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Alamos Gold Inc.

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Summary

Project:

Lynn Lake

Deposit:Lynn Lake
Location:Canada
Commodities:Gold-Silver
Date:12/14/2017
Report Code:NI43-101
Report Type:Feasibility Study
Project Stage:Mine Development
Report details:14-12-2017: Alamos Gold Inc. announces a Feasibility Study report for its Lynn Lake deposit at the Lynn Lake project. Feasibility study results incl. post-tax NPV (5%) of $123M, IRR of 12.5%. Toronto, Ontario (December 14, 2017) – Alamos Gold Inc. (TSX:AG
Resources:(Reserve, P+P): 26.80Mt @ 1.89g/t Au, 2.99g/t Ag
CP/QP:[Resources]: Jeffrey Volk (Internal)
ABSTRACT:Toronto, Ontario (December 14, 2017) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported results from the positive feasibility study conducted on its Lynn Lake Gold Project (“Lynn Lake”), located in Manitoba, Canada. All amounts are in United States dollars, unless otherwise stated. “We acquired the Lynn Lake project in 2016 for $20 million and with the completion of the feasibility study, have outlined solid base case economics for the project with an after-tax net present value over $120 million. As we advance the project through permitting over the next two years, we see excellent potential to further enhance its overall economics through a number of avenues, including incorporating recent exploration success. We expect stronger economics prior to making a construction decision. With its location in one of the best mining jurisdictions in the world, Lynn Lake is an important piece of our longer term growth strategy,” said John A. McCluskey, President and Chief Executive Officer.

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