ALAMOS GOLD ANNOUNCES REPURCHASE OF 3% NSR ROYALTY ON ISLAND GOLD MINE AND CORRESPONDING REDUCTION IN 2020 COST GUIDANCE

20200316-Alamos-Repurchase-of-Island-Gold-Royalty-FINAL

TORONTO, March 16, 2020 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that it has entered into an agreement to acquire and cancel a 3% net smelter return (“NSR”) royalty payable on production from the Island Gold mine (the “Royalty”) for total cash consideration of C$75 million ($54 million).

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