Leading Intermediate Gold Producer

September 11, 2017

1
 Cautionary Statements
This presentation, the information contained herein, any other materials provided in connection with this presentation and any oral remarks accompanying this presentation (collectively, this “Presentation”)
has been prepared by Alamos Gold Inc. (“Alamos”) solely for information purposes concerning a potential transaction (a “Potential Transaction”) involving Alamos and Richmont Mines Inc. (“Richmont”). No
Stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This presentation does not constitute an offering of securities and the
information contained herein is subject to the information contained in the Company’s continuous disclosure documents at www.sedar.com.
Cautionary Notes
Certain statements in this presentation are “forward-looking statements”, including within the meaning of applicable laws. All statements other than statements of historical fact included in this presentation,
including, without limitation, statements regarding the timing and closing of the Proposed Transaction, statements regarding synergies resulting from the Proposed Transaction, statements regarding the effect
of the Proposed Transaction on Alamos’ net asset value, operating cash flow, free cash flow, forecast gold production, reserves, resources, gold grades, recoveries, waste-to-ore ratios, total cash cost, all-in
sustaining costs, debt levels and future plans and objectives of Alamos are forward-looking statements based on forecasts of future operational or financial results, estimates of amounts not yet determinable
and assumptions of management that involve various risks and uncertainties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or
“intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking
statements.” Alamos cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Alamos’ actual results, performance or achievements to be
materially different from those expressed or implied by such information, including, but not limited to, that the Proposed Transaction is completed on terms and timeframe contemplated; failure to obtain
shareholder approval of Alamos or Richmont; failure to obtain the necessary regulatory and other approvals; conditions to the Proposed Transaction may not be satisfied; anticipated synergies and other
benefits of the Proposed Transaction may not be realized; gold and silver price volatility; fluctuations in foreign exchange rates and interest rates; the impact of any hedging activities; discrepancies between
actual and estimated production, between actual and estimated reserves and resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the
costs and timing of construction and development of new deposits; and the success of exploration and permitting activities. In addition, the factors described or referred to in the section entitled “Risk Factors”
in Alamos’ Annual Information Form for the year ended December 31, 2016, which is available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this
presentation. Although Alamos has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking
information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be
accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking
information.
Market data and other statistical information used throughout this Presentation are based on internal company research, independent industry publications, government publications, reports by market
research firms or their published independent sources. Industry publications, governmental publications, market research surveys and forecasts generally state that the information contained therein has been
obtained from sources believed to be reliable. Although Alamos believes such information is accurate and reliable, it has not independently verified any of the data from third party sources cited or used for our
management’s industry estimates, nor has Alamos ascertained the underlying economic assumptions relied upon therein. While Alamos believes internal company estimates are reliable, such estimates have
not been verified by any independent sources, and Alamos makes no representations as to the accuracy of such estimates.
Note to U.S. Investors
Alamos prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to mineral resources in this
presentation are defined in accordance with National Instrument 43 101 Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum
Standards on Mineral Resources and Mineral Reserves. The Unites States Securities and Exchange Commission (the “SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral
deposits that a company can economically and legally extract or produce. Alamos may use certain terms, such as “measured mineral resources”, “indicated mineral resources”, “inferred mineral resources” and
“probable mineral reserves” that the SEC does not recognize (these terms may be used in this presentation and are included in the public filings of Alamos, which have been filed with the SEC and the securities
commissions or similar authorities in Canada).
2
 Cautionary Statements
Cautionary non-GAAP Measures and Additional GAAP Measures
Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess gold mining companies. They are
intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP.
“Cash flow from operating activities before changes in non-cash working capital” is a non-GAAP performance measure that could provide an indication of the Company’s ability to generate cash flows from
operations, and is calculated by adding back the change in non-cash working capital to “Cash provided by (used in) operating activities” as presented on the Company’s consolidated statements of cash flows.
“Free cash flow” is a non-GAAP performance measure that is calculated as cash flows from operations net of cash flows invested in mineral property, plant and equipment and exploration and evaluation assets
as presented on the Company’s consolidated statements of cash flows and that would provide an indication of the Company’s ability to generate cash flows from its mineral projects. “Mine site free cash flow”
is a non-GAAP measure which includes cash flow from operating activities at, less capital expenditures at each mine site. Return on Equity is defined as Earnings from Continuing Operations divided by the
average Total Equity for the current and previous year. “Mining cost per tonne of ore” and “Cost per tonne of ore” are non-GAAP performance measures that could provide an indication of the mining and
processing efficiency and effectiveness of the mine. These measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. “Cost per
tonne of ore” is usually affected by operating efficiencies and waste-to-ore ratios in the period. “Total cash costs per ounce”, “all-in sustaining costs per ounce”, and “mine-site all-in sustaining costs” as used in
this analysis are non-GAAP terms typically used by gold mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period.
These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as
determined by the Company compared with other mining companies. In this context, “total cash costs” reflects mining and processing costs allocated from in-process and dore inventory associated and
