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Press release from Marketwire

Alamos Gold Inc. Reports First Quarter 2010 Operating Results

Thursday, April 15, 2010

Alamos Gold Inc. Reports First Quarter 2010 Operating Results06:00 EDT Thursday, April 15, 2010TORONTO, ONTARIO--(Marketwire - April 15, 2010) - (All amounts are in United States dollars unless stated otherwise)Alamos Gold Inc. (TSX:AGI) ("Alamos" or the "Company") reports operating results for the first quarter of 2010 and provides a summary of its recent exploration and development activities in Mexico and Turkey. The Company also plans to release its first quarter 2010 financial results on May 6, 2010, is providing notice that it will host an Annual General Meeting of Shareholders on June 2, 2010, and supplemental information regarding its inaugural dividend.Mulatos First Quarter 2010 Preliminary Production ResultsIn the first quarter of 2010, the Mulatos Mine produced 41,600 ounces at an expected total cash cost below $338 per ounce, including the 5% royalty. Quarterly production is in-line with the Company's 2010 annual production forecast of 160,000 to 175,000 ounces.During the first quarter of 2010, the crushing circuit operated at an average daily production rate of approximately 13,400 tonnes per day. Mining operations continued to benefit from positive grade reconciliation relative to the block model and from a low waste-to-ore ratio. Gold production in the first quarter was approximately 10% less than the first quarter of 2009. The production differential is attributed to downtime associated with the integration of the new closed-circuit crushing system at Mulatos. Late in the fourth quarter of 2009, the Company integrated the new closed-circuit crushing system, which required approximately six days of crusher downtime. This resulted in a reduction in the amount of ore stacked on the heap leach pad. Average throughput was also lower than budgeted due to training and commissioning associated with the closed crushing circuit. The cumulative crusher downtime resulted in approximately 84,000 fewer tonnes of ore being stacked on the heap than budgeted during the fourth quarter of 2009.Due to an average leach cycle time of 17 weeks for Mulatos ore, the stacking of less ore on the heap leach pad in the fourth quarter of 2009 resulted in the recovery ratio(1) overstating the actual recovery during the fourth quarter, and subsequently understating the recovery ratio relative to the actual recovery in the first quarter of 2010. With the closing of the crushing circuit fully-commissioned, the Company expects to see an improvement in recovery ratio in subsequent quarters. The crusher is currently operating at a production rate of approximately 13,500 tonnes per day.Key operational metrics and production statistics for the first quarter of 2010 compared to the first quarter of 2009 are presented in Table 1 at the end of this press release.(1) "recovery ratio" is defined as the ratio of gold ounces produced divided by the number of contained ounces stackedMulatos Development Activities UpdateDetailed engineering and procurement for the new screening plant described in the Company March 31, 2010 press release has commenced, and the project is expected to be completed before the end of the third quarter of 2010. A recently completed scoping-level study indicated that the additional screening should result in a 13% to 20% increase in crusher throughput. This plan to increase crusher throughput is intended to offset the reported drop in reserve grade in order to maintain steady-state production.Overburden removal associated with the development of the Mulatos Pit is ongoing and the contractor continues to expect completing the waste removal on schedule. As of March 31, 2010, the contractor has removed approximately 4.0 million tonnes of overburden since the project commenced.Mulatos Exploration Update Continuing from the 2009 drill program, three reverse-circulation ("RC") and one core drill rig have collectively drilled over 15,700 metres ("m") in 81 holes during the first quarter of 2010. Year-to-date drilling activities have focused on San Carlos, the Puerto del Aire Extension ("PdA Extension"), and the Mulatos Pit.Figure 1 at the end of this press release identifies the location of these projects.San CarlosAn unseasonably rainy winter has resulted in higher than usual water levels in the Mulatos River, which periodically interrupted drilling at San Carlos throughout the first quarter of 2010. Only 2,445 m in 10 RC drill holes was completed during the first quarter. Subsequent to the end of the quarter, the