Alamos corporate presentation oct 27 2016 final

1. 1
October 2016 Corporate Presentation

2. 2
Cautionary Notes
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Certain statements in this presentation are “forward-looking statements”, including within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements other than statements of historical
fact included in this presentation, including without limitation statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and reserves, exploration
results, 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, 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 both Alamos Gold Inc.’s Annual Information Form for the year ended December 31,
2015 along with subsequent public filings 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.
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 United 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).
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.
Additional GAAP measures that are presented on the face of the Company’s consolidated statements of comprehensive income include “Mine operating costs”, “Earnings from mine operations” and “Earnings from
operations”. These measures are intended to provide an indication of the Company’s mine and operating performance. “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. 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. “Cash operating costs per
ounce”, “total cash costs per ounce” and “all-in sustaining costs per ounce” 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, “cash operating costs per ounce” reflects the cash operating costs
allocated from in-process and dore inventory associated with ounces of gold sold in the period. “Cash operating costs per ounce” may vary from one period to another due to operating efficiencies, waste-to-ore ratios, grade
of ore processed and gold recovery rates in the period. “Total cash costs per ounce” includes “cash operating costs per ounce” plus applicable royalties. Cash operating costs per ounce and 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. 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. For a reconciliation of non-GAAP and GAAP measures,
please refer to Alamos’ Managements’ Discussion and Analysis as presented on SEDAR and the Company’s website. A reconciliation of non-GAAP and additional GAAP measures disclosed in this presentation is available
at www.alamosgold.com.
Technical Information
Except as otherwise noted herein, 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. For more information, please refer to the Alamos Gold Inc. 2015 Annual Information Form and the
technical reports referenced therein and in this presentation, available on SEDAR (www.sedar.com).
All figures in US$ unless otherwise indicated.
Cautionary Notes

3. 3
1 Based on 2016 Guidance
2 As of June 30, 2016
3 Based on consensus analyst estimates. See page 10.
4 See mineral reserve and resource estimates and associated footnotes in appendix.
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Strong Platform for Delivering Long Term Value
Diversified gold production
370,000 – 400,000 oz from
three North American mines1
Peer leading growth
Portfolio of low-cost development
projects
Strong balance sheet
$285m cash and available-for-sale
securities2 to support growth
Safe jurisdictions
More than 60% of valuation3 and
mineral reserves4 located in Canada
Track record of
delivering
shareholder value

4. 4
923%
20%
262%
-50%
450%
950%
1450%
1950%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Alamos Gold Inc. (TSX:AGI) - Share Price
S&P/TSX Global Gold Index
Gold (US$/oz)
Track Record of Delivering Shareholder Value
19%
Annualized return
since 2003
MULATOS: BLUEPRINT FOR SUCCESS
LEADING GROWTH PROFILE WITH
DISCIPLINED M&A STRATEGY
ROE AMONG BEST IN INDUSTRY 11% Alamos five year average ROE prior to merger3
$10m
cost to acquire
Mulatos in 2003
$350m
free cash flow1
generated to date
$70m
initial capital raised
to build Mulatos
6
development
projects
$170m
total combined
acquisition cost
10.7m
combined M&I and
Inferred resources2
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 See mineral reserve and resource estimates and associated footnotes in appendix.
3 Alamos adopted AuRico Gold`s financials with the completion of the merger of the two companies in July 2015. Prior to the merger, Alamos’ five year average return on equity ending 2014 was 10.7%.

5. 5
Best In Class Portfolio of Assets
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.
MULATOS
2016E Au Production 140-150k oz
2016E Au Total Cash Costs US$850/oz
2P Au Reserves 1.5 m oz
Total Au M&I Resources 3.0 m oz
Total Au Inf. Resources 0.6 m oz
EL CHANATE
2016E Au Production 60-70k oz
2016E Au Total Cash Costs US$1,100/oz
2P Au Reserves 0.5 m oz
Total Au M&I Resources 0.1 m oz
QUARTZ MOUNTAIN
Stage
Advanced
Exploration
Total Au M&I Resources 0.3 m oz
Total Au Inf. Resources 1.1 m oz
YOUNG-DAVIDSON
2016E Au Production 170-180k oz
2016E Au Total Cash Costs US$600/oz
2P Au Reserves 3.9 m oz
Total Au M&I Resources 1.0 m oz
Total Au Inf. Resources 0.3 m oz
AĞI DAĞI
Stage Permitting
Est. Annual Production 143k oz
Est. Total Cash Costs US$611/oz
Total Au M&I Resources 1.7 m oz
Total Au Inf. Resources 0.2 m oz
Producing Assets
Exploration / Development Assets
Toronto
Head Office
ESPERANZA
Stage Permitting
Est. Annual Production +100k oz
Est. Total Cash Costs ~US$500/oz
Total Au M&I Resources 1.1 m oz
KIRAZLI
Stage Permitting
Est. Annual Production 99k oz
Est. Total Cash Costs US$515/oz
Total Au M&I Resources 0.8 m oz
Total Au Inf. Resources 0.1 m oz
ÇAMYURT
Stage Resource Dev.
Total Au M&I Resources 0.5 m oz
Total Au Inf. Resources 0.1 m oz
LYNN LAKE
Stage Feasibility
Est. Annual Production 145k oz
Est. Total Cash Costs C$530/oz
Total Au M&I Resources 2.6 m oz
Total Au Inf. Resources 2.1 m oz
Diversified production Low-cost growth Safe jurisdictions