associated royalties with ounces of gold sold in the period. Total cash costs per ounce are exclusive of exploration costs. “All-in sustaining costs per ounce” include total cash costs, exploration, corporate and
administrative, share based compensation and sustaining capital costs. “Mine-site all-in sustaining costs” include total cash costs, exploration, and sustaining capital costs for the mine-site, but exclude an
allocation of corporate and administrative and share based compensation.
Additional GAAP measures that are presented on the face of the Company’s consolidated statements of comprehensive income and are not meant to be a substitute for other subtotals or totals presented in
accordance with IFRS, but rather should be evaluated in conjunction with such IFRS measures. This includes “Earnings from operations”, which is intended to provide an indication of the Company’s operating
performance, and represents the amount of earnings before net finance income/expense, foreign exchange gain/loss, other income/loss, and income tax expense. Non-GAAP and additional GAAP measures do
not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies. A reconciliation of historical non-GAAP and additional GAAP
measures are available at www.alamosgold.com.
Technical Information
Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this presentation. Chris Bostwick is a Qualified
Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101 (“NI 43-101”). The Qualified Persons for the National Instrument 43-101 compliant mineral reserve and resource
estimates are detailed in the following table.
Daniel Adam, P. Geo., Ph.D., Vice-President, Exploration, and Leon LeBlanc, P. Eng., Chief Engineer, Island Gold, both employees of Richmont, have reviewed and approved the scientific and technical
information regarding Richmont and its projects contained in this presentation. Daniel Adam and Leon LeBlanc are Qualified Persons within the meaning of NI 43-101.
All figures in US$ unless otherwise indicated.
3
Call Participants
John A. McCluskey Renaud Adams
President and Chief Executive Officer President and Chief Executive Officer
Jamie Porter Robert Chausse
Chief Financial Officer Chief Financial Officer
Peter MacPhail
Chief Operating Officer
4
 Transaction Highlights
Acquisition of a high quality, free cash flowing asset in a world class jurisdiction
• Island Gold is a long-life, high-grade, low-cost underground gold mine located in Ontario, Canada
• Current expansion will see production increase, costs decrease and further free cash flow growth
Solidifies position as leading intermediate gold producer
• Combined diversified gold production of over 500 koz expected in 2017 at all-in sustaining costs1 of ~$900/oz
• Solid long term foundation anchored by three core, low cost, long-life operations in Canada and Mexico
Superior production growth and cost profile
• Island Gold’s near term production growth complements existing peer leading growth profile, while lowering near and long term
cost profile of combined company
Improved operating and free cash flow generation to support peer leading growth pipeline
• Immediate cash flow accretion and stronger operating cash flow to support internal growth initiatives
Stronger financial position and flexibility
• Debt free balance sheet
• Higher combined cash position of approximately US$2292 million to support internal growth initiatives
Revaluation opportunity through enhanced capital markets profile
• Top 10 Canadian and North American gold producer3 with nearly 60% of production coming from Canada
• Expected corporate, tax and other synergies with two underground mines in Ontario
• Increased trading liquidity
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Cash balance shown as at June 30, 2017 and includes equity securities.
3 Based on Wood Mackenzie 2018E estimates for Island Gold and estimates of corporate production in Canada, the United States, and Mexico.
5
 Transaction Summary
• Alamos Gold Inc. (“Alamos”) to acquire Richmont Mines Inc. (“Richmont”) via a Plan of Arrangement
Proposed • Implied equity value of US$770 million1 (C$936 million)
Transaction • Implied enterprise value of US$683 million1 (C$830 million)
• Pro forma ownership: 77% Alamos / 23% Richmont1
• 1.385 Alamos shares per common share of Richmont
Consideration • 22% premium to Richmont’s closing price on September 8, 2017
• 32% premium based on Richmont and Alamos’ 20-day volume-weighted average prices2
• Richmont shareholder vote (66⅔% of shareholder votes cast)
Conditions • Alamos shareholder vote (majority of shareholder votes cast)
• Customary regulatory and court approvals
• Unanimous support for the transaction and lock-up agreements from the Officers and Board of Directors
of both Alamos and Richmont
Other • Customary reciprocal non-solicitation provisions, subject to normal fiduciary outs, and a right to match
• C$35 million reciprocal termination fee in the event of a Superior Proposal to either party
• Completion of the sale of Richmont’s Quebec assets is not a condition to closing
Proposed • Mailing of meeting materials by mid-October 2017
• Shareholder meetings around mid-November 2017
Timing • Closing expected in November 2017
1 Based on market closing on September 8, 2017; equity value and pro forma ownership are based on fully diluted in-the-money shares.
2 Based on TSX trading only; premium calculated based on the VWAPs of both companies. 6
 Pro Forma Capitalization
Alamos Richmont 1
Alamos PF2
Exchanges (exchange) TSX/NYSE TSX/NYSE TSX/NYSE
Trading
Share Price (C$/sh) $10.25 $14.20
Market Capitalization (C$ mm) $3,068 $936 $4,003
Market Capitalization (US$ mm) $2,525 $770 $3,294
Capitalization Enterprise Value (US$ mm) $2,374 $683 $3,057
Cash and Equity Securities (US$ mm) $150 $79 $229
Debt (US$ mm) -- -- --
Shares
Shares Outstanding3 (mm) 299 66 391
Outstanding
Positions pro forma Alamos as a leading intermediate producer with net cash of ~US$230 million
Source: Company filings, FactSet
Note: Cash and debt figures are as at June 30, 2017 and exclude finance leases and contract payment holdbacks; Alamos cash balance includes equity securities.
1 Richmont metrics shown at offer price on a fully diluted in the money basis, excluding cash settled RSUs and DSUs.
2 Alamos PF figures are pro forma the acquisition of Richmont as at June 30, 2017; Alamos PF cash balance is the sum of the two cash balances and does not include transaction costs.
3 Alamos basic shares outstanding (including ITM securities would increase share count by 13 mm). Richmont fully diluted in the money shares outstanding as at June 30, 2017.
7
 Benefits to Alamos Shareholders
• Island Gold is a long-life, high-grade, low-cost underground gold mine located in Ontario, Canada
Acquisition of a high quality,
• Current expansion is anticipated to drive production higher, costs lower & further
free cash flowing asset in a free cash flow growth
world class jurisdiction
• Significant exploration potential to extend mine life beyond current resource
Strengthens core portfolio;
