This January 2017 corporate presentation from Alamos Gold provides an overview of the company and cautions readers that certain statements in the presentation constitute forward-looking statements. It notes key highlights including expected 2017 gold production of 400,000-430,000 ounces from three North American mines, expanding margins with an expected 6% decrease in all-in sustaining costs per ounce to $940, and a peer-leading growth portfolio including six development projects. The presentation also provides cautionary notes on the use of non-GAAP measures and additional GAAP measures.

1. January 2017 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.
“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
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 2017 Guidance
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
3 As of September 30, 2016
Strong Platform for Delivering Long Term Value
Diversified gold production
400,000 – 430,000 oz from
three North American mines1
Expanding margins
$940/oz AISC, an expected 6%
decrease from 20161,2
Peer leading growth
Portfolio of 6 low-cost
development projects
Strong balance sheet
$287m cash and available-for-sale
securities3 to support growth
Track record of
delivering
shareholder value

4. 4
2014A 2015A 2016A 2017E
Gold Production (000 oz)
Toronto
Head Office
Diversified North American Gold Production
Based on 2017 Guidance. See press release dated January 6, 2017.
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 For the purposes of calculating mine-site all-in sustaining costs, the Company does not include an allocation of corporate and
administrative and share based compensation expenses.
Growing, diversified production
380
392
400 – 430
+6%
MULATOS
2017E Au Production 150-160k oz
2017E Au Total Cash Costs1 US$815/oz
2017E Au Mine-site AISC1,2 US$890/oz
EL CHANATE
2017E Au Production 50-60k oz
2017E Au Total Cash Costs1 US$1,200/oz
2017E Au Mine-site AISC1,2 US$1,200/oz
YOUNG-DAVIDSON
2017E Au Production 200-210k oz
2017E Au Total Cash Costs1 US$625/oz
2017E Au Mine-site AISC1,2 US$775/oz
365

5. 5
$57
$229
$310
2015A 2016A 2017E
$1,091
~$1,000
$940
2015A 2016A 2017E
$1,241
$1,091
$1,065
2015A 2016E 2017E
Expanding Margins & Site Free Cash Flow
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 Total consolidated all-in sustaining costs include corporate and administrative and share based compensation expenses.
4 AISC Margin calculated as realized gold price less AISC. For 2017E this assumes a $1,250/oz gold price
AISC2,3 (US$/oz)
-6%
Cost of Sales1 (US$/oz)
+35%
Declining costs & stronger gold price
driving significant margin expansion
AISC Margin2,3,4 (US$/oz)

6. 6
Leading
development
pipelineGrowth at existing
operations
ESPERANZA
Production
79%
Development
21%
Peer Leading Low-Cost Growth Profile
Controlled, disciplined, multi-stage growth
Advanced
exploration
AĞI DAĞI
KIRAZLI
ÇAMYURT
Consensus NPV
by Geography1
Consensus NPV
by Stage1
Canada
64%
Mexico
24%
Turkey
12%
QUARTZ MOUNTAIN
LYNN LAKE
MULATOS DISTRICT
Producing Assets
Development/Exploration Assets
YOUNG-DAVIDSON
RAMP-UP
MULATOS: LA YAQUI
& CERRO PELON
1 Consensus analyst estimates
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.

7. 7
Strong Balance Sheet
1 Unaudited management estimate as of September 30, 2016.
2 Cash, cash equivalents & available for sale securities.
3 As of January 16, 2017.
No debt maturities until 2020
Balance Sheet
Cash & Cash Eq.1,2 US$287 million
Working Capital1 US$368 million
Total Debt1 US$315 million
Capital Structure
Shares Outstanding 267.0 million
Warrants 11.8 million
Employee Options 9.6 million
Fully Diluted 290.0 million
Recent Share Price (TSX)3 C$10.92
Market Capitalization ~C$2.9 billion
$287 m
$315 m
Cash Total Debt
As of September 30, 2016
2

8. 8
960%
15%
241%
-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
18%
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 merger4
$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 resources2,3
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Includes Measured and Indicated resources of 7.0m oz Au (227 mt at 0.96 g/t Au) and Inferred resources of 3.7m oz Au (116 mt at 0.99 g/t Au).
3 See mineral reserve and resource estimates and associated footnotes in appendix.
4 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%.