6. 6
Core Strategy – Disciplined, Staged Growth
Mulatos – La Yaqui &
Cerro Pelon Deposits
Young-Davidson
Ramp-up
Near Term Focus:
Long Term Focus:
• Young-Davidson: Ramp up
underground production
• Mulatos: Develop La Yaqui &
Cerro Pelon deposits
• Utilize cash flow from YD &
Mulatos to fund future growth
• Focus on highest return projects

7. 7
2015A 2016E
380,000
370,000 - 400,000
$1,091
$975
2015A 2016E
Diversified North American Production – 2016 Guidance
• Met 2015 production and cost guidance
• AISC expected to decline 11% driven by 16% decrease at Young-Davidson
• Capital spending significantly lower
Production
370,000 – 400,000 oz Au
AISC1,2
$975/oz
-11% -22%
Total Capital Spending
$135 – 158 m
2015A 2016E
$190m3
$138-158m
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Total consolidated all-in sustaining costs include corporate and administrative and share based compensation expenses. For the purposes of calculating all-in sustaining costs at individual mine sites, the Company does not include corporate
and administrative and share based compensation expenses.
3 Total capital spending for Alamos has been included for the periods prior to July 2, 2015 for comparative purposes only.

8. 8
H1 2016 Scorecard – Production, Costs & Capital on Track
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Total consolidated all-in sustaining costs include corporate and administrative and share based compensation expenses. For the purposes of calculating all-in sustaining costs at individual mine sites, the Company does not include corporate and
administrative and share based compensation expenses.
3 See mineral reserve and resource estimates and associated footnotes in appendix and press release dated September 12, 2016 “Alamos Reports Significant Interim Increase in Mineral Resources at La Yaqui”
On track to achieve full year
production and cost guidance
6,123 tpd
Record average underground mining rate at
Young-Davidson in Q2 2016
93%
Increase in combined mineral resources at La
Yaqui3
2016E
H1 2016
Production (oz Au)
2016E
H1 2016
2016E
H1 2016
Capital Spending (US$ m)
AISC1,2 (US$/oz)
49%
4%
49%
370,000-400,000 oz
$13.4m
Q2 2016 site free cash flow1. Stronger H2 2016
expected to drive higher free cash flow
187,095 oz
$71.8m
$138m-$158m
$975
$1,012

9. 9
Leading Low-Cost Growth Profile
Leading
development
pipelineGrowth at
existing
operations
Existing
production
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Controlled, disciplined, multi-stage growth
 Young-Davidson
 Mulatos
 El Chanate
 Ramp up at YD
 Mulatos: La Yaqui
& Cerro Pelon
 Kirazlı
 Ağı Dağı
 Çamyurt
 Lynn Lake
 Esperanza
 Quartz Mountain
 Mulatos District
Advanced
exploration
Free-cash flow from YD & Mulatos to fund future growth

10. 10
Safe Political Jurisdictions
Source: Consensus analyst estimates
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Assets in safe jurisdictions with bulk of valuation in producing mines
Consensus NPV by Geography Consensus NPV by Stage
Canada
64%
Mexico
24%
Turkey
12%
Production
79%
Development
21%

11. 11
Strong Balance Sheet
1 Unaudited management estimate as of June 30, 2016.
2 Cash, cash equivalents & available for sale securities.
3 As of October 27, 2016.
No debt maturities until 2020
Balance Sheet
Cash & Cash Eq.1,2 US$285 million
Working Capital1 US$369 million
Total Debt1 US$317 million
Capital Structure
Shares Outstanding 267.0 million
Warrants 11.8 million
Employee Options 9.6 million
Fully Diluted 289.9 million
Recent Share Price (TSX)3 C$10.54
Market Capitalization ~C$2.8 billion
$285 m
$317 m
Cash Total Debt
As of June 30, 2016
2

