- The document provides financial results and highlights for Q4 2012 and full year 2012 for Alamos Gold Inc. - For Q4 2012, production was 41,145 ounces at a total cash cost of $628 per ounce, with adjusted net earnings of $13.7 million. - For full year 2012, production was 127,283 ounces at a total cash cost of $516 per ounce, with adjusted net earnings of $34.7 million. - Production at the Young-Davidson mine is ramping up as planned and the shaft system is on track to be commissioned in Q3.

1. Q4 2012
Financial Results
Conference Call and Webcast
March 26, 2013

2. FORWARD LOOKING STATEMENTS
Cautionary Statement
Certain information included in this presentation constitutes forward-looking statements, including any information as to our projects, plans and future
financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words “expect”,
“believe”, “anticipate”, “will”, “intend”, “estimate”, “forecast”, “budget”, “schedule” and similar expressions identify forward-looking statements. Forward-
looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently
subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to
differ materially from those projected in the forward-looking statements.
Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold; changes in
foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; any decision
to declare a quarterly dividend; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining
inputs and labor; development delays at the Young-Davidson mine; operating or technical difficulties in connection with mining or development activities;
inherent risks associated with mining and mineral processing; the risk that the Young-Davidson and El Chanate mines may not perform as planned;
uncertainty with the Company’s ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development,
including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local government legislation in
Canada, Mexico and other jurisdictions in which the Company does or may carry on business in the future; risk of loss due to sabotage and civil
disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks
arising from holding derivative instruments; business opportunities that may be pursued by the Company. Many of these uncertainties and contingencies
can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made
by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking
statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying
forward-looking statements.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.
Cautionary Note to U.S. Investors Concerning Measured, Indicated and Inferred Resources
This presentation uses the terms "measured," "indicated" and "inferred” resources. We advise investors that while those terms are recognized and
required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. Under Canadian rules, estimates
of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all
or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to
assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.
2

3. Scott Perry
President & CEO

4. Recent Key Highlights
Focused on Shareholder Value Creation
• Portfolio optimization completed
• Launched shareholder friendly initiatives
• Updated reserves and resources
• Focused on higher margin, profitable ounces
• Kemess feasibility study released
• Young-Davidson ramp-up on target
• Shaft system on track for Q3 commissioning
• Underground ramp-up on target
• El Chanate:
• Non-cash goodwill impairment charge
• IFRIC 20 – stripping cost allocation
4

5. Rob Chausse
Chief Financial Officer

6. Q4 Continuing Operations Performance(1)
Quarter Ended Quarter Ended
(in thousands, except ounces, per share amounts, average realized prices
and total cash costs)
Dec. 31, 2012 Dec. 31, 2011
Gold ounces produced(2) 41,145 18,080
Total cash costs per gold ounce $628 $401
Revenue from mining operations $63,119 $29,696
Average realized gold price per ounce $1,720 $1,661
Adjusted net earnings / (loss)(3) $13,681 ($7,410)
Adjusted net earnings / (loss) per share, basic(3) $0.05 ($0.03)
Non-cash goodwill impairment charge(4) $127,000 -
Net (loss) / earnings ($134,420) $23,027
Net (loss) / earnings per share, basic ($0.48) $0.09
Operating cash flow (before changes in working capital)(5) $31,148 $3,069
Net free cash flow ($66,340) ($105,891)
1. Continuing operations include the Young-Davidson and El Chanate mine operations.
2. Quarter ended December 31, 2012 includes pre-production ounces from the Young-Davidson mine.
3. See the table on slide 10 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q4 2012 Financial Results Press Release.
4. Non-cash goodwill impairment charge related to the El Chanate mine.
5. See the table at the end of this presentation for a reconciliation of operating cash flow (before changes in working capital).
6

