Alamos Gold Announces Acquisition of Manitou Gold More Than Tripling Land Package Adjacent to Island Gold Mine - Seite 2

The terms and conditions of the Agreement will also be disclosed in more detail in the Manitou management information circular. Completion of the Transaction is subject to customary conditions, including court approvals, a favourable vote of (i) a majority of the Manitou common shares voted at a special meeting of Manitou shareholders, other than shares held by Alamos and any other interested parties in the transaction; and (ii) at least 66 2/3% of the holders of Manitou common shares voted at a special meeting of shareholders, and the receipt of all necessary regulatory and stock exchange approvals. The Agreement includes a customary non-solicitation clause and right to match covenants.

Alamos’ Board of Directors has unanimously approved the Transaction. Torys LLP is acting as legal counsel for Alamos. Hillcrest Merchant Partners is acting as exclusive financial advisor to Manitou, and Fogler, Rubinoff LLP is acting as legal advisor to Manitou in connection with the transaction.

“Since our acquisition of Island Gold in 2017, much of our focus has been on near mine drilling where we have had tremendous success discovering more than four million ounces of high-grade Mineral Reserves and Resources. Through our acquisition of Manitou, we are more than tripling our land package along strike from Island Gold where we see excellent potential for additional high-grade discoveries across the prospective Michipicoten Greenstone Belt,” said John A. McCluskey, President and Chief Executive Officer.

Qualified Persons

Chris Bostwick, FAusIMM, Alamos Gold’s Senior Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Chris Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101.

About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.