12. 12
$285
($317)
-$2,250
-$1,750
-$1,250
-$750
-$250
$250
$750
Randgold Pan
American
Tahoe Centerra OceanaGold Alamos Detour B2Gold Eldorado IAMGOLD New Gold Yamana Kinross
Cash Total Debt
Strong Balance Sheet
1 Cash, cash equivalents & available for sale securities
Source: Factset and company disclosure. Based on financial statements for the period ending June 30, 2016.
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Well positioned in any gold price environment
Cash1 / (Total Debt) (US$m)
1

13. 13
Young-Davidson – Flagship, Long-Life Production
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 See mineral reserve and resource estimates and associated footnotes in appendix.
3 Excludes Net Realizable Value (“NRV”) inventory adjustments. See associated MD&A for a full reconciliation.
Location: Ontario, Canada
Ownership: 100% interest
Stage: Producing
Operation: Underground
• One of Canada’s largest underground gold mines
• 15 year mine life based on year end 2015 reserves
• Large resource base and exploration potential to
support mine life extension
2015A 2016E Q1/16A Q2/16A
Gold Production (k oz) 160.4 170-180 39.1 42.6
Total Cash Costs1,3 (US$/oz) $683 $600 $616 $738
AISC1,3 (US$/oz) $986 $825 $846 $965
Total Capital (US$m) $108 $85-95 $24.0 $25.2
Gold Reserves & Resources3 Tonnes
(000)
Grade
(g/t)
oz Au
(000)
P&P Underground Reserves 44,290 2.69 3,837
M&I Underground Resources 7,955 3.45 883
Inferred Underground Resources 3,523 2.76 312
8%
decrease in H1 2016 AISC1 from
2015 levels
95%
of costs are in Canadian Dollars –
C$ gold price near historical highs

14. 14
Growing production; declining costs; declining capital intensity
6,123 tpd
record average underground
mining rate in Q2 2016
Young-Davidson – Underground Ramp Up on Track
Owner development
transition completed in April 2016
MCM shaft
completed commissioning Q1 2016
7,000 tpd
on track to achieve 2016 year-end
target underground mining rate
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
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
Mill TPD Underground TPD

15. 15
Mulatos – Our Founding Operation
Location: Sonora State, Mexico
Ownership: 100% interest
Stage: Producing
Operation: Open pit, heap leach & high grade mill
• Mine life of 6 years based on YE 2015 reserves
• Generated ~$350m in free cash flow1 to date
• Large exploration package (28,773 ha)
2015A 2016E Q1/16A Q2/16A
Gold Production (k oz) 140.3 140-150 37.6 33.0
Total Cash Costs1 (US$/oz) $869 $850 $811 $757
AISC1 (US$/oz) $1,047 $925 $878 $883
Total Capital3 (US$m) $45 $25-35 $4.4 $9.2
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 See mineral reserve and resource estimates and associated footnotes in appendix.
3 Capital spending guidance for 2016 excludes capitalized exploration.
Gold Reserves & Resources2 Tonnes
(000)
Grade
(g/t)
oz Au
(000)
P&P Reserves 44,713 1.07 1,543
M&I Resources 81,126 1.14 2,972
Inferred Resources 13,773 1.25 555
16%
decrease in Q2 2016 AISC1 from
2015 levels
70.6k oz
Produced in H1 2016 with
stronger H2 2016 expected

16. 16
220 259 259
47
196
236
302
0
100
200
300
400
500
600
700
800
2014 2015 August 2016
000ozAU
Proven & Probable Mineral Reserves Measured & Indicated Mineral Resources Inferred Mineral Resources
$1,047
$882
$0
$200
$400
$600
$800
$1,000
$1,200
2015 H1 2016
US$/ozAu
Mulatos – Declining Cost Profile
Focused cost reductions
H1 2016 AISC well below annual guidance
Higher mill production
Transition to concentrate production
generating higher recoveries
Declining cost profile
Low cost production from La Yaqui & Cerro
Pelon; 5% royalty nearing completion
Ongoing exploration success
Improved land access and renewed focus –
2016 exploration budget increased 60%
Declining AISC1,2
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Total consolidated all-in sustaining costs include corporate and administrative and share based compensation expenses. For the purposes of calculating all-in sustaining costs at individual mine sites, the Company does not include corporate and
administrative and share based compensation expenses.
3 For more information, see press releases dated September 12, 2016 “Alamos Reports Significant Interim Increase in Mineral Resources at La Yaqui” and March 24, 2016 “Alamos Reports Mineral Reserves and Resources for the Year-Ended 2015”
La Yaqui & Cerro Pelon Reserve & Resource
Growth3
-16%
+244%