• Adds a third core, long-life producing asset to further diversify asset base
solidifies intermediate
• De-risks portfolio & improves already low risk profile with increased exposure to Canada
producer position
Enhanced production growth • Island Gold provides near term production growth while lowering the combined
& cost profile cost profile
• Immediate earnings & cash flow accretion; stronger operating & free cash flow profile
Stronger cash flow generation
• Stronger balance sheet & financial flexibility with US$229 million cash1 & no debt
to support growth
• Better positioned to internally fund portfolio of growth projects
Increases scale and capital • Elevates Alamos to a >500 koz per year producer with a peer leading growth profile
markets profile • Establishes Alamos as top 10 Canadian and North American gold producer2
Aligns well with Alamos’ core
• Synergies with a second underground gold mine in Ontario
competencies
1 Cash balance shown as at June 30, 2017 and includes equity securities.
2 Based on Wood Mackenzie 2018E estimates for Island Gold and estimates of corporate production in Canada, the United States, and Mexico. 8
 Benefits to Richmont Shareholders
Immediate and significant • 22% premium to Richmont’s closing price on September 8, 2017
premium • 32% premium based on Richmont and Alamos’ 20-day volume-weighted average prices1
• Provides exposure to Alamos’ high quality portfolio of assets including diversified North
Meaningful ownership in a American gold production and peer leading growth profile
stronger combined entity • Maintain exposure to Island Gold’s operating and exploration upside potential
• Synergies realized by pro forma company
• Increased capital markets profile and trading liquidity
Significant revaluation
• Significant revaluation opportunity with exposure to large intermediate producer with
potential
established growth potential approaching 1 million ounces per year
Provides on-going
• Alamos has a long track record of returning capital to shareholders with semi-annual
return of capital for
dividend in place since 2010, returning a total of over US$115 million
shareholders
1 Based on TSX trading only; premium calculated based on the VWAPs of both companies.
9
 Top 10 North American Producer; Leading Growth
YOUNG-DAVIDSON (ONTARIO, CANADA)
2017E Au Production
2017E Au Total Cash Costs
2P Au Reserves
Total Au M&I Resources
Total Au Inf. Resources
ISLAND GOLD (ONTARIO, CANADA)
2017E Au Production
2017E Au Total Cash Costs
2P Au Reserves
Total Au M&I Resources
Total Au Inf. Resources
MULATOS (SONORA, MEXICO)
2017E Au Production
2017E Au Total Cash Costs
2P Au Reserves
Total Au M&I Resources
Total Au Inf. Resources
EL CHANATE (SONORA, MEXICO)
2017E Au Production
2017E Au Total Cash Costs
2P Au Reserves
Total Au M&I Resources
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Note: Mineral resources are exclusive of mineral reserves. See mineral reserve and resource estimates and associated footnotes in appendix.
LYNN LAKE (MANITOBA, CANADA)
200-210 koz Stage Feasibility
US$625/oz Total Au M&I Resources 2.6 Moz (40.3mt @ 2.03 g/t)
3.7 Moz (43.2mt @ 2.65 g/t) Total Au Inf. Resources 2.1 Moz (50.7mt @ 1.28 g/t)
1.2 Moz (12.5mt @ 3.09 g/t)
0.3 Moz (3.6mt @ 2.75g/t)
ESPERANZA (MORELOS, MEXICO)
Stage Permitting
Total Au M&I Resources 1.1 Moz (34.4mt @ 0.98 g/t)
87-93 koz
QUARTZ MOUNTAIN (OREGON, USA)
US$550-590/oz
0.8 Moz (2.5mt @ 9.17 g/t) Stage Advanced Exploration
0.1 Moz (0.5mt @ 5.94 g/t) Total Au M&I Resources 0.3 Moz (12.2mt @ 0.87 g/t)
1.0 Moz (3.0mt @ 10.18 g/t) Total Au Inf. Resources 1.1 Moz (39.2mt @0.91 g/t)
KIRAZLI (TURKEY)
Stage Permitting
2P Au Reserves 0.7 Moz (26.1mt @ 0.79 g/t)
Total Au M&I Resources 0.1 Moz (6.0mt @ 0.43 g/t)
Total Au Inf. Resources 0.1 Moz (5.7mt @ 0.59 g/t)
150-160 koz
US$815/oz AĞI DAĞI (TURKEY)
1.9 Moz (50.0mt @ 1.17 g/t)
Stage Permitting
2.8 Moz (76.1mt @ 1.14 g/t)
2P Au Reserves 1.2 Moz (54.4 mt @ 0.67 g/t)
0.3 Moz (10.3mt @ 0.98 g/t)
Total Au M&I Resources 0.5 Moz (34.9 mt @ 0.46 g/t)
Total Au Inf. Resources 0.2 Moz (16.8mt @ 0.46 g/t)
ÇAMYURT (TURKEY)
50-60 koz
Stage Resource Dev.
US$1,200/oz
Total Au M&I Resources 0.5 Moz (17.7mt @ 0.89 g/t)
0.3 Moz (10.8mt @ 0.56g/t)
Total Au Inf. Resources 0.1 Moz (2.8mt @0.95 g/t)
0.1 Moz (4.4mt @ 0.66 g/t)
Producing Assets
Exploration / Development Assets 10
 Increases Alamos’ Exposure to Tier 1 Jurisdictions
Asset NPV by Geography 2018 – 2020 Production by Geography
Turkey
Turkey 8%
20%
Canada Mexico
Canada
57% 34%
Mexico 58%
23%
Reserves by Geography Asset NPV by Stage
Turkey
22% Development
28%
Canada
Mexico 52%
Production
26%
72%
Acquisition of Island Gold strengthens and de-risks Alamos’ portfolio
Source: Select street research
Please refer to Cautionary Statements. 11
 Island Gold Mine Overview
Asset Description Highly Productive Gold Mining District
• High grade underground gold mine located northeast of Wawa, >25 Moz 11
gold produced 3 Hoyle Pond, Goldcorp
Hearst
Ontario in a well established gold district Detour Lake Mine, Detour Gold
>35 Moz in defined reserves Bell Creek, Tahoe
• Began commercial production in October 2007 Smooth Rock Falls
ONTARIO Cochrane Black Fox, McEwen
• Ore currently processed at rate of ~930 tpd1 Marathon
Island Gold,
Timmins West, Tahoe
Iroquois Falls Holloway, Kirkland Lake
Richmont
• Expansion underway to 1,100 tpd as detailed in May 2017 PEA 17 Timmins
Borden, Goldcorp
– Annual production expected to increase to average 125 koz at Hemlo, Barrick
Hislop,
Holt, Kirkland Lake
101
Wawa
mine-site AISC of US$550/oz for the period of 2019-2024 Eagle River, Wesdome Dome Mine, Goldcorp
Kirkland Lake
101
– Minimal incremental capital of US$23 mm2 with mill expansion Magino, Argonaut
144
Macassa, Kirkland Lake
expected to be completed in latter part of 2018 Cote, IAMGOLD
Lake Superior
Young Davidson, Alamos
• Upside potential reflecting inclusion of all mineral resources and Mine
0 50 100km 17
Porcupine, Goldcorp
City Pamour (PJV), Goldcorp
exploration potential laterally and at depth
Growing Production; Declining Costs Recent Operating Performance
Q1/17A Q2/17A H1/17 2017E6
Ounces Sold (koz) AISC (US$/oz) Gold Production (koz) 23.8 26.1 49.9 87-93
Total Cash Costs7 (US$/oz) $504 $431 $463 $550-$590
$1,452 Mine-site AISC7 (US$/oz) $640 $503 $563 $725-$765
95
Sustaining Capital (US$ mm) $3.1 $2.1 $5.2 $15-$17
$1,192 82
$1,136 Expansion Capital (US$ mm) $4.5 $4.4 $8.9 $25-$27
Exploration (US$ mm) $2.8 $3.6 $6.5 $11-$12
52 RIC Corporate FCF5 (US$ mm) $0.4 $14.3 $14.8
42 $745 $723
35
Tonnes Grade oz Au
Gold Reserves & Resources
(000) (g/t Au) (000)
P&P Reserves 2,551 9.17 752
M&I Resources 479 5.94 91
4
2013A 2014A 2015A 2016A 2017E Inferred Resources 3,042 10.18 996
Source: Company filings, SNL, street research
1 Oreprocessed averaged 933 tpd in H1 2017. 3 Since 1985. 5 Richmont consolidated corporate OCF less capex. 7 Please refer to Cautionary Notes on non-GAAP Measures
2 Expansioncapital of C$28.2 mm converted at 0.80x US$ per C$. 4 Based on analyst consensus estimates. 6 Richmont 2017E guidance. and Additional GAAP Measures. 12
 Island Gold – High Grade, Low Cost, Canadian Asset
Mineral Reserve Grade (g/t Au) 2017E All-in Sustaining Costs (US$/oz)

