TORONTO, ONTARIO–(Marketwired
– June 2, 2014) –
Alamos
Gold Inc. (TSX:AGI)(NYSE:AGI) (the “Company” or
“Alamos”) wishes to announce that Paul Murphy has
been appointed as non-executive Chairman of the Board of Directors of the
Company. Mr. Murphy is a current Director of the Company and replaces Mark
Wayne, who tendered his resignation effective as of May 28, 2014,
the date of the Company’s Annual General Meeting.

In announcing Mr. Murphy’s
appointment, John McCluskey, Alamos President and CEO, noted:
“Paul’s extensive knowledge of the resources industry, finance and listed
company governance makes him exceptionally well qualified to lead the Alamos
Board in helping to deliver long-term, sustainable returns for the Company’s
shareholders.”

Mr. Murphy has been a
Director of Alamos and the Company’s Audit Committee Chair since 2010. Mr.
Murphy was a Partner and National Mining Leader of PricewaterhouseCoopers
LLP from 2004 to April 2010 and Partner of PricewaterhouseCoopers
LLP since 1981. Throughout his career, Mr. Murphy has worked primarily in
the resource sector, including work with several major international mining and
oil and gas companies. Mr. Murphy obtained a Bachelor of Commerce degree from
Queen’s University, and obtained his Chartered Accountant designation in 1975.

Mr. Murphy succeeds Mark
Wayne in the role of Chairman of Alamos. Mr. Wayne was one of the
longest-serving directors of the Company and played an instrumental role in
providing leadership and vision to Alamos during a critical period in the
Company’s history as it first transitioned to the world-class intermediate gold
producer that it is today. The Alamos Board wishes to thank Mr. Wayne for his
invaluable contributions and wishes him the best in his future endeavors.

About Alamos

Alamos is an established
Canadian-based gold producer that owns and operates the Mulatos Mine
in Mexico, and has
exploration and development activities in Mexico,
Turkey and the
United States. The Company employs more than 550 people and is
committed to the highest standards of sustainable development. Alamos has
approximately $400 million in cash and cash equivalents, is
debt-free, and unhedged to the price of gold. As of May 27, 2014,
Alamos had 127,357,488 common shares outstanding (139,110,887 shares fully
diluted), which are traded on the TSX and NYSE under the symbol
“AGI”.

The TSX and NYSE
have not reviewed and do not accept responsibility for the adequacy or accuracy
of this release.

Contact Information:
Alamos Gold Inc.
Scott K. Parsons Director, Investor Relations
(416) 368-9932 x 439