17. 17
La Yaqui & Cerro Pelon – Low Cost Production Growth
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 See mineral reserve and resource estimates and associated footnotes in appendix.
Gold Reserves &
Resources2
Tonnes
(000)
Grade
(g/t)
oz Au
(000)
La Yaqui 1,912 1.45 89
Cerro Pelon 3,253 1.63 170
Total P&P Reserves 5,165 1.56 259
La Yaqui 4,050 1.14 149
Cerro Pelon 572 2.57 47
Total M&I Resources 4,622 1.32 196
La Yaqui 5,524 1.68 298
Cerro Pelon 109 1.23 4
Total Inferred Resources 5,633 1.67 302
75% higher grade
Combined reserve grade 1.56 g/t, 75%
above 2016 budget
Initial production mid-2017
Phase I development of La Yaqui on track
$490/oz
Average total cash costs1, 42% lower than
2016 budget
District potential
Large underexplored land package; >70% of past
drilling focused near Mulatos mine
Mulatos District
Mulatos mine

18. 18
La Yaqui – Ongoing Exploration Success
Approximately 1/4 of the
total area has been explored
570%
Increase in combined mineral
reserves and resources since 2014
25%
of large area of alteration explored to date;
extensive additional exploration potential
80 89 89
149
232
298
0
100
200
300
400
500
600
2014 2015 August 2016
Auoz(000)
Proven & Probable Mineral Reserves
Indicated Mineral Resources
Inferred Mineral Resources
For more information, see press releases dated September 12, 2016 “Alamos Reports Significant Interim Increase in Mineral Resources at La Yaqui” and March 24, 2016 “Alamos Reports Mineral Reserves and Resources for the Year-Ended 2015”
and September 21, 2015 “Alamos Announces Discovery of New Zones of Mineralization at Cerro Pelon and La Yaqui”.
See mineral reserve and resource estimates and associated footnotes in appendix

19. 19
El Chanate – Consistent Gold Producer
2015A 2016E Q1/16A Q2/16A
Gold Production (k oz) 79.3 60-70 18.0 16.8
Total Cash Costs1,3 (US$/oz) $808 $1,100 $1,086 $907
AISC1,3 (US$/oz) $978 $1,100 $1,095 $931
Total Capital (US$m) $14 $1 $0.1 $0.3
Location: Sonora State, Mexico
Ownership: 100% interest
Stage: Producing
Operation: Open pit, heap leach
• Exceeded guidance with record production of 79k
oz in 2015
• Positive free cash flow generation in 2015
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 See mineral reserve and resource estimates and associated footnotes in appendix.
3 Excludes Net Realizable Value (“NRV”) inventory adjustments. See associated MD&A for a full reconciliation.
Gold Reserves & Resources2 Tonnes
(000)
Grade
(g/t)
oz Au
(000)
P&P Reserves – Open Pit 19,317 0.59 365
P&P Reserves – Leach Pad Inventory - - 98
M&I Resources 2,327 0.86 64
~100k oz
recoverable at end of mine life;
significant free cash flow
8%
lower AISC in H1 2016 relative
to 2016 guidance

20. 20
Development: Lynn Lake Project – High Grade, Open Pit
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
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 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Location: Manitoba, Canada
Ownership: 100% interest
Stage: Feasibility
Operation: Open pit
• Located in the highly-prospective Lynn Lake
Mining District
• One of the highest grade open pit deposits in
Canada; significant exploration potential
• Existing infrastructure in place, low power
rates of C$0.027/kwh
• Feasibility study expected in Q3 2017
2014 Preliminary Economic Assessment Highlights1
Mine Type Open Pit
Au Grade (g/t) 2.2
Au M&I Resources2 (m oz) 1.5
Avg. LOM Annual Mill Production (k oz) 145
Avg. LOM Cash Costs3 (C$/oz) $530
Initial Capex (C$m) $185
Projected Mine Life (years) 12
NPV5% (C$m) $257
Metal Price Assumptions (US$/oz) Au - $1,100 / Ag - $18
Life of Mine Production Profile1
0
50
100
150
200
250
1 2 3 4 5 6 7 8 9 10 11 12
Gold(kozperyear)
Life of Mine (years)
Gold Reserves & Resources2 Tonnes
(000)
Grade
(g/t)
oz Au
(000)
M&I Resources 40,303 2.03 2,629
Inferred Resources 50,704 1.28 2,089