$1,200
$1,150
$1,113
20.8

$1,075
$1,050
$985
$980
$870
$787
14.6

$782
$775
$735
$730
$720
$715
$713
$700
$550
9.2 9.2 8.8
8.4 8.3
7.7 7.3
6.4 6.1
4.6 4.5 4.3 4.3 4.2
3.6
2.7
1.1 1.0

Macassa
Lapa

Eagle River
LaRonde

Meliadine
Canadian Malartic

Westwood

Black Fox
Seabee

Island Gold

Eleonore
Bell Creek
Red Lake

Casa Berardi
Musselwhite
Island PEA 2019-2024

Detour Lake
Young-Davidson
Macassa

Eagle River

Seabee
Westwood

Black Fox
Meliadine

Lapa
LaRonde
Brucejack
Island Gold

Red Lake
Hope Bay

Eleonore

Casa Berardi

Bell Creek

Canadian Malartic
Musselwhite

Detour Lake
Timmins West
Young-Davidson
Island Gold is one of the highest quality producing assets in Canada,
and one of a few not in a senior portfolio
Source: Company filings
Note: AISC based on midpoint of 2017 guidance where available, otherwise 1H/17 metrics shown. Eagle River AISC shown is Wesdome consolidated. Bell Creek AISC shown consolidated with Timmins West. TMAC 13
AISC excluded due to recent guidance revisions. Island Gold based on PEA.
 Island Gold PEA Highlights and Operating Profile
Expansion Case PEA Summary (1,100 tpd)1 Island Gold Operating Profile (PEA)
C$ US$ Gold Production (koz) AISC (US$/oz)
Targeted mill throughput run-rate year H2 2018 H2 2018 $881
Avg annual production (koz): 2019 – 20242 125 koz 125 koz $735
Avg operating unit cost ($/t) $191 $141
$550
Avg annual Cash Costs ($/oz): LOM 5 $652 $483
Avg annual AISC ($/oz): 2019 – 20242,5 $743 $550 39% Growth
125
Avg annual AIC ($/oz): LOM5 $910 $674
90 94
Sustaining capital ($m): LOM $168 $124
Project capital ($m)3: LOM $68 $50
Cumulative Net Cash Flow ($m)4 $749 $555
2017E 2018E 2019E - 2024E Average
39% -25% C$28.2 mm Significant upside potential
projected expected decrease Low incremental >750 koz of Inferred resources not factored
production growth in LOM AISC expansion capital into mine plan + ongoing exploration potential
Source: Company disclosure, street research
1 The Expansion Case PEA assumes a spot gold price of C$1,700/oz and US$1,260/oz and a C$:US$ exchange rate of 1.35.
2 Excludes the 2017 and 2018 ramp-up period.
3 Project capital includes incremental expansion capital of C$28.2m and accelerated mine development/infrastructure capital of C$40m.
4 Net cash flow is undiscounted pre-tax cash flow after all operating costs, project and sustaining capital.
5 Please
14
refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
 Island Gold Mineral Reserve & Resource Growth
Mineral Reserves and Resources Over Time (koz)
Inf. Resources M&I Resources Reserves Cumulative Ounces Sold1
+34%
Increase in 2016 year end mineral
752 reserves
144 184
233
219 562
91
+44%
Mineral reserve grade increase since
72 2014
141
111
1,037 1,003 996 +30%
768
172 564 Increase in 2016 year end inferred
154
mineral resource; 20% increase in grade
67
179
221 256
298
~$35/oz
351
433 Low discovery costs
2007-2011 2012 2013 2014 2015 2016
Strong track record of mineral reserve & resource growth
Source: Company disclosure
1 Cumulative
ounces of gold sold since 2011.
15
 Island Gold Exploration Potential
Significant Exploration Potential at Depth and to the East
Early results from delineation
drilling demonstrate ability to
potentially expand reserves at
higher average grades
Recent results highlight significant
potential for resource growth at
depth & to the east including
• 19.85 g/t over 8.4m
Less than 15% of land package
drilled
Potential for mineralization to
extend to at least 2km depth
Source: Company disclosure 16
 Enhances Production Profile & Cash Flow Generation
Pro Forma Operating Profile (consensus) Pro Forma Operating Cash Flow Profile (consensus)
2
RIC Gold Production (koz) AGI Gold Production (koz) AGI OCF (US$ mm) RIC OCF (US$ mm)
PF AGI AISC (US$/oz)1
Island Gold increases production Island Gold increases cash flow
by an average of +25% by an average of +34%
$946 $377
622 $319 $68
$912
567
513 516 108 $255
$239 $103
138
95 95 $60
$862 $65
$847 $308
418 421 513 $216
$195
429 $174
2017E 2018E 2019E 2020E 2017E 2018E 2019E 2020E
Island Gold delivers meaningful production growth and superior cash flow generation
Source: Select street research
1 Pleaserefer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 RIC
17
OCF based on consensus Island Gold cash operating margin and adjusted for tax.
 Diversified Production; Disciplined, Multi-stage Growth
Ongoing Exploration
• La Yaqui Grande – significant mineral reserve and resource growth since 2015 discovery
Mulatos District • Multiple targets in large underexplored land package; >70% past drilling focused near mine
• Resource growth potential laterally to the east and at depth
Island Gold • Less than 15% of the land package drilled
Esperanza • Average annual production potential >100,000 oz; excellent infrastructure; low technical risk
• Located in Oregon on the northern extension of prolific Basin & Range Province of Nevada
Quartz Mountain • Low strip, favourable metallurgy
Permitting / Development
Production: 104 koz • Low cost, open pit, heap leach project
Kirazlı2 Mine-site AISC1: $373/oz • 44% after-tax IRR outlined in 2017 feasibility study
Aği Daği2
Production: 178 koz
Mine-site AISC1: $411/oz
•
•
Low cost, open pit, heap leach project
39% after-tax IRR outlined in 2017 feasibility study >400 koz
Çamyurt2
Production: 93 koz • 253% after-tax IRR outlined in 2017 PEA Combined annual
Mine-site AISC1: $645/oz • Minimal initial capital; shared Aği Daği infrastructure
production growth potential
Feasibility Study • High grade, open pit
Lynn Lake Q3 2017 • Feasibility study expected in late Q3 2017
North American Production
Production: 200-210 koz • 15 year mineral reserve life
Young-Davidson Mine-site AISC1: $775/oz • One of Canada’s largest underground gold mines
487-523 koz
• One of Canada’s highest grade underground mines
Production: 87-93 koz
Island Gold • 8-year mine life based on PEA; significant upside potential
Mine-site AISC1: $745/oz
incorporating existing resources
Production: 150-160 koz • 5-year reserve life within main open pit 2017 combined
Mulatos Mine-site AISC1: $890/oz • Significant mine life extension potential through La Yaqui & other nearby deposits production guidance
Production: 50-60 koz • Mature operation; significant free cash flow expected at the end of
El Chanate Mine-site AISC1: $1,200/oz mine life through residual leaching
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Average annual production and mine-site AISC as detailed in the 2017 Kirazlı & Aği Daği feasibility studies & Çamyurt preliminary economic assessment. Please refer to press releases dated February 15 and 22, 2017 for more detail. 18
 Alamos Pro Forma Operational Benchmarking
2018E – 2020E Production Growth (%)
24%
20% 20%
14%
2%
(1%) (1%)
(7%) (9%)
(12%) (14%)

SSR Mining
Kirkland Lake
Centerra

Torex

B2Gold
Tahoe

OceanaGold
Alamos PF

Detour
New Gold
Eldorado

2017E Production (koz Au) 2017E AISC1 (US$/oz)

787 Larger decrease expected over longer term with
585 582
Island Gold AISC1 averaging US$550/oz 2019+
557 549
513
425 403 $1,050 $1,082
350 $967 $986
311 292 $910 $912
$798 $829 $847
$768
$673

Centerra

Eldorado

B2Gold

Detour
Torex
New Gold

Kirkland Lake

SSR Mining
OceanaGold

Alamos PF

Tahoe
Centerra

Detour

B2Gold

Torex
Kirkland Lake

SSR Mining
OceanaGold

Alamos PF

Tahoe

New Gold

Eldorado
Source: Street research
1Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures. 19
 Alamos Pro Forma Financial Benchmarking
Market Capitalization (US$ bn)
$3.3
$2.8 $2.8
$2.5 $2.4
$2.2 $2.1
$1.6 $1.5 $1.4 $1.3

Tahoe

SSR Mining
Kirkland Lake

Centerra
B2Gold

Torex
OceanaGold
Alamos PF

Detour

New Gold

Eldorado
Net Cash (Debt) (US$ mm)
$232 $229
$175
$105 $87
($184) ($247)
($318) ($331)
($452) ($681)
1

