Alamos Gold Declares Semi-Annual Dividend

TORONTO, ONTARIO--(Marketwired - March 30, 2017) -

All amounts are in United States dollars, unless otherwise stated.

Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) ("Alamos" or the "Company") today announced that the Company's Board of Directors has declared a semi-annual dividend of US$0.01 per common share. This represents the Company's 15^th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders.

The dividend is payable on April 28, 2017 to shareholders of record as of the close of business on April 13, 2017. This dividend qualifies as an "eligible dividend" for Canadian income tax purposes.

About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine 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 1,300 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".

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.