Alio Gold Provides Third Quarter 2017 Update

http://aliogold.com/_resources/news/nr_2017_11_09.pdf

November 9, 2017, Vancouver, BC – Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), today reported its third quarter 2017 results. Production results were previously released on October 5, 2017.  The Company will host a conference call at 11:00am ET today to discuss the results and the details of the call can be found at the end of the release.

Third Quarter Highlights and Recent Developments

  • Gold production of 19,429 ounces at an all-in sustaining cost1 (“AISC”) of $1,104 per ounce.
  • Completed bought deal equity financing of C$50.4 million.
  • Received formal Change of Land Use Permit at Ana Paula Project (“Ana Paula”).
  • Advanced underground decline at Ana Paula:
    • Permit approved
    • Contracts awarded
    • Underground exploration program to start mid-2018
  • Initiated surface exploration program targeting a zone north of the proposed pit at Ana Paula.
  • Drill results from first two twinned holes at Ana Paula confirm the presence of high-grade mineralization and the lithology of the previous drilling.
  • Received C$3.5 million in warrant exercise proceeds and exercised a buy-back right from Goldcorp of a 1% net smelter royalty (“NSR”) on Ana Paula for US$2.9 million.

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