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Alamos Gold Inc.

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Summary

Project:

Kirazli

Deposit:Kirazli
Location:Turkey
Commodities:Gold-Silver
Date:2/15/2017
Report Code:NI43-101
Report Type:Feasibility Study
Project Stage:Mine Development
Report details:15-2-2017: Alamos Gold Inc. announces a Feasibility Study report for its Kirazli deposit at the Kirazli project. Feasibility study results incl. post-tax NPV (8%) of $186.5M, IRR of 44.3%. A Feasibility Study (FS) report was compiled by JDS for Alamos. JD
Resources:(Reserve, P+P): 26.104Mt @ 0.79g/t Au, 12g/t Ag for 665Koz Au, 10.07Moz Ag contained at project
CP/QP:[Resources]: Marc Jutras (Ginto Consulting Inc.)
ABSTRACT:A Feasibility Study (FS) report was compiled by JDS for Alamos. JDS Energy & Mining Inc. (JDS) was appointed by Alamos Gold Inc. (Alamos or Alamos Gold) to act as Project Manager in the compilation of a National Instrument 43-101 Feasibility Study (FS) and Technical Report for the Kirazlı Project (Kirazlı or Project), an advanced exploration gold project owned by Alamos. The Project is located in the Çanakkale province on the Biga Peninsula of Northwestern Turkey. The Kirazlı Project is a stand-alone mining Project acquired by Alamos Gold Inc. (Alamos) on January 2010 from Teck Resources Ltd. (Teck) and Fronteer Development Group Inc. (Fronteer), who held the property in a 60/40 joint venture respectively. The Kirazlı Project footprint is located on a concession belonging to Doğu Biga Madencilik (Turkish subsidiary of Alamos Gold) and totals 1,997.16 hectares (ha). This FS recommends advancing the Kirazlı Project to development and construction and then production given its positive economics. The recommended development path begins with initiation of basic and detailed engineering, while advancing the permitting process. Associated Project risks are manageable, and opportunities have been identified to enhance Project economic value.

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