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Alamos Gold Inc.

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Summary

Project:

Island Gold Mine

Deposit:Island Gold Mine
Location:Canada
Commodities:Gold
Date:9/5/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:5-9-2018: Alamos Gold Inc. announces a Resource Estimation report for its Island Gold Mine deposit at the Island Gold Mine project. Updated mineral resource and Ore reserve at Island Gold. Toronto, Ontario (September 5, 2018) – Alamos Gold Inc. (TSX:AGI;
Resources:(Reserve, P+P): 2.790Mt @ 10.69g/t Au for 959Koz Au contained
CP/QP:[Resources]: Not stated (n/a)
ABSTRACT:Toronto, Ontario (September 5, 2018) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported an updated National Instrument 43-101 compliant Mineral Reserve and Resource estimate for its Island Gold Mine as of June 30, 2018. This incorporates exploration drilling completed during the first half of 2018, the majority of which was released in the May 24, 2018 exploration update. A summary of updated Mineral Reserves and Resources by category as at June 30, 2018 compared to December 31, 2017 is outlined in the table below. “Island Gold continues to grow in both size and quality. In the nine months since we acquired Island Gold, Mineral Reserves and Resources have grown in all categories while Mineral Reserve grades have increased 17%. As 2018 drilling unfolds, we see excellent potential for this growth to continue,” said John A. McCluskey, President and Chief Executive Officer. 2018 Exploration Program The focus of the 2018 exploration drilling program is on expanding the down-plunge and lateral extensions of the Island Gold deposit with the objective of adding new near mine Mineral Resources. Drilling is being conducted across three main areas of focus along the two kilometre long Island Gold Main Zone including; the Main Extension; the Eastern Extension; and the Western Extension. The 2018 program has been successful in extending high grade gold mineralization across all three areas with the bulk of the Mineral Resource increase coming in the Main Extension where the majority of the surface exploration drill holes have been concentrated. The exploration program has also been successful in adding to Mineral Reserves within the Eastern Extension as well as in the Main C Zone. A total of 65,500 m of drilling across 432 holes was completed during the first half of 2018 and incorporated into Mineral Reserves and Resources as of June 30, 2018. This included 22,500 m of surface directional exploration drilling, 16,300 m of underground exploration drilling, 11,100 m of underground delineation drilling and 15,600 m of underground definition drilling. New highlight intercepts that were incorporated into updated Mineral Reserves and Resources can be found in Figures 1 to 4 and Tables 1 to 3 at the end of this release. A further 84,000 m has been budgeted for the second half of 2018 with the objective of extending high grade mineralization and adding near-mine Mineral Resources across all three areas of focus. A significant portion of the surface exploration drilling planned for the second half of 2018 will be at wider drill spacing than required for inclusion to Inferred Mineral Resources and focused on regional targets. As such the Company is not expecting the same pace of Mineral Resource growth with the December 31, 2018 update.

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