On November 28, 2016 Aloro Mining Corp. signed an option agreement with Almadex Minerals Limited to acquire a 100% interest in the Los Venados property that is located within the Mulatos gold mining district of Sonora State, Mexico. The property is situated immediately north of the Mulatos open pit gold mine owned and operated by Alamos Gold Inc.; between the Mulatos mine concessions and those of La India gold mine operated by Agnico Eagle Mines Limited. The terms of the option agreement are contained in the Aloro Minings' news release dated November 29, 2016.