Alamos acquisition of richmont presentation final

1. 1
September 11, 2017
Leading Intermediate Gold Producer

2. 2
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).

3. 3
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.

4. 4
Call Participants
John A. McCluskey
President and Chief Executive Officer
Jamie Porter
Chief Financial Officer
Peter MacPhail
Chief Operating Officer
Robert Chausse
Chief Financial Officer
Renaud Adams
President and Chief Executive Officer

5. 5
Transaction Highlights
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
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
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
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.
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

6. 6
Transaction Summary
Proposed
Transaction
• Alamos Gold Inc. (“Alamos”) to acquire Richmont Mines Inc. (“Richmont”) via a Plan of Arrangement
• Implied equity value of US$770 million1 (C$936 million)
• Implied enterprise value of US$683 million1 (C$830 million)
• Pro forma ownership: 77% Alamos / 23% Richmont1
Consideration
• 1.385 Alamos shares per common share of Richmont
• 22% premium to Richmont’s closing price on September 8, 2017
• 32% premium based on Richmont and Alamos’ 20-day volume-weighted average prices2
Conditions
• Richmont shareholder vote (66⅔% of shareholder votes cast)
• Alamos shareholder vote (majority of shareholder votes cast)
• Customary regulatory and court approvals
Other
• Unanimous support for the transaction and lock-up agreements from the Officers and Board of Directors
of both Alamos and Richmont
• 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
Timing
• Mailing of meeting materials by mid-October 2017
• Shareholder meetings around mid-November 2017
• 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.

7. 7
Alamos Richmont Alamos PF2
Exchanges (exchange) TSX/NYSE TSX/NYSE TSX/NYSE
Share Price (C$/sh) $10.25 $14.20
Market Capitalization (C$ mm) $3,068 $936 $4,003
Market Capitalization (US$ mm) $2,525 $770 $3,294
Enterprise Value (US$ mm) $2,374 $683 $3,057
Cash and Equity Securities (US$ mm) $150 $79 $229
Debt (US$ mm) -- -- --
Shares
Outstanding
Shares Outstanding3
(mm) 299 66 391
Trading
Capitalization
Pro Forma Capitalization
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.
1
Positions pro forma Alamos as a leading intermediate producer with net cash of ~US$230 million

8. 8
Benefits to Alamos Shareholders
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 is anticipated to drive production higher, costs lower & further
free cash flow growth
• Significant exploration potential to extend mine life beyond current resource
Strengthens core portfolio;
solidifies intermediate
producer position
• Adds a third core, long-life producing asset to further diversify asset base
• De-risks portfolio & improves already low risk profile with increased exposure to Canada
Stronger cash flow generation
to support growth
• Immediate earnings & cash flow accretion; stronger operating & free cash flow profile
• Stronger balance sheet & financial flexibility with US$229 million cash1 & no debt
• Better positioned to internally fund portfolio of growth projects
Aligns well with Alamos’ core
competencies
• Synergies with a second underground gold mine in Ontario
Enhanced production growth
& cost profile
• Island Gold provides near term production growth while lowering the combined
cost profile
Increases scale and capital
markets profile
• Elevates Alamos to a >500 koz per year producer with a peer leading growth profile
• Establishes Alamos as top 10 Canadian and North American gold producer2
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.

9. 9
Benefits to Richmont Shareholders
Immediate and significant
premium
• 22% premium to Richmont’s closing price on September 8, 2017
• 32% premium based on Richmont and Alamos’ 20-day volume-weighted average prices1
Meaningful ownership in a
stronger combined entity
• Provides exposure to Alamos’ high quality portfolio of assets including diversified North
American gold production and peer leading growth profile
• Maintain exposure to Island Gold’s operating and exploration upside potential
• Synergies realized by pro forma company
Significant revaluation
potential
• Increased capital markets profile and trading liquidity
• Significant revaluation opportunity with exposure to large intermediate producer with
established growth potential approaching 1 million ounces per year
Provides on-going
return of capital for
shareholders
• Alamos has a long track record of returning capital to shareholders with semi-annual
dividend in place since 2010, returning a total of over US$115 million
1 Based on TSX trading only; premium calculated based on the VWAPs of both companies.