9. 9
2016E
2016A
2016E
Q3 YTD 2016
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.
3 Cost of sales includes mining and processing costs, royalties and amortization.
4 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”
8%
decrease in 2016 AISC1 with a
further 6% decline expected in 2017
Production (oz Au)
Capital Spending (US$m)
AISC1,2 (US$/oz)
$22m
Q3 YTD 2016 site free cash flow1 –
significant growth expected in 2017
392,000 oz
Met 2016 production guidance
Cost of Sales3 (US$/oz)
$1,091
$1,093
2016E
Q3 YTD 2016
370,000 – 400,000 oz
392,000 oz
$109m
$138m – $158m

$975
~$1,000
2016E
2016A

10. 10
2016 Scorecard – Growth Projects
Permitting milestones
La Yaqui Phase I EIA &
Kirazlı Forestry Permits granted
80 89 89
149
232
298
0
100
200
300
400
500
600
2014 2015 August 2016
Auoz(000)
Inferred Mineral Resources Indicated Mineral Resources
Proven & Probable Mineral Reserves
1
Surfacing value
Exploration success
570% increase in combined mineral reserves
& resources at La Yaqui since 20141
+570%
1 Includes Proven & Probable reserves of 89,000 oz (1.9 mt at 1.45 g/t Au), Measured and Indicated resources of 149,000 oz (4.1 mt at 1.14 g/t Au) and Inferred resources of 298,000 oz (5.5 mt at 1.68 g/t Au).
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.
La Yaqui Grande
La Yaqui Phase I

11. 11
2015A 2016A 2017E
$1,241
$1,091
$1,065
2015A 2016E 2017E 2015A 2016E 2017E
$1,091
~$1,000
$940
2015A 2016A 2017E
2017 Guidance – Growing Production, Declining Costs
Gold Production (000 oz) AISC1,2 (US$/oz)
-6%
Total Capital Spending (US$m)
$138-158m4
$140-157m
Cost of Sales3 (US$/oz)
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.
3 Cost of sales includes mining and processing costs, royalties and amortization.
4 Total capital spending for Alamos has been included for the periods prior to July 2, 2015 for comparative purposes only.
392
400 – 430
+6%
380
$190m

12. 12
Young-Davidson – Flagship, Long-Life Production
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
Gold Reserves & Resources4 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
$20m
reduction in capital expected in 2017
95%
of costs are in Canadian Dollars – C$
gold price near historical highs
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 Q4/16A 2016A 2016E 2017E
Gold Production (k oz) 160.4 44.7 170.0 170-180 200-210
Cost of Sales1 (US$/oz) $1,162 - - $1,034 $1,050
Total Cash Costs2,3 (US$/oz) $683 - - $600 $625
Mine-site AISC2,3 (US$/oz) $986 - - $825 $775
Total Capital (US$m) $108 - - $85-95 $70-80

13. 13
Growing production; declining costs; declining capital intensity
>6,600 tpd
average underground mining rate
in Q4 2016
Young-Davidson – Ramp up of Underground Mining
Owner development
transition completed in April 2016
MCM shaft
completed commissioning Q1 2016
>7,000 tpd
achieved 2016 year-end
underground mining rate target
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
Q3/16
Q4/16
Mill TPD Underground TPD

14. 14
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 flow2 to date
• Large exploration package (28,773 ha)
Gold Reserves & Resources4 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
$909/oz
Q3 YTD 2016 AISC2, down 13% from
2015 levels
154k oz
2016 production – exceeding
full year guidance
1 Cost of sales includes mining and processing costs, royalties and amortization.
2 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
3 Capital spending guidance for 2016 and 2017 excludes capitalized exploration.
4 See mineral reserve and resource estimates and associated footnotes in appendix.
2015A Q4/16A 2016A 2016E 2017E
Gold Production (k oz) 140.3 44.9 154.0 140-150 150-160
Cost of Sales1 (US$/oz) $1,116 - - $1,097 $1,015
Total Cash Costs2 (US$/oz) $869 - - $850 $815
Mine-site AISC2 (US$/oz) $1,047 - - $925 $890
Total Capital3 (US$m) $45 - - $25-35 $33-40

