TORONTO, ONTARIO, May 25, 2006 (CCNMatthews via COMTEX News Network) -- Alamos Gold Inc. ("Alamos" or the "Company") (TSX:AGI) announces that at its Annual General Meeting of Shareholders held on May 24th, 2006 the following directors were re-elected: Alan R. Hill, John A. McCluskey, Leonard Harris, Richard W. Hughes, James M. McDonald, Brian W. Penny and Mark Wayne. In addition, John F. Van De Beuken was elected as a director of the Company.
Mr. Van De Beuken brings to the board extensive experience in both mine development and construction. He is currently the Vice-President and Chief Operating Officer of Alamos.
Alamos announces that the Compensation and Nomination Committee of the Board of Directors has authorized the grant of 985,000 incentive stock options to its officers, directors and key managers, consultants and employees at an exercise price of $8.90 per share. These options are granted for a three-to five-year period and the grant is subject to vesting provisions.
Alamos' common shares are traded on the Toronto Stock Exchange under the symbol "AGI" and convertible debentures under the symbol "AGI.DB".
Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: Statements in this release that are forward-looking, including statements relating to the future recovery of the Mulatos Project, are subject to various risks and uncertainties concerning the specific factors identified about in Alamos periodic filings with the Ontario Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.
SOURCE: Alamos Gold Inc.
Alamos Gold Inc.
John A. McCluskey
President and Chief Executive Officer
(416) 368-9932 x203
Alamos Gold Inc.
Victoria Vargas de Szarzynski
Investor Relations
(416) 368-9932 x201
vvargas@alamosgold.com
www.alamosgold.com
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