Mr. Scott Parsons reports

ALAMOS GOLD ANNOUNCES CLOSING OF QUARTZ MOUNTAIN PROJECT SALE

Alamos Gold Inc. has closed the previously announced transaction to sell its option to earn a 100-per-cent interest in the Quartz Mountain gold project to Q-Gold Resources Ltd. for total consideration of up to $21-million (in cash and/or common shares of Q-Gold), as well as an equity interest in Q-Gold. All amounts are in United States dollars, unless otherwise stated.

On closing, Alamos received $2.85-million in cash and was issued 13,924,702 common shares of Q-Gold, representing 9.99 per cent of the issued and outstanding common shares of Q-Gold. The remaining consideration of up to $18.15-million will be payable in cash or common shares of Q-Gold, at Alamos's election, and comprises $8.15-million of guaranteed payments to be paid over three years and $10-million of milestone payments. Please refer to the April 3, 2025, news release for more details.

About Alamos Gold Inc.

Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America. This includes the Island Gold district and Young-Davidson mine in Northern Ontario, Canada, and the Mulatos district 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 2,400 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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