7. 2012 Continuing Operations Performance(1)
Year Ended Year Ended
(in thousands, except ounces, per share amounts, average realized prices and
total cash costs)
Dec. 31, 2012 Dec. 31, 2011
Gold ounces produced(2) 127,283 49,395
Total cash costs per gold ounce $516 $449
Revenue from mining operations $163,622 $83,932
Average realized gold price per ounce $1,690 $1,631
Adjusted net earnings / (loss)(3) $34,729 ($7,511)
Adjusted net earnings / (loss) per share, basic(3) $0.12 ($0.04)
Non-cash goodwill impairment charge(4) $127,000 -
Net (loss) / earnings ($97,821) $29,295
Net (loss) / earnings per share, basic ($0.34) $0.16
Operating cash flow (before changes in working capital)(5) $39,100 $4,861
Net free cash flow ($368,731) ($111,054)
1. Continuing operations include the Young-Davidson and El Chanate mine operations.
2. Year ended December 31, 2012 includes pre-production ounces from the Young-Davidson mine.
3. See the table on slide 11 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q4 2012 Financial Results Press Release.
4. Non-cash goodwill impairment charge related to the El Chanate mine.
5. See the table at the end of this presentation for a reconciliation of operating cash flow (before changes in working capital).
7

8. Q4 Continuing Operations Highlights(1)
Young-
El Chanate Q4 2012 Q4 2011
Davidson
Gold ounces produced 14,782 19,236 34,018 18,080
Pre-production gold ounces produced - 7,127 7,127 -
Total gold ounces produced 14,782 26,363 41,145 18,080
Gold ounces sold 13,967 22,170 36,137 17,355
Pre-production gold ounces sold - 3,595 3,595 -
Total gold ounces sold 13,967 25,765 39,762 17,355
Total cash costs per gold oz.(2),(3),(4) $468 $744 $628 $401
1. Continuing operations include the Young-Davidson and El Chanate mine operations.
2. Cash costs for the El Chanate mine and Young-Davidson mine are calculated on a per gold ounce basis, using by-product revenues as a cost credit.
3. Gold ounces used to calculate cash costs include ounces sold at the El Chanate mine and ounces produced at the Young-Davidson mine.
4. The Young-Davidson mine declared commercial production on September 1, 2012 however the Young-Davidson underground mine remains in the pre-production period. Pre-
production ounces produced are excluded from the calculation of cash costs as they are credited against capitalized project costs.
8

9. 2012 Continuing Operations Highlights(1)
Young-
El Chanate 2012 2011
Davidson
Gold ounces produced 71,145 29,139 100,284 49,395
Pre-production gold ounces produced - 26,999 26,999 -
Total gold ounces produced 71,145 56,138 127,283 49,395
Gold ounces sold 68,253 26,169 94,422 49,659
Pre-production gold ounces sold - 17,505 17,505 -
Total gold ounces sold 68,253 43,674 111,927 49,659
Total cash costs per gold oz.(2),(3),(4) $434 $708 $516 $449
1. Continuing operations include the Young-Davidson and El Chanate mine operations.
2. Cash costs for the El Chanate mine and Young-Davidson mine are calculated on a per gold ounce basis, using by-product revenues as a cost credit.
3. Gold ounces used to calculate cash costs include ounces sold at the El Chanate mine and ounces produced at the Young-Davidson mine.
4. The Young-Davidson mine declared commercial production on September 1, 2012 however the Young-Davidson underground mine remains in the pre-production period. Pre-
production ounces produced are excluded from the calculation of cash costs as they are credited against capitalized project costs.
9

10. Q4 Adj. Net Earnings Reconciliation
Young- Corporate & Continuing Discontinued
El Chanate Ocampo El Cubo Consolidated
Davidson Other Operations Operations
Net (loss) / earnings $13,369 ($110,183) ($37,606) ($134,420) $111,254 ($2,277) $108,977 ($25,443)
Adjustments:
Unrealized foreign
- - ($2,298) ($2,298) $431 - $431 ($1,867)
exchange (gain) / loss
Fair value adjustment on
option component of - - $6,186 $6,186 - - - $6,186
convertible senior notes
Unrealized loss on
- - $17,778 $17,778 - - - $17,778
investments
Realized gain on
- - ($1,832) ($1,832) - - - ($1,832)
investments
Unrealized loss on
- - $3,569 $3,569 - - - $3,569
contingent consideration
Gain on disposition of 50%
- - ($6,620) ($6,620) - - - ($6,620)
interest in Orion
Other unrealized losses
and non-recurring - - $1,724 $1,724 - - - $1,724
expenses
El Chanate impairment
$127,000 - $127,000 - - - $127,000
charge
Disposition-related costs - - - - $5,654 - $5,654 $5,654
NRV adjustment on
Ocampo heap leach - - - - $7,778 - $7,778 $7,778
inventory
Gain on sale of Ocampo - - - - ($150,793) - ($150,793) ($150,793)
Tax impact of adjustments - - $2,594 $2,594 $75,217 - $75,217 $77,811
Adjusted net earnings $13,369 $16,817 ($16,505) $13,681 $49,541 ($2,277) $47,264 $60,945
Earnings per share $0.05 $0.17 $0.22
10

