Disclaimer

TERMS OF USE

This website is owned and operated by Alamos Gold Inc. (“Alamos” or the “Company”). Where we say “we”, “us”, “our”, the “Company” or “Alamos”, we mean Alamos Gold Inc. and/or one or more of all of its affiliates, as may be applicable. By using this website, you agree to the terms and conditions found below (“Terms of Use”) and to the Company’s Privacy Policy. If you do not agree with the Terms of Use or the Privacy Policy do not use this website.

Alamos may revise the terms these Terms of Use at any time without notice. By using this website, you are agreeing to be bound by the then current version of these Terms of Use. Any claim relating to this website or to the Privacy Policy shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein without regard to any conflict of law provisions.

GENERAL DISCLAIMER AND EXCLUSION OF LIABILITY

Alamos has taken all reasonable care in producing and publishing information contained on this website and will endeavour to update information regularly and as required. However, such information is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company cannot guarantee the accuracy, currency or completeness of the information at all times. Unless otherwise indicated, all information posted on this website is current only as of the date of the document that contains the information, if indicated, or the date on which the document is posted, whichever is earlier. Alamos may make changes to the information on this website at any time without prior notice. You are encouraged to ensure that you are referring to the most current information available on the website.

No information included on this website shall be deemed to be incorporated by reference into any of Alamos’s regulatory filings unless expressly indicated in any such filings.

THE INFORMATION AND MATERIALS CONTAINED ON THIS WEBSITE ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL ALAMOS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) OR DUE TO THE USE OF OR INABILITY TO USE THE INFORMATION OR MATERIALS.

Material on this site may contain technical or other inaccuracies, omissions, or typographic errors, for which Alamos assumes no responsibility. Alamos does not warrant or make any representations regarding the use, validity, accuracy, completeness, or reliability of any claims, statements, or information on this website. Alamos may provide links on this website, or in documents posted on this website, to other third-party websites, which are for convenience and reference only. By clicking on a link to a third-party website, you are leaving the Alamos website and Alamos does not monitor or endorse any third-party website, is not responsible for the content of any third-party website and assumes no liability for the content of any other website.

By using this website you agree that Alamos, its subsidiaries and their directors, officers, employees and agents shall not be liable for any damages of any kind or nature whether or not advised of the possibility of damage (including direct, indirect, incidental, special, punitive or consequential damages or loss of: profits, programs, data, use of computer or other systems, opportunities or information) under any circumstances, including but not limited to negligence, arising from: your use, or inability to use, the information on this website; your reliance on any information contained on this website; any inaccuracy or omission in such information or failure to keep the information current; use of any third-party websites linked or referred to on this website; any delays, inaccuracies or errors in, or in the transmission of, any stock price quotes or historical price data; any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and any other matter connected with this website.

The information contained on this website is not a substitute for independent professional advice. This website, and the information contained on it, is not intended as a solicitation or offering of securities in any jurisdiction and should not be construed as such. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate or securities laws in any jurisdiction applicable to Alamos and should not be used for the purposes of making investment decisions concerning securities of Alamos.

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

COPYRIGHT AND OWNERSHIP OF INFORMATION

Subject to the terms and conditions of the Terms of Use, Alamos grants you a non-exclusive, non-transferable, limited licence to view or print the information and documents appearing on this website without alterations, for personal, non-commercial use only. The information and documents on this website or any part of this website in general may not be copied, reproduced, modified, uploaded, posted, transmitted or distributed in any way or in any form (electronic or otherwise) without our prior written approval, which may be withheld at our discretion. Under no circumstances will you acquire any ownership rights or other interest in any information or materials by or through your use of this website.

Certain materials that appear on this website are the property of Alamos and are protected under applicable copyrights, trademarks and/or other proprietary intellectual property rights. Other materials on this website not originally produced by Alamos may be copyrighted or otherwise protected under intellectual property laws by their respective creators or owners and appear on this website either by permission or as public domain reference material. Trademarks may be registered in Canada and in other countries as applicable. The display of trademarks on pages on this website does not imply that a license of any kind has been granted. Any unauthorized downloading, re-transmission or other copying or modification of trademarks, copyrighted information and/or the contents of the website generally may be a violation of statutory and/or common laws, which may be subject to legal action.

