Acquisition Of  Sabre Gold Mines

TORONTO - Minera Alamos Inc. and Sabre Gold Mines Corp. have entered into a definitive agreement whereby Minera Alamos will acquire all of the issued and outstanding shares of Sabre Gold pursuant to a plan of arrangement, further enhancing Minera Alamos' position as a growth oriented gold producer.

Creation of a Diversified North American Gold Producer Platform - Beyond the Santana gold mine operations (Sonora, Mexico), the addition of Copperstone (Arizona, US) helps provide visibility to a further 150koz of annual gold production in premier mining jurisdictions in North America.

Acquisition of Past Producing Copperstone Mine - Sabre's flagship asset produced a total of 514,000 oz of gold from 1987 to 1993. Along with existing infrastructure, the project contains significant additional resource ounces and is at advanced stage permitting for a near-term mine restart.

Accelerating Copperstone Back into Production - Minera Alamos' in-house mine-building expertise combined with Minera's previously acquired process plant equipment will allow for significant reductions in capital costs and operation restart times in this very strong gold price environment.

Darren Koningen, CEO, said, "The Copperstone project is an ideal addition to our portfolio of low capex, late-stage development projects. The site has significant infrastructure and permits in place which will allow our technical group to quickly advance the project into production.”