10. 10
AĞI DAĞI (TURKEY)
Stage Permitting
2P Au Reserves 1.2 Moz (54.4 mt @ 0.67 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)
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)
ÇAMYURT (TURKEY)
Stage Resource Dev.
Total Au M&I Resources 0.5 Moz (17.7mt @ 0.89 g/t)
Total Au Inf. Resources 0.1 Moz (2.8mt @0.95 g/t)
Top 10 North American Producer; Leading Growth
MULATOS (SONORA, MEXICO)
2017E Au Production 150-160 koz
2017E Au Total Cash Costs US$815/oz
2P Au Reserves 1.9 Moz (50.0mt @ 1.17 g/t)
Total Au M&I Resources 2.8 Moz (76.1mt @ 1.14 g/t)
Total Au Inf. Resources 0.3 Moz (10.3mt @ 0.98 g/t)
EL CHANATE (SONORA, MEXICO)
2017E Au Production 50-60 koz
2017E Au Total Cash Costs US$1,200/oz
2P Au Reserves 0.3 Moz (10.8mt @ 0.56g/t)
Total Au M&I Resources 0.1 Moz (4.4mt @ 0.66 g/t)
YOUNG-DAVIDSON (ONTARIO, CANADA)
2017E Au Production 200-210 koz
2017E Au Total Cash Costs US$625/oz
2P Au Reserves 3.7 Moz (43.2mt @ 2.65 g/t)
Total Au M&I Resources 1.2 Moz (12.5mt @ 3.09 g/t)
Total Au Inf. Resources 0.3 Moz (3.6mt @ 2.75g/t)
Producing Assets
Exploration / Development 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.
ISLAND GOLD (ONTARIO, CANADA)
2017E Au Production 87-93 koz
2017E Au Total Cash Costs US$550-590/oz
2P Au Reserves 0.8 Moz (2.5mt @ 9.17 g/t)
Total Au M&I Resources 0.1 Moz (0.5mt @ 5.94 g/t)
Total Au Inf. Resources 1.0 Moz (3.0mt @ 10.18 g/t)
QUARTZ MOUNTAIN (OREGON, USA)
Stage Advanced Exploration
Total Au M&I Resources 0.3 Moz (12.2mt @ 0.87 g/t)
Total Au Inf. Resources 1.1 Moz (39.2mt @0.91 g/t)
ESPERANZA (MORELOS, MEXICO)
Stage Permitting
Total Au M&I Resources 1.1 Moz (34.4mt @ 0.98 g/t)
LYNN LAKE (MANITOBA, CANADA)
Stage Feasibility
Total Au M&I Resources 2.6 Moz (40.3mt @ 2.03 g/t)
Total Au Inf. Resources 2.1 Moz (50.7mt @ 1.28 g/t)

11. 11
Increases Alamos’ Exposure to Tier 1 Jurisdictions
Source: Select street research
Please refer to Cautionary Statements.
Asset NPV by Geography 2018 – 2020 Production by Geography
Reserves by Geography Asset NPV by Stage
Canada
57%Mexico
23%
Turkey
20%
Production
72%
Development
28%
Canada
58%
Mexico
34%
Turkey
8%
Canada
52%Mexico
26%
Turkey
22%
Acquisition of Island Gold strengthens and de-risks Alamos’ portfolio

