Mr. Scott Parsons reports

ALAMOS GOLD ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Alamos Gold Inc. has filed with, and received acceptance from, the Toronto Stock Exchange (TSX) of a notice of intention to make a normal course issuer bid permitting Alamos to purchase for cancellation up to 34,485,405 Class A common shares, representing 10 per cent of the company's public float of the common shares as at Dec. 14, 2023, being 344,854,056 common shares. As at Dec. 14, 2023, there were 396,857,869 common shares issued and outstanding.

Alamos may purchase common shares under the normal course issuer bid over the 12-month period beginning Dec. 24, 2023, and ending Dec. 23, 2024. Any purchases made under the normal course issuer bid will be effected through the facilities of the TSX, alternative Canadian trading systems and/or the New York Stock Exchange. The maximum number of common shares that Alamos may purchase on the TSX on a daily basis, other than pursuant to block purchase exceptions, is 151,045 common shares.

The price for any repurchased common shares will be the prevailing market price at the time of the purchase. All common shares purchased by Alamos will be cancelled. Purchase and payment for the common shares will be made by Alamos in accordance with the requirements of the TSX and applicable securities laws.

A normal course issuer bid is being undertaken as the company and its board of directors believes the price of its common shares from time to time to be not reflective of the underlying value of the company. The company believes it is advantageous to its shareholders to engage in repurchases of common shares, from time to time, when they are trading at prices which reflect a discount from their value by increasing the proportionate share of ownership of the company to remaining shareholders. Under its previous normal course issuer bid which commenced on Dec. 24, 2022, and will terminate on Dec. 23, 2023, Alamos sought the purchase of up to 34,670,378 common shares and no purchases were made.

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+ 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 TSX and New York Stock Exchange under the symbol AGI.

We seek Safe Harbor.