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Alamos Gold Announces the Sale of its Turkish Development Projects for Total Cash Consideration of $470 million

All amounts are in United States dollars, unless otherwise stated.

TORONTO, Sept. 14, 2025 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI), (TSX:AGI; NYSE:AGI) (together with its direct and indirect subsidiaries, "Alamos" or the "Company") today announced that its wholly owned Netherlands subsidiaries, Alamos Gold Holdings Coöperatief U.A. and Alamos Gold Holdings B.V. (the "Netherlands Subsidiaries"), have entered into a definitive agreement to sell Doğu Biga Madencilik Sanayi ve Tic. A.Ş., their wholly owned Turkish subsidiary, which owns the Kirazlı, Ağı Dağı and Çamyurt projects located in northwestern Türkiye, to Tümad Madencilik Sanayi ve Ticaret A.Ş ("Tümad"), a mining company operating in the Republic of Türkiye, for total cash consideration of $470 million (the "Purchase Price") (the "Transaction"). The Purchase Price is payable by Tümad to Alamos as follows:

$160 million payable upon closing of the Transaction;

$160 million payable on the one-year anniversary of the closing of the Transaction ("Second Installment"); and

$150 million payable on the two-year anniversary of the closing of the Transaction ("Third Installment").

Each of the Second and Third Installment payments is secured by a bank guarantee provided by international financial institutions with investment grade ratings, ensuring total guaranteed proceeds to Alamos of $470 million within two years of closing of the Transaction.

"This transaction marks a positive outcome, allowing us to crystalize significant value for our Turkish assets, and utilize the proceeds to support the development of our portfolio of other high-return growth projects. These projects are all located in North America, they are all lower cost, and they underpin one of the strongest growth profiles in our sector," said John A. McCluskey, President and Chief Executive Officer of Alamos.

In addition to supporting the development of its pipeline of growth projects, including the Phase 3+ Expansion within the ...