water level of the Mulatos River has subsided and drilling has resumed at San Carlos.Drilling at San Carlos continues to focus on upgrading the established inferred mineral resources to the measured and indicated categories, expanding the known limits of the mineralized system, and further defining the zones of high-grade gold mineralization.Notable recent assay results include: -- 09SC041 - 40.0 m grading 12.87 grams of gold per tonne ("g/t Au") -- 09SC048 - 21.9 m grading 3.00 g/t Au -- 09SC056 - 21.9 m grading 1.76 g/t Au -- 10SC061 - 35.1 m grading 3.45 g/t Au -- 10SC062 - 44.2 m grading 1.39 g/t Au Core holes 09SC041 and 09SC048 were drilled in-between RC holes 09SC034 (32.02 m grading 13.97 g/t Au), 09SC037 (10.68 m grading 40.50 g/t Au), and 09SC038 (9.2m grading 29.35 g/t Au), which were previously reported on January 12, 2010. Contrary to the assay results originally reported in that press release, these core holes were mineralized and demonstrate the continuity and robustness of high-grade gold mineralization in this area.These core holes also confirm that the post-mineral mafic dyke swarm described in the Company's January 12, 2010 press release is barren, but that high-grade gold mineralization is often spatially related to the dykes. The Company now considers the presence of mafic dykes in the Mulatos District as a favorable factor for being in close proximity to high-grade gold mineralization.Based upon recent geological mapping of the historic underground mine workings, the San Carlos mineralized zone, as defined by the distribution of silica alteration, is both stratabound and structurally controlled and extends for at least 400 m along strike from the Mulatos River, is up to 300 m wide, and can be upwards of a 100 m thick.Interpretation also indicates that San Carlos high-grade gold mineralization has both structurally- and stratigraphically-controlled components within the stratabound low-grade gold mineralization. The characteristics of the high-grade zone changing from west to east across a zone that is at least 270 m long. The western portion of this zone, which is primarily structurally controlled, forms a zone up to 45 m wide and 75 m thick. The eastern portion of this zone, which is principally stratabound, can be up to 90 m wide and 20 m thick. Drill hole 10SC061 is significant as it successfully encountered the stratabound high-grade zone at the far eastern end of the known zone, increasing the potential for continuity over a 60 m gap between previous drill holes.Drill hole 10SC062 in the south-eastern part of the deposit is noteworthy as it returned a significant intercept where historic drilling by a previous operator showed only erratic low-grade mineralization. This area is now targeted for extension drilling to the south of the current deposit limits.Additional assay results and drill hole collar data not previously reported are presented in tables 2 and 3, respectively. The locations of drill holes from locations for the drilling campaign are presented in Figure 2. Figure 3 is an idealized section showing the Company's initial interpretation of the San Carlos zone.Puerto del Aire ExtensionAt the Puerto del Aire Extension ("PdA Extension"), the drilling program continued to focus on expanding the zone to the northeast with a total of 7,420 m in 32 holes completed in the first quarter of 2010.Aggressive step-out drilling at PdA has been successful at establishing apparent continuity of the PdA gold bearing silicified zone towards the Mulatos River, which is now more than 2 kilometres from the edge of the Mulatos Pit. These results have significant implications and demonstrate the exploration potential for areas within the Mulatos District with post-mineral cover.Notable recent assay results include: -- 10PA192 - 18.3 m grading 2.91 g/t Au -- 10PA199 - 18.3 m grading 1.05 g/t Au, 21.3 m grading 1.23 g/t Au, and 6.1 m grading 3.2 g/t -- 10PA203 - 38.1 m grading 0.81 g/t Au Drill hole 10PA199 located at the extreme northeast end of the PdA trend, contains three significant gold mineralized intervals and is more than 750 m from the nearest drill hole. The mineralized zones, starting at 68 m down-hole, confirm that the PdA Extension is closer to the surface near the Mulatos River. The shallower extension of PdA is also confirmed by hole 10PA203 located 200 m north of hole 10PA199. These two holes have established a minimum potential size of 300 m by 250 m for the new area, which remains open to the northeast and on the other side of the Mulatos River. Future drilling will be concentrated in the Mulatos River area in the 750 m gap between drill holes 