SSR Mining
Kirkland Lake

Torex

Centerra
Tahoe

B2Gold
Alamos PF

Detour

OceanaGold
Eldorado

New Gold
Source: Company filings, FactSet
1 Debtexcludes finance leases and contract payment holdbacks; Alamos cash balance includes equity securities. 20
 Compelling Investment Thesis
~C$4 bn market cap producer
Alamos Positioned Production in excess of 500 koz Au per year
For Revaluation Internal growth potential approaching 1 Moz Au per year
Top 10 North American gold producer
P/NAV Multiples
1.7x 1.7x
1.5x 1.4x 1
1.4x 1.4x Large, North American Focused Peer Average: 1.4x
1.1x 1.1x 1.1x
1.2x 1.2x 1.0x 1.0x
0.7x
0.5x

Yamana
Kinross
Agnico

Barrick
Newmont

IAMGOLD

B2Gold

Centerra

Alamos

Tahoe
Kirkland Lake

Goldcorp
New Gold

Eldorado
OceanaGold
Source: Company disclosure, FactSet, street research
Note: Peer average excludes Alamos.
1 Peeraverage includes Agnico, Newmont, Barrick, Kirkland Lake, Kinross, New Gold, IAMGOLD, Yamana, and Goldcorp. 21
Transaction Highlights
Acquisition of a high quality, free cash flowing asset in a world class jurisdiction
Solidifies position as leading intermediate gold producer
Superior production growth and cost profile
Improved operating & free cash flow generation to support peer leading growth pipeline
Stronger balance sheet & financial flexibility
Revaluation opportunity through enhanced capital markets profile
22
Appendices
23
 Young-Davidson – Flagship, Long-Life Production
Location: Ontario, Canada
Ownership: 100% interest
Stage: Producing
Operation: Underground
• One of Canada’s largest underground gold mines
• Highly mechanized, highly productive bulk
underground mining
• Significant Canadian dollar exposure; ~95% of costs
2015A 2016A 2017E Q1/17A Q2/17A
Gold Production (koz)
Cost of Sales1 (US$/oz)
Total Cash Costs2,3 (US$/oz)

160.4
$1,162
$683

170.0
$1,087
$657

200-210
$1,050
$625

40.4
$1,148
$710

47.3
$1,113
$677
15 year
Mine-site AISC2,3 (US$/oz) $986 $897 $775 $851 $895 mine life based on year end 2016
Total Capital (US$m) $108 $95 $70-80 $18.6 $22.7 mineral reserves
Mine-site FCF2 (US$m) ($23) $4 - $0 $5
Tonnes Grade oz Au
Gold Reserves & Resources4
(000) (g/t Au) (000) Large resource base &
P&P Underground Reserves 42,054 2.70 3,653
M&I Underground Resources 10,792 3.39 1,177 exploration potential to support
Inferred Underground Resources 3,524
1 Cost of sales includes mining and processing costs, royalties and amortization.

2.76 313
mine life extension
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
3 Excludes Net Realizable Value (“NRV”) inventory adjustments. See associated MD&A for a full reconciliation.
4 See mineral reserve and resource estimates and associated footnotes in appendix. 24
 Young-Davidson – Ramp up of Underground Mining
6,000 tpd Gold Production (000 oz)
+28%
Mine-site AISC1 (US$/oz)
-21%
average underground mining rate in 2016 200-210
$986
$897
6,500 - 7,500 tpd 160
170
$775
underground mining rate expected in 2017
8,000
2015A 2016A 2017E 2015A 2016A 2017E
7,000
Cost of Sales2 (US$/oz) Total Capital Spending (US$m)
6,000
-10% -31%
5,000
$108
$1,162
$95
4,000 $1,087
$1,050
$70-80
3,000
2,000
2015A 2016A 2017E 2015A 2016A 2017E
1,000
0
Growing production; declining
Q1/13
Q2/13
Q3/13
Q4/13
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
1 Please

Underground TPD
refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.

Mill TPD
costs; declining capital intensity
2 Cost of sales includes mining and processing costs, royalties and amortization. 25
 Mulatos – Our Founding Operation
Location: Sonora State, Mexico
Ownership: 100% interest
Stage: Producing
Operation: Open pit, heap leach & high grade mill
• Initial production 2005
• 1.7m oz produced to date; 5% NSR capped at 2m oz
• Mine life of 5 years based on YE 2016 reserves
• Large exploration package (28,773 ha)
2015A 2016A 2017E Q1/17A Q2/17A
Gold Production (koz) 140.3 154.0 150-160 40.0 41.0
Cost of Sales1 (US$/oz)
Total Cash Costs2 (US$/oz)
$1,128
$869
$1,088
$838
$1,015
$815
$1,034
$827
$902
$735
~$375m
Mine-site AISC2 (US$/oz) $1,047 $916 $890 $920 $777
Total Capital3 (US$m) $45 $33 $33-40 $11.4 $14.6
Free cash flow2 generated to date
Mine-site FCF2,4 (US$m) ($19) $27 - $3 $11
Tonnes Grade oz Au
Gold Reserves & Resources5
P&P Reserves
(000)
49,995
(g/t Au)
1.17
(000)
1,885 Declining cost profile
M&I Resources 76,084 1.14 2,798 2017 AISC expected to decrease ~$160/oz from
Inferred Resources 10,280 0.98 325 2015; 5% royalty nearing completion
1 Cost of sales includes mining and processing costs, royalties and amortization.
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
3 Capital spending guidance for 2016 and 2017 excludes capitalized exploration. 2017 guidance includes La Yaqui Phase I development capital.
4 Excluding LY Phase I capital expenditures.
5 See
26
mineral reserve and resource estimates and associated footnotes in appendix.
 Mulatos – District Exploration Potential
Mulatos District
Ongoing exploration success
Improved land access & renewed focus – 2017
Mulatos exploration budget of $17m Mulatos mine
778 koz
Combined mineral reserves1,2 at La Yaqui &
Cerro Pelon, a 254% increase since 2014
La Yaqui & Cerro Pelon
1000
Proven & Probable Mineral Reserves
900 Measured & Indicated Mineral Resources
Inferred Mineral Resources 115
800
700
Ounces (000 Au)