12. 12
35
42
52
82
95
$1,452
$1,192
$1,136
$745 $723
2013A 2014A 2015A 2016A 2017E
Ounces Sold (koz) AISC (US$/oz)
Island Gold Mine Overview
Source: Company filings, SNL, street research
1 Ore processed averaged 933 tpd in H1 2017.
2 Expansion capital of C$28.2 mm converted at 0.80x US$ per C$.
• High grade underground gold mine located northeast of Wawa,
Ontario in a well established gold district
• Began commercial production in October 2007
• Ore currently processed at rate of ~930 tpd1
• Expansion underway to 1,100 tpd as detailed in May 2017 PEA
– Annual production expected to increase to average 125 koz at
mine-site AISC of US$550/oz for the period of 2019-2024
– Minimal incremental capital of US$23 mm2 with mill expansion
expected to be completed in latter part of 2018
• Upside potential reflecting inclusion of all mineral resources and
exploration potential laterally and at depth
Asset Description
Growing Production; Declining Costs
Highly Productive Gold Mining District
4
0 50 100km
Marathon
Wawa
Hearst
Timmins
Iroquois Falls
Smooth Rock Falls
Eagle River, Wesdome
Borden,Goldcorp
Island Gold,
Richmont
Magino, Argonaut
Cote, IAMGOLD
Black Fox, McEwen
Timmins West, Tahoe
Holloway, Kirkland Lake
Porcupine,Goldcorp
Bell Creek, Tahoe
Young Davidson, Alamos
Macassa, Kirkland Lake
Holt, Kirkland Lake
Lake Superior
ONTARIO
Hemlo, Barrick
144
101
17
17
11
101
Mine
City
Dome Mine, Goldcorp
Hoyle Pond, Goldcorp
Cochrane
Pamour (PJV), Goldcorp
Hislop,
Kirkland Lake
Detour Lake Mine, Detour Gold
Recent Operating Performance
Gold Reserves & Resources
Tonnes
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Reserves 2,551 9.17 752
M&I Resources 479 5.94 91
Inferred Resources 3,042 10.18 996
Q1/17A Q2/17A H1/17 2017E6
Gold Production (koz) 23.8 26.1 49.9 87-93
Total Cash Costs7 (US$/oz) $504 $431 $463 $550-$590
Mine-site AISC7 (US$/oz) $640 $503 $563 $725-$765
Sustaining Capital (US$ mm) $3.1 $2.1 $5.2 $15-$17
Expansion Capital (US$ mm) $4.5 $4.4 $8.9 $25-$27
Exploration (US$ mm) $2.8 $3.6 $6.5 $11-$12
RIC Corporate FCF5 (US$ mm) $0.4 $14.3 $14.8
3 Since 1985.
4 Based on analyst consensus estimates.
5 Richmont consolidated corporate OCF less capex.
6 Richmont 2017E guidance.
>25 Moz gold produced3
>35 Moz in defined reserves
7 Please refer to Cautionary Notes on non-GAAP Measures
and Additional GAAP Measures.

13. 13
20.8
14.6
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
Brucejack
IslandGold
EagleRiver
Westwood
Seabee
RedLake
HopeBay
Meliadine
Musselwhite
Eleonore
Lapa
LaRonde
CasaBerardi
BlackFox
BellCreek
TimminsWest
Young-Davidson
CanadianMalartic
DetourLake
$700
$713
$715
$720
$730
$775
$782
$787
$870
$980
$985
$1,050
$1,075
$1,113
$1,150
$1,200
$550
$735
IslandPEA2019-2024
Seabee
LaRonde
Musselwhite
Meliadine
CanadianMalartic
IslandGold
Young-Davidson
Lapa
Macassa
RedLake
Westwood
Eleonore
BellCreek
DetourLake
EagleRiver
CasaBerardi
BlackFox
Island Gold – High Grade, Low Cost, Canadian Asset
Island Gold is one of the highest quality producing assets in Canada,
and one of a few not in a senior portfolio
2017E All-in Sustaining Costs (US$/oz)Mineral Reserve Grade (g/t Au)
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
AISC excluded due to recent guidance revisions. Island Gold based on PEA.

