Mr. Scott Parsons reports

ALAMOS GOLD DECLARES QUARTERLY DIVIDEND

Alamos Gold Inc.'s board of directors has declared a quarterly dividend of 2.5 U.S. cents per common share. The company has paid dividends for 14 consecutive years during which time $304-million has been returned to shareholders through dividends and share buybacks, including $20-million thus far in 2023. All amounts are in U.S. dollars unless otherwise stated.

The dividend is payable on June 29, 2023, to shareholders of record as of the close of business on June 15, 2023. This dividend qualifies as an eligible dividend for Canadian income tax purposes.

Dividend reinvestment plan

The company has implemented a dividend reinvestment plan (DRIP). This gives shareholders the option of increasing their investment in Alamos, at a discount to the prevailing market price and without incurring any transaction costs, by electing to receive common shares in place of cash dividends. For shareholders that elect to participate in the DRIP, common shares will be issued from treasury at a 3-per-cent discount to the prevailing market price.

Enrolment in the DRIP is optional. Further information on the plan, including the forms needed to enroll, is available on the company's website. In order to be eligible to participate in the June 29, 2023, dividend, enrolment must be completed by 4 p.m. EST on the fifth business day prior to the June 15, 2023, dividend record date.

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 New York Stock Exchange under the symbol AGI.

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