600
500
236
400 778
300 47 District potential
200
Large underexplored land package; >70% of past
220 259
100 drilling focused near Mulatos mine
0 1,2
2014 2015 2016
1 See mineral reserve and resource estimates and associated footnotes in appendix.
2 Includes Proven & Probable reserves of 608,000 oz (13.5 mt at 1.40 g/t Au), Measured & Indicated resources of 68,000 oz (1.1 mt at 1.91 g/t Au) & Inferred resources of 8,000 oz (0.2 mt at 1.39 g/t Au) for La Yaqui and Proven & Probable
27
reserves of 170,000 oz (3.3 mt at 1.63 g/t Au), Measured & Indicated resources of 47,000 oz (0.6 mt at 2.56 g/t Au) & Inferred resources of 4,000 oz (0.1 mt at 1.23 g/t Au) for Cerro Pelon as reported in news release dated February 23, 2017.
 El Chanate – Consistent Gold Producer
Location: Sonora State, Mexico
Ownership: 100% interest
Stage: Producing
Operation: Open pit, heap leach
• Positive free cash flow generation in 2016
• Significant free cash flow at end of mine life – low
cost production through residual leaching
2015A 2016A 2017E Q1/17A Q2/17A
Gold Production (koz) 79.3 68.0 50-60 15.8 17.6
Cost of Sales1 (US$/oz)
Total Cash Costs2,3 (US$/oz)
$1,504
$808
$1,177
$1,052
$1,265
$1,200
$1,218
$1,144
$1,242
$1,185
$1,242/oz
Mine-site AISC2,3 (US$/oz) $978 $1,069 $1,200 $1,187 $1,208 Minimum realized gold price with
Total Capital (US$m) $14 $1 $2 $1 $0.3 H2 2017 production hedged5
Mine-site FCF2 (US$m) $3 $5 - ($2) $3
Tonnes Grade
$5m
oz Au
Gold Reserves & Resources4
(000) (g/t Au) (000)
P&P Reserves – Open Pit 10,812 0.56 193
P&P Reserves – Leach Pad Inventory - - 100 Site free cash flow2 generated in 2016
M&I Resources 4,415 0.66 93
1 Cost of sales includes mining and processing costs, royalties and amortization.
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
3 Excludes Net Realizable Value (“NRV”) inventory adjustments. See associated MD&A for a full reconciliation.
4 See mineral reserve and resource estimates and associated footnotes in appendix.
5
28
El Chanate’s H2 2017 expected production has been hedged through gold collars ensuring minimum gold price of $1,242/oz and participation up to $1,409/oz.
 Development: Kirazlı, Ağı Dağı & Çamyurt
Location: Turkey
Ownership: 100% interest
Stage: Development
Operation: Open pit, heap leach
• Kirazlı & Ağı Dağı EIA’s approved
• Kirazlı Forestry Permits granted January 2017
• Kirazlı & Ağı Dağı feasibility studies & Çamyurt PEA
completed February 2017
• Tax incentives & mining law supportive of industry
Tonnes Grade Contained Ounces
Kirazlı2
Proven & Probable
(000)
26,104
(g/t Au) (g/t Ag)
0.79 12.01
(000 Au) (000 Ag)
665 10,078
185%
Measured & Indicated 5,966 0.43 2.18 82 418
Increase in combined after-tax NPV8% of Kirazlı &
Inferred 5,689 0.59 8.96 108 1,638
Ağı Dağı2 Ağı Dağı1 from 2012 prefeasibility study
Proven & Probable 54,361 0.67 5.41 1,166 9,459
Measured & Indicated 34,887 0.46 2.18 518 2,445
Inferred 16,760 0.46 2.85 245 1,534
Çamyurt2
Measured & Indicated 17,721 0.89 6.14 508 3,497
Low cost, high return growth
Inferred 2,791 0.95 5.77 85 518
1 Please refer to press releases dated Feb 15 and Feb 22, 2017 regarding Kirazli & Agi Dagi feasibility studies & Camyurt preliminary economic assessment.
2 See mineral reserve and resource estimates and associated footnotes in appendix.
29
 Kirazlı, Ağı Dağı & Çamyurt Economic Studies
>39% $600
+236%
After-tax IRR for each of Kirazlı, Ağı Dağı & Çamyurt1
$86m
$500
After- tax NPV8% (US$m)
Kirazlı Ağı Dağı
Çamyurt
2017 Positive Economic Studies1 Feasibility Feasibility $400
PEA
Study Study
$298m
Mine Life Years 5 6 4 $300
oz Au 104,000 177,600 93,200
Average Annual Production $200
oz Ag 617,300 444,200 403,000
Average grade g/t Au 0.79 0.67 0.92 $88m
$100 $187m
Mine-site AISC2 US$m $373 $411 $645
$82m
Initial Capex US$m $152 $250 $10 $0
1 1
2012 2017
Total Capex US$m $180 $313 $26
Kirazlı Ağı Dağı Çamyurt
After-tax NPV5% US$m $223 $360 $111
After-tax NPV8% US$m $187 $298 $86
Stronger economics; attractive
After-tax IRR % 44% 39% 253%
Gold Price Assumption US$/oz $1,250 $1,250 $1,250 in any gold price environment
1 Please refer to press releases dated Feb 15 and Feb 22, 2017 regarding Kirazli & Agi Dagi Feasibility studies & Camyurt PEA. After-tax NPV8% in 2012 prefeasibility study and after-tax NPV8% and IRR in 2017 feasibility studies and PEA
assume gold and silver prices of $1,250 and $16 per ounce, respectively.
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
30
 Development: Lynn Lake Project
Location: Manitoba, Canada
Ownership: 100% interest
Stage: Feasibility
Operation: Open pit
• Located in the prospective Lynn Lake Mining
District
• High grade, open pit
• Exploration potential
• Existing infrastructure in place Life of Mine Production Profile1
• Low cost hydroelectric power 250
• Feasibility study expected in late Q3 2017

Gold (koz per year)