14. 14
Island Gold PEA Highlights and Operating Profile
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$40m.
4 Net cash flow is undiscounted pre-tax cash flow after all operating costs, project and sustaining capital.
5 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Expansion Case PEA Summary (1,100 tpd)1 Island Gold Operating Profile (PEA)
C$ US$
Targeted mill throughput run-rate year H2 2018 H2 2018
Avg annual production (koz): 2019 – 20242 125 koz 125 koz
Avg operating unit cost ($/t) $191 $141
Avg annual Cash Costs ($/oz): LOM 5 $652 $483
Avg annual AISC ($/oz): 2019 – 20242,5 $743 $550
Avg annual AIC ($/oz): LOM5 $910 $674
Sustaining capital ($m): LOM $168 $124
Project capital ($m)3: LOM $68 $50
Cumulative Net Cash Flow ($m)4 $749 $555
90 94
125
$735
$881
$550
2017E 2018E 2019E - 2024E Average
Gold Production (koz) AISC (US$/oz)
39% Growth
39%
projected
production growth
C$28.2 mm
Low incremental
expansion capital
-25%
expected decrease
in LOM AISC
Significant upside potential
>750 koz of Inferred resources not factored
into mine plan + ongoing exploration potential

15. 15
Island Gold Mineral Reserve & Resource Growth
67
564
1,037 1,003
768
996
154
111
233
219
72
91
172
141
144 184
562
752
2007-2011 2012 2013 2014 2015 2016
Inf. Resources M&I Resources Reserves Cumulative Ounces Sold
179
221 256
298
351
433
Source: Company disclosure
1 Cumulative ounces of gold sold since 2011.
Mineral Reserves and Resources Over Time (koz)
1
+34%
Increase in 2016 year end mineral
reserves
Strong track record of mineral reserve & resource growth
~$35/oz
Low discovery costs
+30%
Increase in 2016 year end inferred
mineral resource; 20% increase in grade
+44%
Mineral reserve grade increase since
2014

16. 16
Island Gold Exploration Potential
Source: Company disclosure
Significant Exploration Potential at Depth and to the East
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
Early results from delineation
drilling demonstrate ability to
potentially expand reserves at
higher average grades

17. 17
$174
$195
$216
$308
$65
$60
$103
$68
$239
$255
$319
$377
2017E 2018E 2019E 2020E
AGI OCF (US$ mm) RIC OCF (US$ mm)
Enhances Production Profile & Cash Flow Generation
Pro Forma Operating Profile (consensus) Pro Forma Operating Cash Flow Profile (consensus)
418 421
429
513
95 95
138
108513 516
567
622$912
$946
$847
$862
2017E 2018E 2019E 2020E
RIC Gold Production (koz) AGI Gold Production (koz)
PF AGI AISC (US$/oz)
Island Gold increases production
by an average of +25%
Island Gold increases cash flow
by an average of +34%
Source: Select street research
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 RIC OCF based on consensus Island Gold cash operating margin and adjusted for tax.
Island Gold delivers meaningful production growth and superior cash flow generation
2
1

