Vancouver, June 28, 2017 – Alio Gold Inc. (TSX:ALO, NYSE MKT:ALO) (the “Company”) has today entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and Clarus Securities Inc., (collectively the “Underwriters”) pursuant to which the Underwriters have agreed to purchase on a bought deal basis 8,000,000 units of the Company (the “Units”) at a price of C$6.25 per Unit, representing
total gross proceeds of $50,000,000 (the “Offering”). Each Unit consists of one common share (a “Common Share”) of the Company and one-half of one common share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$8.00 for a period of 12 months following the Closing Date. Closing is expected on or about
July 20, 2017 and is subject to regulatory approval including that of the Toronto Stock Exchange, NYSE MKT and the securities regulatory authorities.

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