200
150
Tonnes Grade oz Au
Gold Reserves & Resources2 100
(000) (g/t Au) (000)
M&I Resources 40,303 2.03 2,629 50
Inferred Resources 50,704 1.28 2,089
0
1 2 3 4 5 6 7 8 9 10 11 12
1 For more information regarding the Lynn Lake District, please refer to the press release issued by Carlisle Goldfields dated February 27, 2014 titled Carlisle
Life of Mine (years)
Announces Optimized PEA of the Farley and MacLellan deposits at Lynn Lake returns Post-Tax IRR of 26.3% at US$1,100 gold price available on SEDAR.
2 See mineral reserve and resource estimates and associated footnotes in appendix.
3 Pleaserefer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures. 31
 Development: Esperanza & Quartz Mountain
Project: Esperanza
Location: Morelos State, Mexico
Ownership: 100% interest
Stage: Development
Operation: Open pit, heap leach
• Excellent infrastructure; low technical risk
• Low capital intensity and operating costs Tonnes Grade Contained Ounces
• Average annual production potential > 100,000 oz (000) (g/t Au) (g/t Ag) (000 Au) (000 Ag)
Measured & Indicated3 34,352 0.98 8.09 1,083 8,936
• All-in sustaining costs expected to be lowest quartile1
Inferred 718 0.80 15.04 18 347
Project: Quartz Mountain
Location: Oregon, United States
Quartz Butte
Ownership: Right to earn a 100% interest4
Crone Hill
Stage: Advanced Exploration
• Located on northern extension of prolific Basin & Range
Province of Nevada Tonnes Grade Contained Ounces
• Low strip ratio, favourable metallurgy2 (000) (g/t Au) (000 Au)
• Acquisition cost $3.5m Measured & Indicated3 12,156 0.87 339
Inferred 39,205 0.91 1,147
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Historic column recovery tests for gold at Quartz Mountain varied between 74% and 88% for the felsic rock hosted mineralization; see Orsa Ventures press release dated February 12, 2013.
3 See mineral reserve and resource estimates and associated footnotes in appendix.
4 32
Additional C$3m due on completion of feasibility study & C$15m or 2% NSR upon successful permitting.
 2017 Guidance – Alamos Gold
2017 Guidance 2016 Actuals
Young-Davidson Mulatos El Chanate Total Total
Gold production (000’s ounces) 200-210 150-160 50-60 400-430 392
Cost of Sales (in millions)4 $215 $157 $70 $442 $429
Cost of Sales ($/oz)4 $1,050 $1,015 $1,265 $1,065 $1,103
Total cash costs ($/oz)1 $625 $815 $1,200 $765 $797
All-in sustaining costs ($/oz)1 $940 $1,010
Mine-site all-in sustaining costs ($/oz)1,3 $775 $890 $1,200 -
Capital expenditures (in millions)
Sustaining capital1 $30-35 $8-10 $2 $40-47 $49
Growth capital1 $40-45 $25-302 - $65-75 $97
Total – Operating Mines1 $70-80 $33-40 $2 $105-122 $128
Total – Development Projects $35-61 $18
Total Consolidated Budget $140-183 $147
Corporate & Administrative (in millions) $16 $16
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Excludes capitalized exploration.
3 For the purposes of calculating mine-site all-in sustaining costs at individual mine sites, the Company does not include an allocation of corporate and administrative and share based compensation expenses to the mine sites.
4 Cost of sales includes mining and processing costs, royalties, and amortization expense. 33
 2017 Guidance – Island Gold Mine
Island Gold Mine
2017 Guidance 2016 Actuals
Gold production (000’s ounces) 87-93 83
Total cash costs (US$/oz) $550-590 $587
All-in sustaining costs (US$/oz) $725-765 $745
Capital expenditures (in US$ millions1)
Sustaining capital $16-18 $13
Growth capital2 $27-29 $30
Exploration & project evaluation $12-13 $11
Total $54-60 $54
Source: Company disclosure. See news release dated February 2, 2017.
1 2017 Guidance converted at spot rate of 1.22.
2 Ongoing deployment of growth capital is contingent upon the receipt of a confirmatory PEA for 1,100 tpd and a minimum gold price of C$1,550/oz; exclusive of capital requirements related to a
mill expansion in 2018 as contemplated in the PEA.
34
2016 Proven & Probable Mineral Reserves
PROVEN AND PROBABLE GOLD RESERVES (as at December 31, 2016)
Proven Reserves Probable Reserves Total Proven and Probable
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's)
Young-Davidson - Surface 1,165 0.91 34 - - - 1,165 0.91 34
Young-Davidson - Underground 14,851 2.80 1,336 27,203 2.65 2,317 42,054 2.70 3,653
Total Young-Davidson 16,016 2.66 1,370 27,203 2.65 2,317 43,220 2.65 3,687
Mulatos Main Pits 4,173 1.02 137 21,847 0.87 613 26,020 0.90 750
San Carlos Underground 72 13.06 30 34 8.64 9 106 11.65 40
Stockpiles 7,129 1.38 317 - - - 7,129 1.38 317
La Yaqui 470 1.48 22 1,469 1.37 65 1,939 1.40 87
La Yaqui Grande - - - 11,548 1.40 521 11,548 1.40 521
Cerro Pelon 960 1.70 53 2,293 1.59 117 3,253 1.63 170
Total Mulatos 12,804 1.36 559 37,191 1.11 1,325 49,995 1.17 1,885
El Chanate - Open Pit 7,008 0.51 114 3,804 0.65 79 10,812 0.56 193
El Chanate - Leach Pad Inv. - - 100 - - - - - 100
Total El Chanate 7,008 0.95 214 3,804 0.65 79 10,812 0.84 293
Agi Dagi 1,450 0.76 36 52,911 0.66 1,130 54,361 0.67 1,166
Kirazli 700 1.25 28 25,404 0.78 637 26,104 0.79 665
Total Turkey 2,150 0.93 64 78,315 0.70 1,767 80,465 0.71 1,831
Alamos - Total 37,979 1.81 2,208 146,513 1.17 5,488 184,492 1.30 7,696
PROVEN AND PROBABLE SILVER MINERAL RESERVES (as at December 31, 2016)
Proven Reserves Probable Reserves Total Proven and Probable
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's)
La Yaqui 470 7.40 112 1,469 7.19 340 1,939 7.25 452
La Yaqui Grande - - - 11,548 19.94 7,403 11,548 19.94 7,403
Ağı Dağı 1,450 6.22 290 52,911 5.39 9,169 54,361 5.41 9,459
Kirazli 700 15.90 358 25,404 11.90 9,720 26,104 12.01 10,078
Alamos - Total 2,620 9.02 760 91,332 9.07 26,632 93,952 9.07 27,392
35
2016 Total Measured & Indicated Mineral Resources
MEASURED AND INDICATED GOLD MINERAL RESOURCES (as at December 31, 2016)
Measured Resources Indicated Resources Total Measured and Indicated
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's)
Young-Davidson - Surface 496 1.13 18 1,242 1.28 51 1,739 1.24 69
Young-Davidson - Underground 5,876 3.33 629 4,916 3.47 548 10,792 3.39 1,177
Total Young-Davidson 6,373 3.16 647 6,158 3.03 599 12,531 3.09 1,246
Mulatos 8,270 1.24 330 64,221 1.08 2,224 72,491 1.10 2,554
San Carlos UG 196 6.11 39 362 4.70 55 558 5.20 93
La Yaqui - - - 1,108 1.91 68 1,108 1.91 68
Cerro Pelon 117 2.75 10 455 2.52 37 572 2.56 47
Carricito 58 0.82 2 1,297 0.82 34 1,355 0.83 36
Total Mulatos 8,641 1.37 381 67,443 1.12 2,418 76,084 1.14 2,798
El Chanate 1,092 0.55 19 3,323 0.69 74 4,415 0.66 93
MacLellan 15,010 1.99 960 17,374 1.75 976 32,384 1.86 1,936
Gordon - - - 5,914 3.21 610 5,914 3.21 610
Burnt Timber - - - 1,021 1.40 46 1,021 1.40 46
Linkwood - - - 984 1.16 37 984 1.17 37
Total Lynn Lake 15,010 1.99 960 25,293 2.05 1,669 40,303 2.03 2,629
Esperanza 19,226 1.01 622 15,126 0.95 462 34,352 0.98 1,083
Ağı Dağı 553 0.44 8 34,334 0.46 510 34,887 0.46 518
Kirazli 118 0.50 2 5,848 0.43 80 5,966 0.43 82
Çamyurt 513 1.00 16 17,208 0.89 492 17,721 0.89 508
Total Turkey 1,184 0.68 26 57,390 0.59 1,082 58,574 0.59 1,108
