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Alamos Gold and Richmont Mines Announce Receipt of Interim Court Order, Special Meetings of Shareholders and Mailing of Information Circular

Shareholder Meetings

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Alamos Gold and Richmont Mines Announce Receipt of Interim Court

Order, Special Meetings of Shareholders and Mailing of Information Circular

TORONTO, ONTARIO (October 24, 2017) - Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Richmont

Mines Inc. ("Richmont") (TSX:RIC; NYSE:RIC) today announced that Alamos and Richmont have been granted

an interim order from the Quebec Superior Court (Commercial Division) authorizing various matters, including the

holding of special meetings of Alamos and Richmont shareholders to consider the proposed plan of arrangement

(the “Transaction”) whereby Alamos will acquire all of the issued and outstanding shares of Richmont, and the

mailing of the joint information circular.

The special meetings of Alamos and Richmont shareholders to consider the Transaction will be held on

November 16, 2017 at the offices of Fasken Martineau DuMoulin LLP, 333 Bay Street, 24th Floor, Toronto,

Ontario M5H 2T6. Richmont’s special meeting will commence at 10:00 a.m. (Eastern time) followed by Alamos’

special meeting of shareholders at 10:30 a.m. (Eastern Time). Shareholders of record as of the close of business

on October 17, 2017 will be eligible to vote at the special meetings.

Alamos and Richmont have prepared a joint information circular with respect to the Transaction which will be

mailed to shareholders of record as of October 17, 2017. The information circular will also be available on SEDAR

(www.sedar.com), EDGAR (www.sec.gov) and the Alamos and Richmont websites at www.alamosgold.com and

www.richmont-mines.com.

Alamos and Richmont ’s Board of Directors unanimously recommend that their shareholders vote in favor of the

proposed Transaction.

About Alamos Gold Inc.

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in

North America. This includes the Young-Davidson mine in northern Ontario, Canada and the Mulatos and El

Chanate mines in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development

stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,300 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".

About Richmont Mines Inc.

Richmont Mines currently produces gold from the Island Gold Mine in Ontario and is also advancing development

of the significant high-grade resource extension to the east and at depth. With more than 35 years of experience

in gold production, exploration and development, and prudent financial management, the Corporation has

successfully positioned the Island Gold Mine to cost-effectively build its Canadian reserve base and to enter its

next phase of growth. The Corporation’s shares are traded on the TSX and NYSE under the symbol “RIC”.

For further information please visit the Alamos and Richmont websites at www.alamosgold.com or

www.richmont-mines.com or contact:

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Scott Parsons

Vice-President, Investor Relations

Alamos Gold Inc.

416-368-9932 x 5439

[email protected]

Anne Day

Senior Vice President, Investor Relations

Richmont Mines Inc.

416-368-0291 ext. 105

[email protected]

Cautionary Note – Forward Looking Statements

This News Release contains "forward -looking statements". All statements other than statements of historical fact

included in this release, are forward-looking statements that involve various risks and uncertainties and are base d

on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions

of management. Any statements that express or involve discussions with respect to predictions, expectations,

beliefs, plans, projections, o bjectives, assumptions or future events or performance (often, but not always, using

words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate",

"plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might",

“have potential” or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward -

looking statements." Forward -looking statements are subject to a variety of ri sks and uncertainties that could

cause actual events or results to differ from those reflected in the forward-looking statements.

Please consult the section titled "Risk Factors" in Alamos' Annual Information Form and other disclosures of "Risk

Factors" b y Alamos, available on SEDAR and EDGAR. There can be no assurance that such statements will

prove to be accurate as actual results and future events could differ materially from those anticipated in such

statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release. No stock

exchange, securities commission or other regulatory authority has approved or disapproved the information contained

herein.