Institute – 2017 Annual Survey of Mining
Companies)
• Transparent and Structured Permitting Process (typically 6-12 months from
submission)
• Skilled and Available Labour Force
• Government Agencies Dedicated to Aid the Expansion of Mining Activity (such as
FOFOMI)
• Pro-mining Culture (mining is constitutionally noted as a “priority” industry)
• Highly Successful Track Record of Canadian Mining Development Within
Jurisdictions of the Company’s Focus (North American – NAFTA - legal and
business frameworks)

30. March 2018 30
Located in a prolific mining district
Why Mexico? – Mineral Endowment
Santana/Los Verdes

31. Why Mexico? – Advantageous Peso
March 2018 31
• Between 60-70% of an open pit gold miner’s costs in Mexico such as labour and
power is priced in pesos
• Significant benefits compared with jurisdictions with stronger currencies given
that output is sold in US$
Source: LBMA, Datastream, Bulliondesk/FastMarkets, World Gold Council
10-Year USD, CAD, MXN Gold Price Movement
Gold at
historic
highs in Pesos

32. THANK YOU
March 2018 32
www.mineraalamos.com www.corexgold.com