11. 2012 Adj. Net Earnings Reconciliation
Young- Corporate & Continuing Discontinued
El Chanate Ocampo El Cubo Australia Consolidated
Davidson Other Operations Operations
Net (loss) / earnings $16,109 ($70,396) ($43,534) ($97,821) $110,990 $18,871 $1,191 $131,052 $33,231
Adjustments:
Unrealized foreign
- - $10,663 $10,663 $ 3,907 $2,953 $ 2,220 $ 9,080 $19,743
exchange loss
Fair value adjustment on
option component of - - ($4,046) ($4,046) - - - - ($4,046)
convertible senior notes
Unrealized loss on
- - $146 $146 - - - - $146
investments
Realized gain on
($1,500) ($1,500) - - - - ($1,500)
investments
Unrealized gain on
- - ($1,713) ($1,713) - - - - ($1,713)
derivatives
Unrealized gain on
- - ($1,568) ($1,568) - - - - ($1,568)
contingent consideration
Loss on discontinuance of
- - $1,882 $1,882 - - - - $1,882
hedge accounting
Loss on extinguishment of
- - $3,945 $3,945 - - - - $3,945
debt
Provision for settlement of
- - $2,362 $2,362 - - - - $2,362
lawsuit
Gain on disposition of 50%
- - ($6,620) ($6,620) - - - - ($6,620)
interest in Orion
Disposition-related costs - - - - $9,161 $1,928 $1,034 $12,123 $12,123
El Chanate impairment
$127,000 - $127,000 - - - - $127,000
charge
NRV adjustment on
Ocampo heap leach - - - - $16,070 - - $16,070 $16,070
inventory
Loss on disposition of
- - - - - - $1,736 $1,736 $1,736
Australia
Gain on disposition of El
- - - - - ($21,785) - ($21,785) ($21,785)
Cubo and GyC
Gain on sale of Ocampo - - - - ($150,793) - - ($150,793) ($150,793)
Tax impact of adjustments - - $1,999 $1,999 $78,588 $3,234 $ 46 $81,868 $83,867
Adjusted net earnings $16,109 $56,604 ($37,984) $34,729 $67,923 $5,201 $6,227 $79,351 $114,080
Earnings per share $ 0.12 $ 0.28 $ 0.40 11

12. El Chanate Guidance Revision
Cash Cost Guidance Revision – IFRIC 20
• Capitalization of fewer stripping costs at the El Chanate mine
• Includes 2013 and 2012 operational stripping
• Amended 2013 cash cost guidance
• Increased cash costs guidance to $550 to $600 per gold ounce
• All-in cash costs and cash flow streams not impacted
• Decreases sustaining capital estimates to $8 to $12 million
2013 Operational Estimates – Revised(1)
2013 Original New
Gold Production (ounces) 70,000-80,000 70,000-80,000
Cash Costs (per gold ounce) $475-$525 $550-$600
All-in Cash Costs (per gold ounce) $900-$1,000 $900-$1,000
Sustaining Capital (US$ millions) $12,000-$17,000 $8,000-$12,000
Capital Expenditures (US$ millions) $35,000-$45,000 $30,000-$40,000
(1) Refer to endnote #2
12