15. 15
$1,047
$925
$890
2015A 2016E 2017E
220 259 259
47
196
236
302
0
100
200
300
400
500
600
700
800
2014 2015 August 2016
000ozAu
Inferred Mineral Resources Measured & Indicated Mineral Resources Proven & Probable Mineral Reserves
Mulatos – Declining Cost Profile
Focused cost reductions
2017 AISC expected to decrease ~$160/oz
from 2015
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 & renewed focus –
2017 Mulatos exploration budget of $17m
Declining Costs
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 For the purposes of calculating mine-site all-in sustaining costs, the Company does not include an allocation of corporate and administrative and share based compensation expenses.
3 Cost of sales includes mining and processing costs, royalties and amortization.
4 For more information, see press releases dated September 12, 2016 “Alamos Reports Significant Interim Increase in Mineral Resources at La Yaqui” and March 24, 2016 “Alamos Reports Mineral Reserves and Resources for the Year-Ended 2015”
5 2016 reserves & resources Include 5.2 mt at 1.56 g/t for 259k oz in the Proven & Probable category, 4.6 mt at 1.32 g/t for 196k oz in the Measured & Indicated categories and 5.6 mt at 1.67 g/t for 302k oz in the Inferred category.
La Yaqui & Cerro Pelon Reserve & Resource
Growth4,5
+244%
Mine-site AISC1,2 (US$/oz) Cost of Sales3 (US$/oz)
-15%
$1,116
$1,097
$1,015
2015A 2016E 2017E

16. 16
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
87% higher grade
Combined reserve grade 1.56 g/t, 87%
above 2017 budget
Initial production H2-2017
Phase I development of La Yaqui on track
~$400/oz
La Yaqui Phase I 2017 total cash costs1,
51% lower than 2017 Mulatos budget
District potential
Large underexplored land package; >70% of past
drilling focused near Mulatos mine
Mulatos District
Mulatos mine

17. 17
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 2015
• 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 ~75% of El Chanate’s 2017 expected production has been hedged through gold collars ensuring minimum gold price of $1,225/oz and participation up to $1,450/oz
Gold Reserves & Resources4 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
~75%
2017 production hedged ensuring
minimum gold price of $1,225/oz5
$5m
Site free cash flow2 generated Q3
YTD 2016
2015A Q4/16A 2016A 2016E 2017E
Gold Production (k oz) 79.3 16.1 68.0 60-70 50-60
Cost of Sales1 (US$/oz) $1,504 - - $1,231 $1,265
Total Cash Costs2,3 (US$/oz) $808 - - $1,100 $1,200
Mine-site AISC2,3 (US$/oz) $978 - - $1,100 $1,200
Total Capital (US$m) $14 - - $1 $2

18. 18
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
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

19. 19
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 Forestry Permits received Jan 2017
• Kirazlı & Ağı Dağı EIA’s approved
• Kirazlı & Ağı Dağı feasibility studies & Çamyurt PEA
nearing completion
• New mining law supportive of industry

20. 20
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

21. 21
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
 Q3 2016: 93% increase in combined resources at La Yaqui
 Q4 2016: La Yaqui EIA approved
 Q4 2016: Met consolidated 2016 production guidance
 Q4 2016: Achieved year-end target of 7,000 tpd from UG at YD
 Q1 2017: Received Forestry Permits for Kirazlı project
2017: Kirazlı & Ağı Dağı feasibility studies & Çamyurt PEA
Q3 2017: Lynn Lake feasibility study
H2 2017: Initial production at La Yaqui

22. 22
Appendices

23. 23
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

24. 24
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

25. 25
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
2017 Guidance
2016
Guidance
Young-Davidson Mulatos El Chanate Total Total
Gold production (000’s ounces) 200-210 150-160 50-60 400-430 392 (actual)
Cost of Sales (in millions) (4) $215 $157 $70 $442 $420
Cost of Sales ($/oz)(4) $1,050 $1,015 $1,265 $1,065 $1,091
Total cash costs ($/oz)(1) $625 $815 $1,200 $765 $800
All-in sustaining costs ($/oz)(1) $940 $975
Mine-site all-in sustaining costs ($/oz) (1),(3) $775 $890 $1,200 - -
Capital expenditures (in millions)
Sustaining capital(1) $30-35 $8-10 $2 $40-47 $51-61
Growth capital(1) $40-45 $25-30 (2) - $65-75 $60-70
Total – Operating Mines(1) $70-80 $33-40 $2 $105-122 $111-131
Total – Development Projects $35
Total Consolidated Budget $140-157 $138-158
Corporate & Administrative (in millions) $16 $16

26. 26
$287
($315)
-$2,250
-$1,750
-$1,250
-$750
-$250
$250
$750
Randgold Pan
American
Tahoe Centerra OceanaGold Alamos Detour B2Gold IAMGOLD Eldorado New Gold Kinross Yamana
Cash Total Debt
Strong Balance Sheet
1 Cash, cash equivalents & available for sale securities
Source: Factset and company disclosure. Based on financial statements for the period ending September 30, 2016.
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
Well positioned in any gold price environment
Cash1 / (Total Debt) (US$m)
1