21. 21
Development: Kirazlı, Ağı Dağı & Çamyurt
1 Please refer to press release dated June 28, 2012 on Turkey PFS and Çamyurt initial mineral resource estimate.
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
3 See mineral reserve and resource estimates and associated footnotes in appendix.
2012 Positive Pre-feasibility Study – Summary1
Kirazlı Ağı Dağı
Mine Life Years 5 7
Average Annual Production
oz Au 99,000 143,000
oz Ag 601,000 271,000
Average Throughput tpd 15,000 30,000
Average grade g/t Au 0.75 0.55
Total Cash Costs2
US$/oz $515 $611
Pre-production Capex US$m $146.1 $278.3
Total Capex US$m $165.7 $326.6
Location: Turkey
Ownership: 100% interest
Stage: Development
Operation: Open pit, heap leach
Kirazlı3
Tonnes Grade Contained Ounces
(000) (g/t Au) (g/t Ag) (000 Au) (000 Ag)
Measured & Indicated 32,734 0.72 8.74 758 9,202
Inferred 5,689 0.59 8.96 108 1,638
Ağı Dağı3
Measured & Indicated 90,052 0.59 4.09 1,695 11,849
Inferred 16,760 0.46 2.85 245 1,534
Çamyurt3
Measured & Indicated 17,721 0.89 6.14 509 3,496
Inferred 2,791 0.95 5.77 85 518
• Kirazlı & Ağı Dağı EIA approvals reinstated
• New mining law supportive of industry
• Çamyurt significant upside to 2012 PFS
• Grades 62% higher than Ağı Dağı

22. 22
Development: Esperanza & Quartz Mountain
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 Additional C$3m due on completion of feasibility study & C$15m or 2% NSR upon successful permitting
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
• Average annual production potential > 100,000 oz
• All-in sustaining costs expected to be lowest quartile1
Location: Oregon, United States
Ownership: Right to earn a 100% interest4
Stage: Advanced Exploration
• Located on northern extension of prolific Basin & Range
Province of Nevada
• Low strip ratio, favourable metallurgy2
• Acquisition cost $3.5m
Tonnes Grade Contained Ounces
(000) (g/t Au) (g/t Ag) (000 Au) (000 Ag)
Measured & Indicated3
34,352 0.98 8.09 1,083 8,936
Inferred 718 0.80 15.04 18 347
Quartz Butte
Crone Hill
Tonnes Grade Contained Ounces
(000) (g/t Au) (000 Au)
Measured & Indicated3
12,156 0.87 339
Inferred 39,205 0.91 1,147
Project: Esperanza
Project: Quartz Mountain

23. 23
Alamos – Investment Case
Diversified intermediate gold producer
Low-cost growth profile
Strong balance sheet to support growth
Long term track record of delivering shareholder value
Catalysts
 Q4 2015: Met consolidated production and cost guidance
 Q4 2015: Achieved year-end target of 6,000 tpd from UG at YD
 Q1 2016: Reserve & resource additions at Cerro Pelon & La Yaqui
 H1 2016: Transition to 100% owner development at YD
 Q3 2016: Ongoing exploration results from La Yaqui & Cerro Pelon
 Q4 2016: La Yaqui EIA approval
2016: Ongoing ramp up of underground throughput at YD
Q3 2017: Lynn Lake feasibility study

24. 24
Appendices

25. 25
Board of Directors and Executive and Management Team
Paul J. Murphy Chairman
John A. McCluskey Director
Mark J. Daniel Director
Patrick D. Downey Director
David Fleck Director
David Gower Director
Claire M. C. Kennedy Director
Ronald E. Smith Director
Kenneth Stowe Director
John A. McCluskey President and Chief Executive Officer
Jamie Porter Chief Financial Officer
Peter MacPhail Chief Operating Officer
Christine Barwell Vice President, Human Resources
Chris Bostwick Vice President, Technical Services
Luis Chavez Senior Vice President, Mexico
Andrew Cormier Vice President, Development & Construction
Nils Engelstad Vice President, General Counsel
Greg Fisher Vice President, Finance
Aoife McGrath Vice President, Exploration
Scott Parsons Vice President, Investor Relations
Colin Webster Vice President, Sustainability & External Affairs
Board of Directors Executive and Management Team

26. 26
Sustainability
• Our Objectives
• As we pursue further growth, we will continue to measure our success as an
organization by our performance in achievement of our sustainability objectives:
• Protecting the health and well-being of our employees
• Creating shared value with our host communities and countries
• Ensuring that our operations are net-positive for the environment
• Over the years, Alamos has been recognized for its achievements in these areas:
Clean Industry Certification from PROFEPA
• Alamos was certified as an Industria Limpia (clean industry)
in recognition of the excellence of environmental management
at Mulatos
CSR Award from Mexican Center for Philanthropy (CEMEFI)
• Signifies exceptional record of CSR performance;
• 2015 marked the 7th consecutive year for Alamos