13. Scott Perry
President & CEO

14. The Transformed AuRico
Delivering Reliable, Consistent, Sustainable Performance
• High quality operations located in North America
• Divested Non-Core Assets ($1.0B+)
Quality Assets
• Cash costs at lower end of industry cost curve
• Long mine lives & growing reserves per share
• Strong organic production growth profile
Organic Growth Profile • Focused on quality, low-cost ounces
• Growing production per share
• Cash balance of US$300M(1)
Peer-Leading Balance • Undrawn debt facility of $150M(1)
Sheet
• Growing profitability and cash flow per share
• Completed $300M substantial issuer bid
Shareholder Friendly • Launched peer-leading dividend policy
Initiatives • Growing dividend per share
• Insider buying
(1) Refer to endnote #1. 14

15. Q&A

16. Endnotes
1. Company cash on hand and fully diluted shares (excluding convertible debentures) as of December 31, 2012, have been adjusted for
the completion of a US$300M Substantial Issuer Bid. For more information on the Substantial Issuer Bid, please refer to the press
release dated January 29, 2013, available on the Company website at www.auricogold.com. AuRico Gold established a $150M credit
facility January 29, 2013.
2. For more information regarding AuRico Gold’s 2013 operational estimates, including production, costs, and capital investments,
please refer to the press release dated January 18, 2013, available on the Company website at www.auricogold.com.
16

17. Appendix

18. Q4 Consolidated Performance
Quarter Ended Quarter Ended
(in thousands, except ounces, per share amounts, average realized prices, and
total cash costs)
Dec. 31, 2012 Dec. 31, 2011
Gold ounces produced(1) 50,730 72,141
Total cash costs per gold ounce $736 $375
Revenue from mining operations $89,316 $154,811
Average realized gold price per ounce $1,721 $1,672
Adjusted net earnings(2) $60,945 $2,876
Adjusted net earnings per share, basic(2) $0.22 $0.01
Non-cash goodwill impairment charge(3) $127,000 -
Net (loss) / earnings ($25,443) $77,936
Net (loss) / earnings per share, basic ($0.09) $0.31
Operating cash flow (before changes in working capital)(5) $34,106 $76,115
Net free cash flow ($90,124) ($103,842)
1. Quarter ended December 31, 2012 includes pre-production ounces from the Young-Davidson mine.
2. See the table on slide 10 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q4 2012 Financial Results Press Release.
3. Non-cash goodwill impairment charge related to the El Chanate mine as required under IFRS accounting standards.
4. See the table at the end of this presentation for a reconciliation of operating cash flow (before changes in working capital).
18

19. 2012 Consolidated Performance
Year Ended Year Ended
(in thousands, except ounces, per share amounts, average realized prices
and total cash costs)
Dec. 31, 2012 Dec. 31, 2011
Gold ounces produced(1) 250,484 187,423
Total cash costs per gold ounce $542 ($92)
Revenue from mining operations $457,367 $450,115
Average realized gold price per ounce $1,678 $1,599
Adjusted net earnings(2) $114,080 $94,292
Adjusted net earnings per share, basic(2) $0.40 $0.51
Non-cash goodwill impairment charge(3) $127,000 -
Net (loss) / earnings $33,231 $176,859
Net (loss) / earnings per share, basic $0.12 $0.96
Operating cash flow (before changes in working capital)(5) $170,375 $201,327
Net free cash flow ($433,180) ($65,562)
1. Year ended December 31, 2012 includes pre-production ounces from the Young-Davidson mine.
2. See the table on slide 11 for a reconciliation of adjusted net earnings and refer to the discussion of Non-GAAP measures in the Company’s Q4 2012 Financial Results Press Release.
3. Non-cash goodwill impairment charge related to the El Chanate mine as required under IFRS accounting standards.
4. See the table at the end of this presentation for a reconciliation of operating cash flow (before changes in working capital). 19

20. Operating Cash Flow Reconciliation
Quarter Ended Quarter Ended Year Ended Year Ended
Dec. 31, 2012(1) Dec. 31, 2011(1) Dec. 31, 2012(1) Dec. 31, 2011(1)
(in thousands, except per share amounts)
Operating cash flow ($5,127) $42,077 $80,404 $181,824
Less: non-cash working capital $39,233 $34,038 $89,971 $19,503
Operating cash flow, adjusted $34,106 $76,115 $170,375 $201,327
Per share, basic ($0.02) $0.17 $0.28 $0.99
Per share, basic, adjusted $0.12 $0.30 $0.60 $1.10
1. Includes the results of both continuing and discontinued operations.
20