TORONTO, ONTARIO–(Marketwire – March 14, 2011) – Alamos Gold Inc. (TSX:AGI) (“Alamos” or the “Company”) is pleased to announce that the Company’s Board of Directors has authorized an increase to its semi-annual dividend to $0.05 per common share.

Semi-Annual Dividend

As part of the Company’s long-term strategy to maximize shareholder value, the Board of Directors has declared a semi-annual dividend of $0.05 per common share. This represents a 43% increase from the Company’s last semi-annual dividend of $0.035 per common share declared in October 2010. The dividend is payable on May 2, 2011 to shareholders of record as of the close of business on April 15, 2011.

This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.