27. 27
Young-Davidson – Increasing Grade & Productivity
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Excludes Net Realizable Value (“NRV”) inventory adjustments. See associated MD&A for a full reconciliation.
3 Excludes hydro rebate not attributable to Q4/15
Underground ramp up driving production higher and unit costs lower
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
Gold ounces produced 28,281 29,252 30,099 33,106 35,104 40,166 40,538 40,945 38,098 39,365 38,201 44,694 39,065 42,644
Total cash costs per oz.(1,2) $694 $716 $666 $850 $1,009 $871 $723 $719 $745 $697 $681 $617 $616 $738
All-in sustaining costs per oz.(1,2) $1,059 $1,254 $1,357 $1,270 $1,315 $1,144 $959 $912 $987 $1,008 $979 $980 $846 $965
Underground mine
Tonnes mined per day 1,130 1,611 1,417 2,590 2,611 3,595 3,753 4,140 4,130 5,149 5,081 5,911 5,776 6,123
Grades (g/t) 2.7 2.5 2.8 3.1 2.8 3.3 3.1 3.0 3.0 2.6 2.6 2.6 2.6 2.4
Development metres 1,941 2,445 2,620 2,986 3,772 3,545 3,269 3,438 3,409 3,789 3,619 3,769 3,490 3,168
Unit UG mining costs (US$)
Pre-commercial production
$46 $45 $41 $39 $39 $33 $32 $293 $31 $34
Unit UG mining costs (CAD$) $51 $49 $45 $44 $48 $41 $41 $383 $42 $44
Mill processing facility
Tonnes processed per day 6,466 7,017 6,747 6,969 7,163 8,230 7,670 7,757 7,186 7,677 7,680 7,630 7,342 7,006
Grades (inc. OP stockpile) 1.8 1.7 1.7 2.0 1.8 2.2 1.9 2.0 2.0 2.0 1.9 2.2 2.1 2.1
Recoveries (%) 86% 85% 89% 88% 87% 88% 90% 88% 86% 88% 92% 91% 90% 92%
$25
$30
$35
$40
$45
$50
1,500
2,500
3,500
4,500
5,500
6,500
Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16
UnitUGminingcosts(US$/t)
UndergroundTPD
Underground tonnes mined per day Unit UG mining costs (US$/t)

28. 28
Young-Davidson – Development Schedule
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Declining capital intensity
2016 2017 2018 2019
 Commissioning of MCM shaft
 Transition to 100% owner
development
• Ramp up to 7,000 tpd
• Raise boring of lower NG shaft
• Completion of MCM waste pass
• Shaft bottom infrastructure
• Northgate shaft hoisting from
8900L

29. 29
Young-Davidson – Long Section
MCM
Wastepass
East
Wastepass
Productivity improvements &
declining costs
Developing the Underground to Support Ramp up of Mining Rate
Milled grade higher
Declining capital intensity
Higher underground mining
rates driving:
Production growth

30. 30
Mulatos District

31. 31
Mulatos – La Yaqui Project Area
For more information, see press releases dated September 12, 2016 “Alamos Reports Significant Interim Increase in Mineral Resources at La Yaqui” and March 24, 2016 “Alamos Reports Mineral Reserves and Resources for the Year-Ended
2015” and September 21, 2015 “Alamos Announces Discovery of New Zones of Mineralization at Cerro Pelon and La Yaqui”.

32. 32
Mulatos – La Yaqui Conceptual Cross Section Zone 1
For more information, see press releases dated September 12, 2016 “Alamos Reports Significant Interim Increase in Mineral Resources at La Yaqui” and March 24, 2016 “Alamos Reports Mineral Reserves and Resources for the Year-
Ended 2015” and September 21, 2015 “Alamos Announces Discovery of New Zones of Mineralization at Cerro Pelon and La Yaqui”.

33. 33
Mulatos – La Yaqui Conceptual Cross Section Zone 2
For more information, see press releases dated September 12, 2016 “Alamos Reports Significant Interim Increase in Mineral Resources at La Yaqui” and March 24, 2016 “Alamos Reports Mineral Reserves and Resources for the Year-
Ended 2015” and September 21, 2015 “Alamos Announces Discovery of New Zones of Mineralization at Cerro Pelon and La Yaqui”.