18. 18
Mulatos District
• La Yaqui Grande – significant mineral reserve and resource growth since 2015 discovery
• Multiple targets in large underexplored land package; >70% past drilling focused near mine
Quartz Mountain
• Located in Oregon on the northern extension of prolific Basin & Range Province of Nevada
• Low strip, favourable metallurgy
Island Gold
• Resource growth potential laterally to the east and at depth
• Less than 15% of the land package drilled
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
Çamyurt2 Production: 93 koz
Mine-site AISC1: $645/oz
• 253% after-tax IRR outlined in 2017 PEA
• Minimal initial capital; shared Aği Daği infrastructure
Lynn Lake
Feasibility Study
Q3 2017
• High grade, open pit
• Feasibility study expected in late Q3 2017
Kirazlı2 Production: 104 koz
Mine-site AISC1: $373/oz
• Low cost, open pit, heap leach project
• 44% after-tax IRR outlined in 2017 feasibility study
Esperanza • Average annual production potential >100,000 oz; excellent infrastructure; low technical risk
487-523 koz
2017 combined
production guidance
Diversified Production; Disciplined, Multi-stage Growth
>400 koz
Combined annual
production growth potential
Young-Davidson
Production: 200-210 koz
Mine-site AISC1: $775/oz
• 15 year mineral reserve life
• One of Canada’s largest underground gold mines
North American Production
Permitting / Development
Ongoing Exploration
Mulatos
Production: 150-160 koz
Mine-site AISC1: $890/oz
• 5-year reserve life within main open pit
• Significant mine life extension potential through La Yaqui & other nearby deposits
El Chanate
Production: 50-60 koz
Mine-site AISC1: $1,200/oz
• Mature operation; significant free cash flow expected at the end of
mine life through residual leaching
Island Gold
Production: 87-93 koz
Mine-site AISC1: $745/oz
• One of Canada’s highest grade underground mines
• 8-year mine life based on PEA; significant upside potential
incorporating existing resources
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.

19. 19
Alamos Pro Forma Operational Benchmarking
787
585 582 557 549
513
425 403
350
311 292
Centerra
Detour
KirklandLake
OceanaGold
B2Gold
AlamosPF
Tahoe
NewGold
Torex
Eldorado
SSRMining
24%
20% 20%
14%
2%
(1%) (1%)
(7%) (9%)
(12%) (14%)
Eldorado
AlamosPF
Centerra
Tahoe
KirklandLake
NewGold
SSRMining
OceanaGold
Torex
B2Gold
Detour
Source: Street research
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2018E – 2020E Production Growth (%)
2017E Production (koz Au) 2017E AISC1 (US$/oz)
$673
$768 $798 $829 $847
$910 $912
$967 $986
$1,050 $1,082OceanaGold
Centerra
NewGold
KirklandLake
Torex
Eldorado
AlamosPF
B2Gold
SSRMining
Tahoe
Detour
Larger decrease expected over longer term with
Island Gold AISC1 averaging US$550/oz 2019+

20. 20
Alamos Pro Forma Financial Benchmarking
Source: Company filings, FactSet
1 Debt excludes finance leases and contract payment holdbacks; Alamos cash balance includes equity securities.
Market Capitalization (US$ bn)
Net Cash (Debt) (US$ mm)
$3.3
$2.8 $2.8
$2.5 $2.4
$2.2 $2.1
$1.6 $1.5 $1.4 $1.3
AlamosPF
B2Gold
KirklandLake
Detour
NewGold
Centerra
OceanaGold
Eldorado
Tahoe
Torex
SSRMining
$232 $229
$175
$105 $87
($184) ($247)
($318) ($331)
($452)
KirklandLake
AlamosPF
Tahoe
SSRMining
Eldorado
Detour
OceanaGold
Torex
Centerra
B2Gold
NewGold
($681)
1

21. 21
1.7x 1.7x
1.5x 1.4x
1.4x 1.4x
1.2x 1.2x
1.1x 1.1x 1.1x 1.0x 1.0x
0.7x
0.5x
Agnico
Newmont
Barrick
KirklandLake
Kinross
NewGold
IAMGOLD
B2Gold
OceanaGold
Yamana
Goldcorp
Centerra
Alamos
Tahoe
Eldorado
Large, North American Focused Peer Average: 1.4x
Compelling Investment Thesis
Source: Company disclosure, FactSet, street research
Note: Peer average excludes Alamos.
1 Peer average includes Agnico, Newmont, Barrick, Kirkland Lake, Kinross, New Gold, IAMGOLD, Yamana, and Goldcorp.
Alamos Positioned
For Revaluation
 ~C$4 bn market cap producer
 Production in excess of 500 koz Au per year
 Internal growth potential approaching 1 Moz Au per year
 Top 10 North American gold producer
P/NAV Multiples
1

