Mr. John McCluskey of Alamos reports

ALAMOS GOLD ANNOUNCES CLOSING OF MANITOU GOLD ACQUISITION

Alamos Gold Inc. has completed the previously announced acquisition of all the issued and outstanding common shares of Manitou Gold Inc. (TSX-V: MTU). A final order was granted by the Ontario Superior Court of Justice on May 19, 2023, approving the plan of arrangement pursuant to which the transaction was implemented.

"We are very pleased to announce the closing of the Manitou Gold acquisition through which we are more than tripling our land package around the Island gold mine and adding significant exploration potential in a relatively underexplored segment of the Michipicoten greenstone belt," said John A. McCluskey, president and chief executive officer.

About Alamos Gold Inc.

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in Northern Ontario, Canada, and the Mulatos mine in Sonora state, Mexico. Additionally, the company has a strong portfolio of growth projects, including the phase 3-plus expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people and is committed to the highest standards of sustainable development. The company's shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol AGI.

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