STOCK QUOTES AND ANALYST COVERAGE

All quotes are delayed at least fifteen (15) minutes unless otherwise stated. All stock quotes and historical stock price data are provided by third-party service providers and are presented for informational purposes only – they are not intended for trading purposes. If you are contemplating trading in securities of Alamos, you are strongly advised to seek independent professional advice before making any investment decision.

Alamos makes no representation or warranty regarding the accuracy or completeness of any stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of that information. Under no circumstances will Alamos be liable for any inaccuracies or omissions in any such stock price or historical stock price information or data, any delays or errors in its transmission, or any loss or damages (whether direct, indirect, special, punitive or consequential in nature) caused by reliance on this information or the risks arising from the stock market.

Any opinions, estimates or forecasts regarding Alamos’s performance made by analysts are theirs alone and do not represent the opinions, forecasts or predictions of Alamos or its management. Alamos does not by its reference to, or distribution of, any analyst coverage imply its endorsement of or concurrence with such information, conclusions or recommendations.

CAUTIONARY NOTES – FORWARD LOOKING STATEMENTS

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This website contains statements which are, or may be deemed to be, forward-looking information as defined under applicable Canadian and U.S. securities laws ("forward-looking statement(s)"). All statements other than statements of historical fact included in this website which address events, results, outcomes, expectations, predictions, future events or developments that the Company expects to occur, including statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and Mineral Reserves, exploration results, and future plans and objectives of Alamos are, or may be deemed, to be forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as “expect”, “continue”, “estimate”, “forecast”, “believe”, “project”, “intend”, “on track”, “potential”, “budget, “anticipate”, “plan” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may", “could”, “should”, “would”, "might" or "will" be taken, occur or be achieved or the negative connotation of such terms.

Alamos cautions that forward-looking statements are necessarily based upon several factors and assumptions that, while considered reasonable by the Company at the time of making such statements, are inherently subject to significant business, economic, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.

Such factors and assumptions underlying the forward-looking statements in this website include, but are not limited to: changes to current estimates of Mineral Reserves and Resources, operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance, labour and contractor availability, weather issues and other operating or technical difficulties); fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar, Mexican peso and Turkish Lira); risks in obtaining and maintaining necessary licenses, permits and authorizations for the Company’s development and operating assets; employee and community relations; labour and contractor availability (and being able to secure the same on favourable terms); disruptions in the maintenance or provision of required infrastructure and information technology systems; litigation and administrative proceedings; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; changes in national and local government legislation (including tax and employment legislation), controls or regulations; failure to comply with environmental and health and safety laws and regulations; operations may be exposed to new diseases, epidemics and pandemics; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for our operations) in Canada, Mexico, the United States and Turkey; the impact of inflation; any decision to declare a dividend; the risk that the Company’s mines may not perform as planned; uncertainty with the Company's ability to secure additional capital to execute its business plans; the speculative nature of mineral exploration and development; contests over title to properties; expropriation or nationalization of property; political or economic developments in Canada, Mexico, the United States, Turkey and other jurisdictions in which the Company may carry on business in the future; increased costs and risks related to the potential impact of climate change; the costs and timing of construction and development of new deposits; risk of loss due to sabotage, protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company.

Additional risk factors and details with respect to risk factors affecting the Company are set out in the Company’s latest 40-F/Annual Information Form and Management’s Discussion and Analysis, each under the heading “Risk Factors” available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information found in this website. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

NOTE TO U.S. INVESTORS – REPORTING OF MINERAL RESERVES AND RESOURCES

Alamos prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. All Mineral Resource and Reserve estimates contained in this website or in documents referenced on this website that have been prepared by Alamos have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Mining disclosure in the United States was previously required to comply with SEC Industry Guide 7 (“SEC Industry Guide 7”) under the United States Securities Exchange Act of 1934, as amended. The U.S. Securities and Exchange Commission (the “SEC”) has adopted final rules, to replace SEC Industry Guide 7 with new mining disclosure rules under sub-part 1300 of Regulation S-K of the U.S. Securities Act (“Regulation S-K 1300”) which became mandatory for U.S. reporting companies beginning with the first fiscal year commencing on or after January 1, 2021. Under Regulation S-K 1300, the SEC now recognizes estimates of “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”. In addition, the SEC has amended its definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to international standards.

