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Leading Independent Proxy Advisory Firms Recommend Alamos and Richmont Shareholders Vote in Favour of Proposed Plan of Arrangement

Mergers & Acquisitions Shareholder Meetings

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Leading Independent Proxy Advisory Firms Recommend Alamos and Richmont

Shareholders Vote in Favour of Proposed Plan of Arrangement

TORONTO, ONTARIO (November 6, 2 017) - Alamos Gold Inc. (“Alamos ”) (TSX:AGI; NYSE:AGI) and Richmont

Mines Inc. ("Richmont") (TSX:RIC; NYSE:RIC) today anno unced that Institutional Shareholder Services Inc.

(“ISS”) and Glass, Lewis & Co., LLC (“Glass Lewis”), two leading proxy advisory firms, have recommended that

both Alamos and Richmont shareholders vote FOR the plan of arrangement (the “Transaction”) whereby Alamos

will acquire all of the issued and outsta nding shares of Richmont, at their spec ial meetings of shareholders to be

held on November 16, 2017.

ISS and Glass Lewis cited the sound strategic and financial rationale in recommending Alamos and Richmont

shareholders vote in favour of the Transaction.

Attention Alamos and Richmont Shareholders

Richmont and Alamos shareholders are reminded to vote their proxy before 10:00 a. m. and 10:30 a.m. (Eastern

time), respectively, on Tuesday, November 14, 2017. Al amos and Richmont’s Board of Directors unanimously

recommend that their shareholders vote IN FAVOUR of the proposed Transaction.

For more information and assistance in voting your proxy, please contact Laurel Hill Advisory Group, at:

 North America toll-free: 1-877-452-7184

 Local and international: 416-304-0211

 Email: [email protected]

About Alamos Gold Inc.

Alamos is a Canadian-based intermediate gold producer wi th 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, t he 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 deve lopment. 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-effe ctively build its Canadian re serve 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 t he 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 st atements other than statement s of historical fact

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

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

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

beliefs, plans, projections, objectives, assumptions or fu ture 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 st ating that certain actions, events or re sults "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 st atements are subject to a variety of risks 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" by Alamos, available on SEDAR and EDGAR. Th ere can be no assurance that such statements will

prove to be accurate as actual results and future event s 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 di sapproved the info rmation contained

herein.