Quartz Mountain 214 0.95 7 11,942 0.87 333 12,156 0.87 339
Alamos - Total 51,740 1.60 2,661 186,675 1.11 6,637 238,415 1.21 9,298
MEASURED AND INDICATED SILVER MINERAL RESOURCES (as at December 31, 2016)
Measured Resources Indicated Resources Total Measured and Indicated
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's)
La Yaqui Grande - - - 1,108 15 523 1,108 15 523
Esperanza 19,226 7.25 4,482 15,126 9.16 4,455 34,352 8.09 8,936
Ağı Dağı 553 1.59 28 34,334 2.19 2,417 34,887 2.18 2,445
Kirazli 118 2.73 10 5,848 2.17 408 5,966 2.18 418
Çamyurt 513 5.63 93 17,208 6.15 3,404 17,721 6.14 3,497
Alamos - Total 20,410 7.03 4,613 73,624 4.73 11,207 94,034 5.23 15,819 36
2016 Total Inferred Mineral Resources
INFERRED GOLD MINERAL RESOURCES
(as at December 31, 2016)
Tonnes Grade Ounces
(000's) (g/t Au) (000's)
Young-Davidson - Surface 31 0.99 1
Young-Davidson - Underground 3,524 2.76 313
Total Young-Davidson 3,555 2.75 314
Mulatos 8,935 0.92 265
San Carlos UG 162 4.93 26
La Yaqui 174 1.39 8
Cerro Pelon 109 1.23 4
Carricito 900 0.74 22
Total Mulatos 10,280 0.98 325
El Chanate 112 0.71 3
MacLellan 1,898 2.01 123
Gordon 4,364 2.87 403
Burnt Timber 23,438 1.04 781
Linkwood 21,004 1.16 783
Total Lynn Lake 50,704 1.28 2,089
Esperanza 718 0.80 18
Ağı Dağı 16,760 0.46 245
Kirazli 5,689 0.59 108
Çamyurt 2,791 0.95 85
Total Turkey 25,240 0.54 438
Quartz Mountain 39,205 0.91 1,147
Alamos - Total 129,815 1.04 4,334
INFERRED SILVER MINERAL RESOURCES
(as at December 31, 2016)
Tonnes Grade Ounces
(000's) (g/t Ag) (000's)
La Yaqui Grande 174 5.55 31
Esperanza 718 15.04 347
Ağı Dağı 16,760 2.85 1,534
Kirazli 5,689 8.96 1,638
Çamyurt 2,791 5.77 518
Alamos - Total 26,132 4.84 4,068 37
 Notes to Mineral Reserve and Resource Estimates
Qualified Persons:
Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this presentation. Chris Bostwick is a Qualified
Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101 (“NI 43-101”). The Qualified Persons for the National Instrument 43-101 compliant mineral reserve and resource
estimates are detailed in the following table.
Mineral Resources
Jeffrey Volk, CPG, FAusIMM Director - Reserves and Resources, Young-Davidson, El Chanate, San Carlos U/G, Lynn Lake
Alamos Gold Inc.
Marc Jutras, P.Eng Principal, Ginto Consulting Inc. Mulatos Pits, Cerro Pelon, La Yaqui, Carricito, Esperanza, Ağı Dağı,
Kirazlı, Çamyurt, Quartz Mountain
Mineral Reserves
Chris Bostwick, FAusIMM VP Technical Services, Alamos Gold Inc. Young-Davidson, El Chanate,
San Carlos Underground
Herb Welhener, SME-QP VP, Independent Mining Consultants Inc. Mulatos Pits, Cerro Pelon, La Yaqui, Ağı Dağı, Kirazlı
Notes to Mineral Reserve and Resource Tables:
• The Company’s Mineral Reserves and Mineral Resource as at December 31, 2016 are classified in accordance with the Canadian Institute of Mining Metallurgy and Petroleum’s “CIM Standards on Mineral
Resources and Reserves, Definition and Guidelines” as per Canadian Securities Administrator’s NI 43-101 requirements.
• Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.
• Mineral Resources are exclusive of Mineral Reserves.
• Mineral Reserve cut-off grade for the Mulatos Mine, the Cerro Pelon Pit, the La Yaqui Pit, the Kirazlı Pit and the Ağı Dağı Pit are determined as a net of process value of $0.10 per tonne for each model
block
• All Measured, Indicated and Inferred Mineral Resources are pit constrained with the exception of those outside the Mulatos Main Pits on the Mulatos property which have no economic restrictions and
are tabulated by gold cut-off grade.
• Mineral Reserve estimates assumed a gold price of $1,250 per ounce and Mineral Resource estimates assumed a gold price of $1,400 per ounce, except as follows: Lynn Lake Mineral Resources assumed a
gold price of $1,550 per ounce with an assumption of the Canadian dollar at parity with the United States dollar. Metal prices, cutoff grades and metallurgical recoveries are set out in the table below.
• El Chanate reserve ounces include a December 31, 2016 inventory 99,900 recoverable ounces in the heap leach pad
• REFER TO ALAMOS’ ANNUAL INFORMATION FORM FOR THE YEAR ENDED DECEMBER 31, 2016, DATED MARCH 15, 2017 AND AVAILABLE ON SEDAR (www.sedar.com) FOR COMPLETE NI 43-101 NOTES AND
DISCLOSURE PERTAINING TO THE RESOURCE AND RESERVE STATEMENTS REFERENCED HEREIN.
Resources Reserves
Gold Price Cutoff Gold Price Cutoff Met Recovery
Mulatos:
Mulatos Main Open Pit $1,400 0.5 $1,250 see notes >50%
San Carlos Underground $1,400 2.5 $1,250 3.27 70%
Cerro Pelon $1,400 0.5 $1,250 see notes 75%
La Yaqui $1,400 0.5 $1,250 see notes 75%
Carricito $1,400 0.3 n/a n/a >50%
Young-Davidson - Surface $1,400 0.5 $1,250 0.5 91%
Young-Davidson - Underground $1,400 1.3 $1,250 1.9 91%
El Chanate $1,400 0.15 $1,250 0.15 30-65%
Lynn Lake $1,555 0.4 n/a n/a 89-92%
Esperanza $1,400 0.4 n/a n/a 60-72%
Ağı Dağı $1,400 0.2 $1,250 see notes 80%
Kirazlı $1,400 0.2 $1,250 see notes 81%
Çamyurt $1,400 0.2 n/a n/a 78%
Quartz Mountain $1,400 0.21 Oxide, 0.6 Sulfide n/a n/a 65-80% 38
 2016 Mineral Reserves & Resources – Island Gold Mine
PROVEN AND PROBABLE GOLD RESERVES (as at December 31, 2016)
Proven Reserves Probable Reserves Total Proven and Probable
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's)
Island Gold 573.05 8.68 159.8 1,978.0 9.31 592.4 2,551 9.17 752.2
MEASURED AND INDICATED GOLD RESOURCES (as at December 31, 2016)1
Measured Resources Indicated Resources Total Measured and Indicated
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's)
Island Gold 33.5 4.94 5.4 445.5 6.01 86.1 479.0 5.94 91.5
INFERRED GOLD RESOURCES (as at December 31, 2016)
Inferred Resources
Tonnes
Grade Ounces
(000's)
(g/t Au) (000's)
Island Gold 3,042.0
10.18 995.7
Notes to Mineral Reserve and Resource Tables:
1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability
2. In 2016, based on a gold price of CAN$1,500/oz; in 2015, based on a gold price of US$1,080/oz and an exchange rate of CAN$1.2037 = US$1.00.
Qualified Persons
The Mineral Reserve and Resource estimates as of December 31, 2016 and December 31, 2015 were performed by qualified persons as defined by NI 43-101 and were supervised by Mr. Daniel Adam, Geo.,
Ph.D., Vice-President, Exploration, an employee of Richmont Mines Inc. Please refer to the SEDAR website (www.sedar.com) for full reports and additional corporate documentation.
The Island Gold Mine Reserve and Resource estimate as of December 31, 2016 was performed by M. Raynald Vincent P.Eng. M.P.M., Chief Geologist, and M. Léon Grondin Leblanc, P.Eng., Chief Engineer, both
employees of Richmont Mines Inc., and Qualified Persons as defined by NI 43-101. A NI 43-101 technical report has been completed for the Island Gold Mine as of December 31, 2016, and filed on SEDAR.
Source: Company disclosure
39
Scott K. Parsons, CFA Anne Day
VP, Investor Relations Senior Vice President, Investor Relations
416.368.9932 ext. 5439 416-368-0291 ext. 105
sparsons@alamosgold.com aday@richmont-mines.com
40