Press release from Marketwire
Alamos Gold Announces Appointment of Vice President, Projects
Monday, October 17, 2011
Alamos Gold Announces Appointment of Vice President, Projects16:11 EDT Monday, October 17, 2011TORONTO, ONTARIO--(Marketwire - Oct. 17, 2011) - Alamos Gold Inc. (TSX:AGI) ("Alamos" or the "Company") is pleased to announce that Mr. Han Ilhan will join the Company as Vice President of Projects effective October 17, 2011. Mr. Ilhan has extensive experience providing engineering and environmental solutions to mining projects worldwide. As Vice President of Projects, Han will be based in Ankara, Turkey and will oversee development of the Company's Turkish projects, as well as future development projects. Mr. Ilhan is a professional engineer and earned his Bachelor of Civil Engineering from Boğaziçi University in Istanbul, Turkey and Master of Geotechnical Engineering at Oregon State University. Han has spent 26 years in progressive engineering, management, and leadership roles at URS Corporation ("URS"), a leading provider of engineering, construction, and technical services for public agencies and private sector companies around the world. Mr. Ilhan was most recently the Vice President and Director of Global Mining Business at URS, where he provided engineering and environmental services to the mining industry in over 20 countries. His experience includes project identification, evaluation, planning, and development, with a strong emphasis on environmental risk minimization and sustainable development. Additionally, as a part of project evaluations and risk management studies, Han has interacted with various stakeholder groups, in addition to technical auditing and due diligence of operating and closed facilities. His specific technical expertise in the mining industry includes engineering, environmental, social risk management, and technical planning in the design and construction of heap leach facilities, water supply and diversion systems, pollution prevention measures, waste storage facilities, and mine closure and reclamation projects. Han has composed numerous engineering and environmental publications and is a distinguished speaker for various high-level mining industry conferences. Mr. Ilhan is fluent in both Turkish and English.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 nearly 500 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 $200 million cash on hand, is debt-free, and unhedged to the price of gold. As of September 30, 2011, Alamos had 118,280,906 common shares outstanding (124,938,906 shares fully diluted), which are traded on the Toronto Stock Exchange under the symbol "AGI".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. FOR FURTHER INFORMATION PLEASE CONTACT: John A. McCluskeyAlamos Gold Inc.President and Chief Executive Officer(416) 368-9932ORAllan CandelarioAlamos Gold Inc.Investor Relations(416) 368-9932 x 406The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.