22. 22
Transaction Highlights
Solidifies position as leading intermediate gold producer
Stronger balance sheet & financial flexibility
Revaluation opportunity through enhanced capital markets profile
Improved operating & free cash flow generation to support peer leading growth pipeline
Acquisition of a high quality, free cash flowing asset in a world class jurisdiction
Superior production growth and cost profile

23. 23
Appendices

24. 24
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
Gold Reserves & Resources4 Tonnes
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Underground Reserves 42,054 2.70 3,653
M&I Underground Resources 10,792 3.39 1,177
Inferred Underground Resources 3,524 2.76 313
Largeresource base &
exploration potential to support
mine life extension
15 year
mine life based on year end 2016
mineral reserves
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.
2015A 2016A 2017E Q1/17A Q2/17A
Gold Production (koz) 160.4 170.0 200-210 40.4 47.3
Cost of Sales1 (US$/oz) $1,162 $1,087 $1,050 $1,148 $1,113
Total Cash Costs2,3 (US$/oz) $683 $657 $625 $710 $677
Mine-site AISC2,3 (US$/oz) $986 $897 $775 $851 $895
Total Capital (US$m) $108 $95 $70-80 $18.6 $22.7
Mine-site FCF2 (US$m) ($23) $4 - $0 $5

25. 25
160
170
200-210
2015A 2016A 2017E
Gold Production (000 oz)
$1,162
$1,087
$1,050
2015A 2016A 2017E
Cost of Sales2 (US$/oz)
$986
$897
$775
2015A 2016A 2017E
Mine-site AISC1 (US$/oz)
$108
$95
$70-80
2015A 2016A 2017E
-31%
Growing production; declining
costs; declining capital intensity
Young-Davidson – Ramp up of Underground Mining
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Q1/13
Q2/13
Q3/13
Q4/13
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
Underground TPD Mill TPD
-21%+28%
6,500 - 7,500 tpd
underground mining rate expected in 2017
-10%
6,000 tpd
average underground mining rate in 2016
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Cost of sales includes mining and processing costs, royalties and amortization.
Total Capital Spending (US$m)

26. 26
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)
Gold Reserves & Resources5 Tonnes
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Reserves 49,995 1.17 1,885
M&I Resources 76,084 1.14 2,798
Inferred Resources 10,280 0.98 325
Declining cost profile
2017 AISC expected to decrease ~$160/oz from
2015; 5% royalty nearing completion
~$375m
Free cash flow2 generated to date
1 Cost of sales includes mining and processing costs, royalties and amortization.
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
3 Capital spending guidance for 2016 and 2017 excludes capitalized exploration. 2017 guidance includes La Yaqui Phase I development capital.
4 Excluding LY Phase I capital expenditures.
5 See mineral reserve and resource estimates and associated footnotes in appendix.
2015A 2016A 2017E Q1/17A Q2/17A
Gold Production (koz) 140.3 154.0 150-160 40.0 41.0
Cost of Sales1 (US$/oz) $1,128 $1,088 $1,015 $1,034 $902
Total Cash Costs2 (US$/oz) $869 $838 $815 $827 $735
Mine-site AISC2 (US$/oz) $1,047 $916 $890 $920 $777
Total Capital3 (US$m) $45 $33 $33-40 $11.4 $14.6
Mine-site FCF2,4 (US$m) ($19) $27 - $3 $11

27. 27
La Yaqui & Cerro Pelon
Mulatos – District Exploration Potential
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
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.
778 koz
Combined mineral reserves1,2 at La Yaqui &
Cerro Pelon, a 254% increase since 2014
District potential
Large underexplored land package; >70% of past
drilling focused near Mulatos mine
Mulatos District
Mulatos mine
220 259
778
47
115
236
0
100
200
300
400
500
600
700
800
900
1000
2014 2015 2016
Ounces(000Au)
Proven & Probable Mineral Reserves
Inferred Mineral Resources
Measured & Indicated Mineral Resources
1,2
Ongoing exploration success
Improved land access & renewed focus – 2017
Mulatos exploration budget of $17m

