Mr. Scott Parsons reports

ALAMOS GOLD ANNOUNCES CLOSING OF THE SALE OF ITS TURKISH DEVELOPMENT PROJECTS

Alamos Gold Inc.'s wholly owned Netherlands subsidiaries, Alamos Gold Holdings Cooperatief U.A. and Alamos Gold Holdings B.V., have completed the sale of Dogu Biga Madencilik Sanayi ve Tic. A.S., their wholly owned Turkish subsidiary, which owns the Kirazll, Agl Dagl and Camyurt projects, located in northwestern Turkey, to Tumad Madencilik Sanayi ve Ticaret A.S., a mining company operating in the Republic of Turkey, for total cash consideration of $470-million. All amounts are in U.S. dollars, unless otherwise stated.

Upon closing, Alamos received $160-million in cash. On the one-year and two-year anniversaries of closing the transaction, Alamos will receive $160-million and $150-million, respectively. The anniversary payments are secured by bank guarantees provided by international financial institutions with investment-grade ratings, which were received on closing.

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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