27. 27
Young-Davidson – Increasing Grade & Productivity
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 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 Q3/16 Q4/16
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 43,629 44,662
Cost of sales1 (US$/oz) Pre-commercial production $1,677 $1,625 $1,370 $1,211 $1,216 $1,298 $1,165 $986 $1,058 $1,182 $1,032
Total cash costs per oz. (2,3)
$694 $716 $666 $850 $1,009 $871 $723 $719 $745 $697 $681 $617 $616 $738 $607
Mine-site AISC per oz.(2,3)
$1,059 $1,254 $1,357 $1,270 $1,315 $1,144 $959 $912 $987 $1,008 $979 $980 $846 $965 $849
Underground mine
Tonnes mined per day 1,130 1,611 1,417 2,590 2,611 3,595 3,753 4,140 4,130 5,149 5,081 5,911 5,776 6,123 5,467 6,600
Grades (g/t) 2.7 2.5 2.8 3.1 2.8 3.3 3.1 3.0 3.0 2.6 2.6 2.6 2.6 2.4 2.8
Development metres 1,941 2,445 2,620 2,986 3,772 3,545 3,269 3,438 3,409 3,789 3,619 3,769 3,490 3,168 2,677
Unit UG mining costs (US$)
Pre-commercial production
$46 $45 $41 $39 $39 $33 $32 $294 $31 $34 $34
Unit UG mining costs (CAD$) $51 $49 $45 $44 $48 $41 $41 $384 $42 $44 $45
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 6,833
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 2.4
Recoveries (%) 86% 85% 89% 88% 87% 88% 90% 88% 86% 88% 92% 91% 90% 92% 93%
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
$50
1,500
2,500
3,500
4,500
5,500
6,500
Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
UnitUGminingcosts(US$/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 underground mining
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
Best In Class Portfolio of Assets
MULATOS
2017E Au Production 150-160k oz
2017E Au Total Cash Costs US$815/oz
2P Au Reserves 1.5m oz (44.7mt @ 1.07 g/t)
Total Au M&I Resources 3.0m oz (81.1mt @ 1.14 g/t)
Total Au Inf. Resources 0.6m oz (13.8mt @ 1.25 g/t)
EL CHANATE
2017E Au Production 50-60k oz
2017E Au Total Cash Costs US$1,200/oz
2P Au Reserves 0.5m oz (19.3mt @ 0.75 g/t)
Total Au M&I Resources 0.1m oz (2.3mt @ 0.86 g/t)
QUARTZ MOUNTAIN
Stage Advanced Exploration
Total Au M&I Resources 0.3m oz (12.2mt @ 0.87 g/t)
Total Au Inf. Resources 1.1m oz (39.2mt @0.91 g/t)
YOUNG-DAVIDSON
2017E Au Production 200-210k oz
2017E Au Total Cash Costs US$625/oz
2P Au Reserves 3.9m oz (45.7mt @ 2.64 g/t)
Total Au M&I Resources 1.0m oz (9.7mt @ 3.05 g/t)
Total Au Inf. Resources 0.3m oz (3.6mt @ 2.74g/t)
AĞI DAĞI
Stage Permitting
Est. Annual Production 143k oz
Est. Total Cash Costs US$611/oz
Total Au M&I Resources 1.7m oz (90.1mt @ 0.59 g/t)
Total Au Inf. Resources 0.2m oz (16.8mt @ 0.46 g/t)
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 1.1m oz (34.4mt @ 0.98 g/t)
KIRAZLI
Stage Permitting
Est. Annual Production 99k oz
Est. Total Cash Costs US$515/oz
Total Au M&I Resources 0.8m oz (32.7mt @ 0.72 g/t)
Total Au Inf. Resources 0.1m oz (5.7mt @ 0.59 g/t)
ÇAMYURT
Stage Resource Dev.
Total Au M&I Resources 0.5m oz (17.7mt @ 0.89 g/t)
Total Au Inf. Resources 0.1m oz (2.8mt @0.95 g/t)
LYNN LAKE
Stage Feasibility
Est. Annual Production 145k oz
Est. Total Cash Costs C$530/oz
Total Au M&I Resources 2.6m oz (40.3mt @ 2.03 g/t)
Total Au Inf. Resources 2.1m oz (50.7mt @ 1.28 g/t)
Diversified production Low-cost growth Safe jurisdictions
Consensus NPV
by Geography1
Consensus NPV
by Stage1
Production
79%
Development
21%
Canada
64%
Mexico
24%
Turkey
12%
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.
1Consensus analyst estimates

37. 37
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)

38. 38
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

39. 39
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

40. 40
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

41. 41
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%

42. 42
Scott K. Parsons, CFA
VP, Investor Relations
416.368.9932 x 5439
sparsons@alamosgold.com