28. 28
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
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 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.
Gold Reserves & Resources4 Tonnes
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Reserves – Open Pit 10,812 0.56 193
P&P Reserves – Leach Pad Inventory - - 100
M&I Resources 4,415 0.66 93
$1,242/oz
Minimum realized gold price with
H2 2017 production hedged5
$5m
Site free cash flow2 generated in 2016
2015A 2016A 2017E Q1/17A Q2/17A
Gold Production (koz) 79.3 68.0 50-60 15.8 17.6
Cost of Sales1 (US$/oz) $1,504 $1,177 $1,265 $1,218 $1,242
Total Cash Costs2,3 (US$/oz) $808 $1,052 $1,200 $1,144 $1,185
Mine-site AISC2,3 (US$/oz) $978 $1,069 $1,200 $1,187 $1,208
Total Capital (US$m) $14 $1 $2 $1 $0.3
Mine-site FCF2 (US$m) $3 $5 - ($2) $3

29. 29
Development: Kirazlı, Ağı Dağı & Çamyurt
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.
Location: Turkey
Ownership: 100% interest
Stage: Development
Operation: Open pit, heap leach
Low cost, high return growth
Kirazlı2
Tonnes Grade Contained Ounces
(000) (g/t Au) (g/t Ag) (000 Au) (000 Ag)
Proven & Probable 26,104 0.79 12.01 665 10,078
Measured & Indicated 5,966 0.43 2.18 82 418
Inferred 5,689 0.59 8.96 108 1,638
Ağı Dağı2
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
Inferred 2,791 0.95 5.77 85 518
• 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
185%
Increase in combined after-tax NPV8% of Kirazlı &
Ağı Dağı1 from 2012 prefeasibility study

30. 30
Kirazlı, Ağı Dağı & Çamyurt Economic Studies
After-taxNPV8%(US$m)
$82m
$187m
$88m
$298m
$86m
$0
$100
$200
$300
$400
$500
$600
2012 2017
Kirazlı Ağı Dağı Çamyurt
+236%
Stronger economics; attractive
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 $16 per ounce, respectively.
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
11
2017 Positive Economic Studies1
Kirazlı
Feasibility
Study
Ağı Dağı
Feasibility
Study
Çamyurt
PEA
Mine Life Years 5 6 4
Average Annual Production
oz Au 104,000 177,600 93,200
oz Ag 617,300 444,200 403,000
Average grade g/t Au 0.79 0.67 0.92
Mine-site AISC2
US$m $373 $411 $645
Initial Capex US$m $152 $250 $10
Total Capex US$m $180 $313 $26
After-tax NPV5%
US$m $223 $360 $111
After-tax NPV8%
US$m $187 $298 $86
After-tax IRR % 44% 39% 253%
Gold Price Assumption US$/oz $1,250 $1,250 $1,250
>39%
After-tax IRR for each of Kirazlı, Ağı Dağı & Çamyurt1

31. 31
Development: Lynn Lake Project
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 prospective Lynn Lake Mining
District
• High grade, open pit
• Exploration potential
• Existing infrastructure in place
• Low cost hydroelectric power
• Feasibility study expected in late Q3 2017
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 Au)
oz Au
(000)
M&I Resources 40,303 2.03 2,629
Inferred Resources 50,704 1.28 2,089

32. 32
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

33. 33
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.
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

34. 34
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.

35. 35
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

36. 36
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

37. 37
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

38. 38
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, 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.
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,
Alamos Gold Inc.
Young-Davidson, El Chanate, San Carlos U/G, Lynn Lake
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
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%

39. 39
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
Source: Company disclosure
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.

40. 40
Scott K. Parsons, CFA
VP, Investor Relations
416.368.9932 ext. 5439
sparsons@alamosgold.com
Anne Day
Senior Vice President, Investor Relations
416-368-0291 ext. 105
aday@richmont-mines.com