34. 34
Mulatos – Cerro Pelon Project Area
RESULTS IN RESERVE CONES
15PEL056: 46m @ 1.13g/t Au (2 – 48m)
15PEL066: 27m @ 2.74g/t Au (34– 61m)
15PEL069: 20m @ 2.54g/t Au (52 - 72m) &
34m @ 6.67g/t Au (134 - 168m)
15PEL070: 44m @ 1.43g/t Au (11 – 55m)
15PEL073: 33m @ 3.20g/t Au (4 – 37m)
RESULTS IN RESOURCE CONES
15PEL012: 50m @ 14.47g/t Au (157-207m)
15PEL020: 35m @ 9.65g/t Au (157 - 192m)
15PEL075: 9m @ 2.69g/t Au (121 - 130m)
15PEL077: 52m @ 1.35g/t Au (41 - 93 m) &
6m @ 1.47g/t Au (97 - 103 m)
15PEL085: 14m @ 10.63g/t Au (24 - 138m)
16PEL018: 47m @ 7.79g/t Au (88 – 135m)
16PEL021: 41m @ 0.92g/t Au (81 - 122m)
See press release dated August 10, 2016 “Alamos Reports
Second Quarter 2016 Results and Provides Exploration
Update at Mulatos”.

35. 35
Mulatos – Cerro Pelon Project Area
Conceptual Long Section (Looking West)
Highlight intercepts from the 2015 exploration program at Cerro Pelon, including several previously released results as indicated by *
For more information, see press releases dated March 24, 2016 “Alamos Reports Mineral Reserves and Resources for the Year-Ended 2015” and September 21, 2015 “Alamos Announces Discovery of New Zones of Mineralization at
Cerro Pelon and La Yaqui”.

36. 36
Long Life Reserve Base
Reserve Life Index (on Operating Assets)2
Gold Mineral Reserves & Resources1
1 See mineral reserve and resource estimates and associated footnotes in appendix.
2 Source: TD Securities. 2015 Y/E operating gold reserves/2017E gold production; adjusted for asset sales.
5.9 5.9
11.1
4.6
0
5
10
15
20
25
Mineral Reserves Mineral Reserves & Resources
Auoz(millions)
Inferred Mineral Resources
M&I Mineral Resources
P&P Mineral Reserves
26.1
19.2
14.5 13.8
11.6 10.7 10.4 10.3 9.7 9.5
8.2
6.8
4.4
0
5
10
15
20
25
30
DGC ELD NEM AGI GG ABX KGC AUY AEM IMG SMF NGD P
Reservelifeindex(years)

37. 37
2015 Proven and Probable Mineral Reserves
PROVEN AND PROBABLE MINERAL RESERVES
AS AT DECEMBER 31, 2015
PROVEN PROBABLE PROVEN + PROBABLE
TONNES GRADE CONTAINED TONNES GRADE CONTAINED TONNES GRADE CONTAINED
(000) (G/T AU)
OUNCES
(000)
(000) (G/T AU)
OUNCES
(000)
(000) (G/T AU)
OUNCES
(000)
Young-Davidson
Surface 1,396 0.82 37 - 0.00 - 1,396 0.82 37
Underground 14,282 2.73 1,255 30,008 2.68 2,582 44,290 2.69 3,837
Total Young-Davidson 15,678 2.56 1,292 30,008 2.68 2,582 45,686 2.64 3,874
Mulatos
Mulatos Main Pits 5,248 0.98 165 27,654 0.85 756 32,902 0.87 921
San Carlos Underground 83 15.49 42 77 7.66 19 161 11.73 61
Stockpiles 6,485 1.45 302 - - - 6,485 1.45 302
La Yaqui 474 1.52 23 1,438 1.42 66 1,912 1.45 89
Cerro Pelon 960 1.70 53 2,293 1.59 117 3,253 1.63 170
Total Mulatos 13,251 1.37 585 31,462 0.95 958 44,713 1.07 1,543
El Chanate
El Chanate Open Pit 11,480 0.55 204 7,837 0.64 161 19,317 0.59 365
El Chanate Leach Pad Inv. - - 98 - - - - - 98
Total El Chanate 11,480 0.82 302 7,837 0.64 161 19,317 0.75 463
Total Alamos 40,409 1.68 2,178 69,307 1.66 3,702 109,716 1.67 5,880