10PA192 and 10PA199.Core hole 10PA192 is a 250 m northeast step-out from the last 2009 PdA Extension drill holes. The reported intercept contains fractured and brecciated cryptocrystalline silica with late-stage barite, pyrite, and dickite that is megascopically identical to the Escondida high-grade zone. The intercept, although fairly deep, is considered very prospective for Escondida-type high-grade mineralization in the area. The current widely spaced drilling program (100 m by 100 m) is presently not intended to locate potential high grade zones, but rather aimed at delineating the extent of the silicified body. Also of notable interest, recent drilling has identified the presence of the southern extension of the San Carlos mafic dyke swarm in the northeastern portion of the PdA Extension. Consequentially, the Company now considers this entire area to now be more prospective for the discovery of additional high-grade zones. The Company is actively drilling in this area.Relevant assay results and drill hole collar data from results received during the quarter are presented in tables 4 and 5, respectively. Drill hole locations for the 2009 and 2010 campaigns are presented in Figure 4 at the end of this release.Mulatos Pit Infill Drill ProgramInfill drilling is ongoing at the Estrella zone within the Mulatos Pit. This drilling assists near-term production planning and the Company's ongoing efforts to further refine the block model in areas where drilling was not previously practical. As of March 31, 2010, a total of 4,805 m in 44 holes has been completed with additional in-pit drilling planned for the second quarter of 2010.Generally, the in-pit drilling is confirming expected grade and thickness estimates from the block model and has been encountering impressive intercepts on the northern edge of the Mulatos Pit. The drilling on the northern edge of the pit is within an area not contained within the block model, as the area was previously inaccessible for drilling due to near-vertical topography.Notable highlights include: -- 10AM067 - 79.3 m grading 1.52 g/t Au -- 10AM068 - 131.1 m grading 2.60 g/t Au -- 10AM069 - 70.1 m grading 1.20 g/t Au -- 10AM075 - 103.7 m grading 2.23 g/t Au -- 10AM078 - 70.1 m grading 1.17 g/t Au Additional assay results and drill hole collar data from results from the in-pit drill program received during the first quarter of 2010 are presented in tables 6 and 7, respectively, at the end of this press release.Agi Dagi and Kirazli Exploration and Development UpdateDrilling at the Company's Agi Dagi and Kirazli projects on the Biga Peninsula of northwestern Turkey is progressing well. There are currently two core rigs actively drilling to collect core for metallurgical and geotechnical testing purposes. Two additional core rigs began mobilizing to site this week in support of the 34,000 m drill program planned for the Agi Dagi and Kirazli projects in 2010. Two more rigs, bringing the total to six, will be mobilized to site before the end of this quarter. The Company is currently assessing its capabilities to determine whether it can support adding more drill rigs to the program.The metallurgical, geotechnical, and geological data collected from the 2010 drill program will be incorporated in the a combined pre-feasibility study for the Agi Dagi and Kirazli that the Company expects to complete during the first half of 2011.Notice of First Quarter 2010 Financial ResultsThe Company's senior management will host a conference call on Thursday, May 6, 2010 at 11:00 am EDT to discuss the 2010 first quarter financial results, and to provide an update of the Company's operating, exploration, and development activities. Participants may join the conference call by dialling 1 (800) 355-4959 or 1 (416) 695-6623 for calls outside Canada and the United States or via webcast on the Company's website at www.alamosgold.com.A recorded playback of the conference call can be accessed after the event until May 20, 2010 by dialling 1 (800) 408-3053 or 1 (416) 695-5800 for calls outside Canada the United States. The pass code for the conference call playback is 5364885, followed by the # key. The archived audio webcast will also be available on the Company's website at www.alamosgold.com.Notice of Annual MeetingThe Company will host its Annual General Meeting of Shareholders ("AGM") on Wednesday, June 2, 2010 and invites all shareholders to attend. The AGM will begin at 4:00 pm Eastern Time and will be held at the TSX Gallery, located at 130 King Street West, Toronto, Ontario (corner of York and King streets). During the meeting, senior management will provide a general corporate