Investors are cautioned that while the above terms are “substantially similar” to the CIM Definitions, there are differences in the definitions under Regulation S-K 1300 and the CIM Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the mineral reserve or mineral resource estimates under the standards adopted under Regulation S-K 1300.  U.S. investors are also cautioned that while the SEC recognizes “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under Regulation S-K 1300, investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater degree of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, investors are cautioned not to assume that any measured mineral resources, indicated mineral resources or inferred mineral resources that the Company reports are or will be economically or legally mineable.

CAUTIONARY NON-GAAP MEASURES AND ADDITIONAL GAAP MEASURES

Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as 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.

“Cash flow from operating activities before changes in non-cash working capital” is a non-GAAP performance measure that could provide an indication of the Company’s ability to generate cash flows from operations and is calculated by adding back the change in non-cash working capital to “cash provided by (used in) operating activities” as presented on the Company’s consolidated statements of cash flows. “cash flow per share” is calculated by dividing “cash flow from operations before changes in working capital” by the weighted average number of shares outstanding for the period. “Free cash flow” is a non-GAAP performance measure that is calculated as cash flows from operations net of cash flows invested in mineral property, plant and equipment and exploration and evaluation assets as presented on the Company’s consolidated statements of cash flows and that would provide an indication of the Company’s ability to generate cash flows from its mineral projects. “Mine site free cash flow” is a non-GAAP measure which includes cash flow from operating activities at, less capital expenditures at each mine site. “Return on equity” is defined as earnings from continuing operations divided by the average total equity for the current and previous year. “Mining cost per tonne of ore” and “cost per tonne of ore” are non-GAAP performance measures that could provide an indication of the mining and processing efficiency and effectiveness of the mine. These measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. “Cost per tonne of ore” is usually affected by operating efficiencies and waste-to-ore ratios in the period. “Total cash costs per ounce”, “all-in sustaining costs per ounce”, and “mine-site all-in sustaining costs” as used in this analysis are non-GAAP terms typically used by gold mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are 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 these metrics as determined by the Company compared with other mining companies. In this context, “total cash costs” reflects mining and processing costs allocated from in-process and doré inventory associated and associated royalties with ounces of gold sold in the period. Total cash costs per ounce are exclusive of exploration costs. “All-in sustaining costs per ounce” include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. “Mine-site all-in sustaining costs” include total cash costs, exploration, and sustaining capital costs for the mine-site, but exclude an allocation of corporate and administrative and share based compensation. “Adjusted net earnings” and “adjusted earnings per share” are non-GAAP financial measures with no standard meaning under IFRS. “Adjusted net earnings” excludes the following from net earnings: foreign exchange gain (loss), items included in other loss, certain non-reoccurring items and foreign exchange gain (loss) recorded in deferred tax expense. “Adjusted earnings per share” is calculated by dividing “adjusted net earnings” by the weighted average number of shares outstanding for the period.

Additional GAAP measures that are presented on the face of the Company’s consolidated statements of comprehensive income and are not meant to be a substitute for other subtotals or totals presented in accordance with IFRS, but rather should be evaluated in conjunction with such IFRS measures. This includes “Earnings from operations”, which is intended to provide an indication of the Company’s operating performance and represents the amount of earnings before net finance income/expense, foreign exchange gain/loss, other income/loss, and income tax expense. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies. A reconciliation of historical non-GAAP and additional GAAP measures are detailed in the Company’s Management’s Discussion and Analysis available on the Company’s website.

TECHNICAL INFORMATION

Except as otherwise noted herein, Christopher Bostwick, FAusIMM, Alamos Gold’s Senior Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this website. Mr. Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101. For more information, please refer to the Company’s Annual Information Forms and the technical reports referenced therein and on this website, available on SEDAR (www.sedar.com).