Alamos Gold Announces Sale of Portfolio of Non-Core Royalties

Press Release

TORONTO, April 01, 2019 — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported that it has entered into an agreement for the sale of a portfolio of non-core royalties to Metalla Royalty & Streaming Ltd. (“Metalla”) (TSXV:MTA) for proceeds of USD$8.0 million in Metalla common shares with the right to receive an additional USD$0.6 million upon Metalla’s exercise of the La Fortuna option.

The portfolio of 18 royalties being sold are all on assets not owned by Alamos. This includes a 2% NSR royalty on the El Realito property, adjacent to the La India mine in Sonora, Mexico and a 1.5% NSR royalty on the Wasamac project, and 1.0% NSR royalty on the Beaufor Mine, both located in Quebec, Canada. The majority of the remaining royalties being sold are on exploration stage properties.

As consideration for the portfolio of royalties, Alamos will be receiving 8,239,698 Metalla common shares, valued at USD$8.0 million, or CAD$1.30 per common share, based on the 10-day volume weighted average price preceding the agreement. Following completion of the transaction, Alamos will own approximately 6.26% of Metalla’s issued and outstanding common shares.

The sale of the royalties is consistent with the Company’s strategy of surfacing value from within its non-core assets.
About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified production from four operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos and El Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439

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