update followed by an informal questions-and-answers session.Inaugural Dividend ClarificationOn March 17, 2010 the Company announce that the Board of Directors has declared a dividend of $0.03 per common share, payable on April 30, 2010 to shareholders of record at the close of business today, April 15, 2010. The dividend is denominated in United States dollars.This dividend qualifies as an "eligible dividend" for Canadian income tax purposes.QA/QC ProgramsMulatos exploration programs are conducted under the supervision of Herve Thiboutot, P.Eng., Vice President Exploration of the Company, and by Ken Balleweg, B.Sc. Geological Engineering, M.Sc. Geology, Registered Professional Geologist, Mexico Exploration Manager. Both are Qualified Persons as defined by National Instrument 43-101 of the Canadian Securities Administrators. Strict sampling and QA/QC protocol are followed, including the insertion of standards, blanks, and duplicates on a regular basis. Sample intervals are usually 1.5 m. Samples are sent to ALS Chemex Inc. in Hermosillo, Mexico for sample preparation and then to Vancouver, British Columbia for analysis. Analytical method is fire assay with atomic adsorption finish and gravimetric finish for individual samples with a gold concentration greater than 5.0 g/t Au. Composites presented in the assay results tables include intervals at greater than 0.5 g/t Au over a 3-m minimum width, no assays are cut unless indicated.About AlamosAlamos is an established Canadian-based gold producer that owns and operates the Mulatos Mine in Mexico, and has exploration and development activities in Mexico and Turkey. The Company employs over 470 people in Mexico and Turkey and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Alamos has over US$160 million cash on hand, is debt-free, and unhedged to the price of gold. Alamos' common shares are traded on the Toronto Stock Exchange under the symbol "AGI".Cautionary Non-GAAP StatementsThe Company believes that investors use certain 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. "Total cash costs" as used in this analysis is a non-GAAP term typically used by gold mining companies to assess the level of gross margin available to the Company per ounce of gold by subtracting these costs from the unit price realized during the period. This non-GAAP term is 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 "total cash costs" as determined by the Company compared with other mining companies. In this context, "total cash costs" reflects the per ounce cash operating costs allocated from in-process and dore inventory associated with ounces of gold sold in the period, plus applicable royalties. "Total cash costs" may vary from one period to another due to operating efficiencies, waste-to-ore ratios, grade of ore processed, gold recovery rates and gold prices during the period. Cautionary NoteNo stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, 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 that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource which is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.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." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements.There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Alamos' expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in Alamos' Annual Information Form. Although Alamos has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. To view Figure 1: Mulatos Pit Area, please visit the following link - www.alamosgold.com/Theme/Alamos/files/PressReleases/20100415/20100415_Figure_01.pdfTo view Figure 2: San Carlos Project Area Drill Hole Location Map, please visit the following link - www.alamosgold.com/Theme/Alamos/files/PressReleases/20100415/20100415_Figure_02.pdfTo view Figure 3: San Carlos Project Area Idealized Section, please visit the following link - www.alamosgold.com/Theme/Alamos/files/PressReleases/20100415/20100415_Figure_03.pdfTo view Figure 4: Puerto del Aire Trend Project Area Drill Hole Locations, please visit the following link - www.alamosgold.com/Theme/Alamos/files/PressReleases/20100415/20100415_Figure_04.pdf Table 1: Production Summary & Statistics (1)(2) ---------------------------------------------------------------------------- Q1 Q1 Change (%) 2010 2009 ---------------------------------------------------------------------------- Ounces of Gold Produced (3) 41,600 46,000 -10% Ore mined (tonnes, 000s) 1,210 1,047 16% Waste mined (tonnes, 000s) 743 1,532 -52% ---------------------------------------------------------------------------- Total Material (tonnes, 000s) 1,953 2,579 -24% Waste-to-Ore Ratio (x) 0.61 1.46 -58% Ore Crushed (tonnes, 000s) 1,190 1,068 11% Grade (g/t Au) 1.76 1.71 3% ---------------------------------------------------------------------------- Contained Ounces Stacked 67,450 58,715 15% Ounces Produced (Au) 41,600 46,000 -10% Ratio of Gold Production to 62% 78% -21% Contained Ounces Stacked ---------------------------------------------------------------------------- (1) All amounts for Q1-2010 are preliminary and based on initial end of period estimates. Final adjustments may be required. (2) Certain numbers may not compute due to the effects of rounding and truncation. (3) Before final refinery settlements, which may result in increases or decreases to reported gold production. Table 2: San Carlos - Select Composite Intervals(1) Include intervals at greater than 0.5 g/t Au over a 3 metres minimum width, no assay cut (unless indicated) ---------------------------------------------------------------------------- Drill Hole Drilling Total Depth From To Interval Assay Number Method (m) (m) (m) (m) (g/t Au) ---------------------------------------------------------------------------- 110.00 150.00 40.00 12.87 Inc.110.00 111.00 1.00 320.00 09SC041 Core 255.70 Inc.114.00 117.00 3.00 24.27 Inc.121.00 129.00 8.00 10.23 153.00 163.20 10.20 1.37 ---------------------------------------------------------------------------- 118.00 121.00 3.00 1.73 09SC048 Core 250.35 125.00 146.85 21.85 3.00 208.00 225.20 17.20 0.70 ---------------------------------------------------------------------------- 09SC054 RC 166.16 123.48 147.87 24.39 0.92 ---------------------------------------------------------------------------- 178.35 182.93 4.58 3.32 09SC055 RC 257.62 225.61 228.66 3.05 1.18 236.28 240.85 4.57 1.47 ---------------------------------------------------------------------------- 138.72 161.59 22.87 1.76 09SC056 RC 269.82 246.95 257.62 10.67 0.87 260.67 265.24 4.57 1.47 ---------------------------------------------------------------------------- 09SC057 RC 228.66 140.24 143.29 3.05 0.64 ---------------------------------------------------------------------------- 87.80 93.35 5.55 0.71 09SC058 Core 209.65 99.35 105.35 6.00 0.84 174.80 178.80 4.00 4.30 ---------------------------------------------------------------------------- 233.23 237.80 4.57 0.83 09SC059 RC 288.11 266.77 269.82 3.05 0.93 272.87 275.91 3.05 5.44 ---------------------------------------------------------------------------- 82.32 85.37 3.05 0.82 92.99 100.61 7.62 1.49 105.18 108.23 3.05 0.65 09SC060 RC 211.89 131.10 146.34 15.24 1.05 149.39 152.44 3.05 0.72 172.26 182.93 10.67 0.59 187.50 198.17 10.67 2.05 ---------------------------------------------------------------------------- 178.35 213.41 35.06 3.45 10SC061 RC 242.38 Inc.178.35 179.88 1.53 56.50 ---------------------------------------------------------------------------- 94.51 138.72 44.21 1.39 143.29 163.11 19.82 0.92 10SC062 RC 259.15 166.16 172.26 6.10 0.83 178.35 195.12 16.77 0.68 199.70 219.51 19.81 1.39 ---------------------------------------------------------------------------- 225.61 230.18 4.57 0.92 10SC063 RC 254.57 237.80 240.85 3.05 0.61 ---------------------------------------------------------------------------- 103.66 108.23 4.57 0.555 10SC064 RC 182.93 123.48 126.52 3.04 0.662 ---------------------------------------------------------------------------- 109.76 112.80 3.04 1.52 117.38 129.57 12.19 0.54 10SC065 RC 217.99 173.78 178.35 4.57 1.23 196.65 202.74 6.09 0.77 ---------------------------------------------------------------------------- 150.91 157.01 6.10 1.20 10SC066 RC 257.62 225.61 233.23 7.62 0.58 251.52 254.57 3.05 0.66 ---------------------------------------------------------------------------- 10SC067 RC 243.90 155.49 158.54 3.05 0.68 ---------------------------------------------------------------------------- 128.05 146.34 18.29 1.37 190.55 193.60 3.05 0.59 10SC068 RC 259.15 228.66 231.71 3.05 1.49 239.33 242.38 3.05 0.76 ---------------------------------------------------------------------------- 125.00 129.57 4.57 0.59 10SC069 RC 243.90 132.62 135.67 3.05 0.61 198.17 211.89 13.72 1.33 ---------------------------------------------------------------------------- 143.29 146.34 3.05 0.75 224.09 228.66 4.57 0.51 10SC070 RC 283.54 234.76 240.85 6.09 0.51 260.67 263.72 3.05 0.91 274.39 280.49 6.10 0.76 ---------------------------------------------------------------------------- (1) Due to the exploratory nature of this program and the variable orientations of the high-grade mineralized zones, the intersections presented herein may not necessarily represent the true width of mineralization Table 3: San Carlos - Drill Hole Collar Data ---------------------------------------------------------------------------- Total Drill Hole Depth Azimuth Dip Easting NAD27-12 Northing NAD27-12 (m) (degree) (degree) (m) (m) ---------------------------------------------------------------------------- 09SC041 255.70 0 -80 722,569 3,173,091 ---------------------------------------------------------------------------- 09SC048 250.35 0 -60 722,596 3,173,002 ---------------------------------------------------------------------------- 09SC054 166.16 0 -60 722,571 3,172,910 ---------------------------------------------------------------------------- 09SC060 211.89 0 -55 722,482 3,172,995 ---------------------------------------------------------------------------- 10SC061 242.38 0 -80 722,690 3,173,054 ---------------------------------------------------------------------------- 10SC062 259.15 0 -55 722,485 3,172,948 ---------------------------------------------------------------------------- 10SC063 254.57 0 -52 722,690 3,173,055 ---------------------------------------------------------------------------- 10SC064 182.93 0 -90 722,485 3,172,946 ---------------------------------------------------------------------------- 10SC065 217.99 0 -57 722,568 3,173,093 ---------------------------------------------------------------------------- 10SC066 257.62 0 -53 722,595 3,172,886 ---------------------------------------------------------------------------- 10SC067 243.90 0 -60 722,598 3,172,944 ---------------------------------------------------------------------------- 10SC068 259.15 0 -60 722,571 3,172,953 ---------------------------------------------------------------------------- 10SC069 243.90 180 -75 722,596 3,172,878 ---------------------------------------------------------------------------- 10SC070 283.54 0 -90 722,625 3,172,980 ---------------------------------------------------------------------------- Table 4: Puerto del Aire Extension - Select Composite Intervals Include intervals at greater than 0.5 g/t Au over a 3 metres minimum width, no assay cut (unless indicated) ---------------------------------------------------------------------------- Drill Hole Drilling From To Interval Assay Number Method Total Depth (m) (m) (m) (m) (g/t Au) ---------------------------------------------------------------------------- 410.94 414.85 3.91 0.58 09PA188 RC/Core 480.60 424.79 432.39 7.60 0.67 ---------------------------------------------------------------------------- 10PA189 RC 291.16 No Intervals ---------------------------------------------------------------------------- 10PA191 RC/Core 345.85 318.60 326.22 7.62 0.59 ---------------------------------------------------------------------------- 432.99 437.55 4.56 0.68 441.39 458.99 17.60 0.58 10PA192 RC/Core 513.00 462.03 470.82 8.79 0.90 475.15 493.40 18.25 2.91 496.90 503.20 6.30 0.53 ---------------------------------------------------------------------------- 10PA196 RC 167.68 No Intervals ---------------------------------------------------------------------------- 10PA197 RC 339.94 No Intervals ---------------------------------------------------------------------------- 68.60 73.17 4.57 0.74 76.22 94.51 18.29 1.05 109.76 112.80 3.04 1.86 10PA199 RC 213.41 121.95 126.52 4.57 2.10 131.10 152.44 21.34 1.23 158.54 161.59 3.05 0.77 166.16 172.26 6.10 3.17 ---------------------------------------------------------------------------- 10PA200 RC 375.00 250.00 253.05 3.05 0.87 ---------------------------------------------------------------------------- 10PA201 RC 196.65 167.68 175.30 7.62 1.16 ---------------------------------------------------------------------------- No 10PA202 RC 335.37 Intervals ---------------------------------------------------------------------------- 10PA203 RC 199.70 155.49 193.60 38.11 0.81 ---------------------------------------------------------------------------- 10PA205 RC 370.43 No Intervals ---------------------------------------------------------------------------- (1) Due to the exploratory nature of this program and the variable orientations of the high-grade mineralized zones, the intersections presented herein may not necessarily represent the true width of mineralization Table 5: Puerto del Aire Extension - Drill Hole Collar Data ---------------------------------------------------------------------------- Total Depth Azimuth Dip Easting Northing Drill Hole (m) (degree) (degree) NAD27-12 (m) NAD27-12 (m) ---------------------------------------------------------------------------- 09PA186 327.74 0 -90 722,560 3,172,097 ---------------------------------------------------------------------------- 09PA187 153.96 150 -60 722,559 3,172,093 ---------------------------------------------------------------------------- 09PA188 480.60 150 -70 722,558 3,172,094 ---------------------------------------------------------------------------- 10PA189 291.16 0 -90 722,116 3,171,661 ---------------------------------------------------------------------------- 10PA190 364.05 330 -60 722,112 3,171,662 ---------------------------------------------------------------------------- 10PA191 345.85 0 -90 722,291 3,172,002 ---------------------------------------------------------------------------- 10PA192 513.00 150 -60 722,559 3,172,092 ---------------------------------------------------------------------------- 10PA193 395.05 330 -80 722,254 3,171,898 ---------------------------------------------------------------------------- 10PA194 65.55 150 -70 722,460 3,172,029 ---------------------------------------------------------------------------- 10PA195 359.15 330 -75 722,040 3,171,839 ---------------------------------------------------------------------------- 10PA196 167.68 0 -90 722,657 3,172,491 ---------------------------------------------------------------------------- 10PA197 339.94 330 -70 722,527 3,171,834 ---------------------------------------------------------------------------- 10PA198 236.28 150 -77 722,129 3,171,821 ---------------------------------------------------------------------------- 10PA199 213.40 330 -90 722,112 3,171,662 ---------------------------------------------------------------------------- 10PA200 375.00 0 -70 722,526 3,171,835 ---------------------------------------------------------------------------- 10PA201 196.65 150 -60 722,891 3,172,363 ---------------------------------------------------------------------------- 10PA202 335.37 0 -90 722,525 3,171,833 ---------------------------------------------------------------------------- 10PA203 199.70 150 -60 723,098 3,172,389 ---------------------------------------------------------------------------- 10PA204 303.35 150 -60 722,659 3,172,089 ---------------------------------------------------------------------------- 10PA205 370.43 150 -60 723,008 3,172,199 ---------------------------------------------------------------------------- 10PA206 291.16 150 -80 722,660 3,172,087 ---------------------------------------------------------------------------- 10PA207 309.45 330 -60 723,115 3,172,110 ---------------------------------------------------------------------------- 10PA208 213.41 0 -90 723,204 3,172,316 ---------------------------------------------------------------------------- 10PA209 321.65 0 -90 722,995 3,172,205 ---------------------------------------------------------------------------- 10PA210 In Progress 150 -60 723,000 3,172,407 ---------------------------------------------------------------------------- 10PA211 In Progress 330 -60 723,150 3,171,580 ---------------------------------------------------------------------------- Table 6: Mulatos Pit Infill - Estrella Zone - Select Composite Intervals Include intervals at greater than 0.5 g/t Au over a 3m minimum width, no assay cut (unless indicated) ---------------------------------------------------------------------------- Drill Hole Drilling Total Depth From To Interval Assay Number Method (m) (m) (m) (m) (g/t Au) ---------------------------------------------------------------------------- 0.00 79.27 79.27 1.52 102.13 106.71 4.58 1.10 10AM067 RC 172.26 112.80 115.85 3.05 0.98 118.90 123.48 4.58 0.78 ---------------------------------------------------------------------------- 0.00 131.10 131.10 2.60 Inc.16.76 22.86 6.10 13.72 10AM068 RC 170.73 Inc.79.27 91.46 12.19 4.12 Inc.99.09 102.13 3.04 7.54 134.15 138.72 4.57 0.75 ---------------------------------------------------------------------------- 1.52 33.54 32.02 1.24 36.59 106.71 70.12 1.20 10AM069 RC 170.73 111.28 118.90 7.62 0.71 138.72 161.59 22.87 0.93 164.63 169.21 4.58 3.04 ---------------------------------------------------------------------------- 4.57 44.21 39.64 1.92 50.30 57.93 7.63 1.33 10AM070 RC 182.93 60.98 64.02 3.04 0.72 92.99 112.80 19.81 0.99 157.01 160.06 3.05 7.63 ---------------------------------------------------------------------------- 19.81 28.96 9.15 0.92 36.59 57.93 21.34 0.66 60.98 64.02 3.04 0.65 68.60 91.46 22.86 1.76 10AM071 RC 170.73 94.51 100.61 6.10 1.07 109.76 120.43 10.67 0.74 123.48 137.20 13.72 1.52 167.68 170.73 3.05 2.30 ---------------------------------------------------------------------------- 0.00 4.57 4.57 0.52 21.34 76.22 54.88 2.34 Inc.33.54 41.16 7.62 7.27 99.09 112.80 13.71 0.65 10AM072 RC 170.73 115.85 132.62 16.77 1.70 135.67 150.91 15.24 0.67 155.49 158.54 3.05 0.71 163.11 170.73 7.62 0.68 ---------------------------------------------------------------------------- 0.00 51.83 51.83 1.39 54.88 80.79 25.91 1.00 91.46 112.80 21.34 0.77 10AM073 RC 170.73 115.85 128.05 12.20 0.87 131.10 134.15 3.05 0.56 137.20 153.96 16.76 0.95 ---------------------------------------------------------------------------- 0.00 10.67 10.67 1.03 13.72 33.54 19.82 0.95 36.59 89.94 53.35 2.55 10AM074 RC 169.21 94.51 97.56 3.05 0.64 115.85 131.10 15.25 1.30 150.91 153.96 3.05 0.71 ---------------------------------------------------------------------------- 7.62 111.28 103.66 2.23 Inc.33.54 42.68 9.14 6.84 115.85 118.90 3.05 0.56 10AM075 RC 170.73 121.95 125.00 3.05 1.34 131.10 137.20 6.10 0.57 157.01 160.06 3.05 0.89 ---------------------------------------------------------------------------- 0.00 44.21 44.21 1.19 50.30 53.35 3.05 0.59 10AM076 RC 172.26 64.02 67.07 3.05 0.63 88.41 109.76 21.35 1.02 115.85 125.00 9.15 0.83 ---------------------------------------------------------------------------- 0.00 7.62 7.62 1.13 10.67 27.43 16.76 1.16 32.01 64.02 32.01 1.11 76.22 88.41 12.19 0.70 10AM077 RC 169.21 94.51 97.56 3.05 1.10 106.71 111.28 4.57 1.99 123.48 129.57 6.09 0.69 161.59 164.63 3.04 0.71 ---------------------------------------------------------------------------- 0.00 70.12 70.12 1.17 10AM078 RC 170.73 76.22 92.99 16.77 0.88 103.66 108.23 4.57 0.62 ---------------------------------------------------------------------------- (1) Due to the exploratory nature of this program and the variable orientations of the high-grade mineralized zones, the intersections presented herein may not necessarily represent the true width of mineralization Table 7: Mulatos Pit Infill - Estrella Zone - Drill Hole Collar Data ---------------------------------------------------------------------------- Total Depth Azimuth Easting Northing Drill Hole (m) (degree) Dip (degree) NAD27-12 (m) NAD27-12 (m) ---------------------------------------------------------------------------- 10AM067 172.26 0 -90 720,787 3,171,272 ---------------------------------------------------------------------------- 10AM068 170.73 0 -90 720,827 3,171,312 ---------------------------------------------------------------------------- 10AM069 170.73 0 -90 720,807 3,171,352 ---------------------------------------------------------------------------- 10AM070 182.93 0 -90 720,827 3,171,372 ---------------------------------------------------------------------------- 10AM071 170.73 0 -90 720,767 3,171,292 ---------------------------------------------------------------------------- 10AM072 170.73 0 -90 720,746 3,171,272 ---------------------------------------------------------------------------- 10AM073 170.73 0 -90 720,766 3,171,252 ---------------------------------------------------------------------------- 10AM074 169.21 0 -90 720,807 3,171,253 ---------------------------------------------------------------------------- 10AM075 170.73 0 -90 720,787 3,171,232 ---------------------------------------------------------------------------- 10AM076 172.26 0 -90 720,767 3,171,212 ---------------------------------------------------------------------------- 10AM077 169.21 0 -90 720,748 3,171,233 ---------------------------------------------------------------------------- 10AM078 170.73 0 -90 720,827 3,171,212 ---------------------------------------------------------------------------- 10AM079 80.79 0 -90 720,847 3,171,012 ---------------------------------------------------------------------------- 10AM080 80.79 0 -90 720,847 3,170,972 ---------------------------------------------------------------------------- 10AM081 170.73 0 -90 720,846 3,171,232 ---------------------------------------------------------------------------- 10AM082 170.73 0 -90 720,866 3,171,372 ---------------------------------------------------------------------------- 10AM083 80.79 0 -90 720,847 3,171,052 ---------------------------------------------------------------------------- 10AM084 166.16 0 -90 720,867 3,171,237 ---------------------------------------------------------------------------- 10AM085 80.79 0 -90 720,706 3,171,032 ---------------------------------------------------------------------------- 10AM086 80.79 0 -90 720,746 3,171,072 ---------------------------------------------------------------------------- 10AM087 80.79 0 -90 720,747 3,171,032 ---------------------------------------------------------------------------- FOR FURTHER INFORMATION PLEASE CONTACT: Alamos Gold Inc. John A. McCluskey President and Chief Executive Officer (416) 368-9932 or Alamos Gold Inc. Jeremy Link Manager, Investor Relations (416) 368-9932 The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.