38. 38
2015 Total Measured and Indicated Mineral Resources
MEASURED AND INDICATED GOLD MINERAL RESOURCES (AS AT DECEMBER 31, 2015)
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 4,248 3.47 474 3,707 3.43 408 7,955 3.45 883
Total Young-Davidson 4,744 3.23 493 4,949 2.89 460 9,694 3.05 952
Mulatos 8,625 1.24 343 65,921 1.08 2,287 74,546 1.10 2,630
San Carlos UG 236 6.03 46 367 5.42 64 603 5.66 110
La Yaqui - - - 4,050 1.14 149 4,050 1.14 149
Cerro Pelon 117 2.75 10 455 2.52 37 572 2.57 47
Carricito 58 0.82 2 1,297 0.82 34 1,355 0.82 36
Total Mulatos 9,036 1.38 401 72,090 1.11 2,571 81,126 1.14 2,972
El Chanate 765 0.66 16 1,563 0.95 48 2,327 0.86 64
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
Orion - - - 554 3.66 65 554 3.66 65
Ağı Dağı 2,008 0.67 44 88,044 0.58 1,651 90,052 0.59 1,695
Kirazli 837 1.13 31 31,897 0.71 727 32,734 0.72 758
Çamyurt 513 1.00 17 17,208 0.89 492 17,721 0.89 509
Total Turkey 3,358 0.84 91 137,149 0.65 2,871 140,507 0.66 2,961
Quartz Mountain 214 0.95 7 11,942 0.87 333 12,156 0.87 339
Alamos - Total 52,353 1.54 2,588 268,665 0.98 8,477 321,018 1.07 11,066
MEASURED AND INDICATED SILVER MINERAL RESOURCES (AS AT DECEMBER 31, 2015)
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)
Esperanza 19,226 7.25 4,482 15,126 9.16 4,455 34,352 8.09 8,936
Orion - - - 554 309 5,503 554 309 5,503
Ağı Dağı 2,008 4.87 314 88,044 4.07 11,535 90,052 4.09 11,849
Kirazli 837 12.79 344 31,897 8.64 8,857 32,734 8.74 9,202
Çamyurt 513 5.63 93 17,208 6.15 3,404 17,721 6.14 3,496
Alamos - Total 22,584 7.21 5,233 152,829 6.87 33,754 175,413 6.91 38,987

39. 39
2015 Total Inferred Mineral Resources
INFERRED GOLD MINERAL RESOURCES (AS AT DECEMBER 31, 2015)
TONNES GRADE OUNCES
(000'S) (G/T AU) (000'S)
Young-Davidson - Surface 31 0.99 1
Young-Davidson - Underground 3,523 2.76 312
Total Young-Davidson 3,554 2.74 313
Mulatos 7,078 0.90 205
San Carlos UG 162 4.93 26
La Yaqui 5,524 1.68 298
Cerro Pelon 109 1.23 4
Carricito 900 0.74 22
Total Mulatos 13,773 1.25 555
El Chanate 101 0.36 1
Lynn Lake 50,704 1.28 2,089
Esperanza 718 0.80 18
Orion 91 3.33 10
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 133,386 1.07 4,572
INFERRED SILVER MINERAL RESOURCES (as at DECEMBER 31, 2015)
TONNES GRADE OUNCES
(000'S) (G/T AG) (000'S)
Esperanza 718 15.04 347
Orion 91 95.00 275
Ağı Dağı 16,760 2.85 1,534
Kirazli 5,689 8.96 1,638
Çamyurt 2,791 5.77 518
Alamos - Total 26,049 5.15 4,312

40. 40
Notes to Mineral Reserve and Resource Estimates
Notes to Mineral Reserve and Resource Tables:
• The Company’s mineral reserves and mineral resource as at December 31, 2015 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. La Yaqui mineral resources are as at September 1, 2016.
• 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 and the La Yaqui 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 the Mulatos Main Pits on the Mulatos property which have no economic restrictions and are tabulated at a
gold cut-off grade of 0.5 grams per tonne.
• 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: Orion assumed a gold price of $850 per
ounce and a silver price of $13.00 per ounce for resources. Lynn Lake 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 mineral reserve ounces include a December 31, 2015 inventory of 98,000 recoverable ounces contained within the heap leach pad.
• Lynn Lake mineral resources represent 100% of the Lynn Lake Project. Alamos completed the acquisition of Carlisle Goldfields Limited (Lynn Lake Project) on January 7th, 2016.
• Orion Mineral Resources are reflected on a 50% basis. Following the completion of a joint venture agreement, Minera Frisco, S.A.B. de C.V. has a 50% interest in the Orion project.
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 independent Qualified Person’s 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 Resource, Alamos Gold Inc. Young-Davidson, El Chanate, San Carlos U/G, Lynn Lake, Orion
Marc Jutras, P.Eng Principal, Ginto Consulting Inc.
Mulatos Pits, Cerro Pelon, La Yaqui, Carricito, Esperanza, Ağı Dağı,
Kirazli, 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
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 0.3 $1,250 see notes 75%
La Yaqui $1,400 0.3 $1,250 see notes 50-85%
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%
Orion $850 2.0 n/a n/a 92%
Ağı Dağı $1,400 0.2 n/a n/a 80%
Kirazli $1,400 0.2 n/a n/a 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%

41. 41
Scott K. Parsons, CFA
VP, Investor Relations
416.368.9932 x 5439
sparsons@alamosgold.com