Alamos Gold (AGI) Renmark Virtual Non-Deal Roadshow summary

Gold market and industry outlook

• Gold prices reached record highs in Q2 and Q3, with current prices above $2,600/oz, supporting a favorable environment for gold equities.

• Gold equities have lagged the gold price, presenting attractive opportunities in the sector.

Growth strategy and production outlook

• Production increased from 500,000 to 600,000 ounces per year with the Magino acquisition, with a path to over 900,000 ounces by 2028 and potential for 1 million ounces annually.

• Growth is driven by low-cost projects in Canada, with all-in sustaining costs expected to decline from $1,275/oz to below $1,100/oz by 2028.

• Expansion projects include Island Gold Phase 3, PDA at Mulatos, and Lynn Lake, all with significant exploration upside.

Asset quality and operational performance

• Core assets Young-Davidson and Island Gold/Magino have an average 18-year mine life, with strong exploration potential.

• Consistent outperformance since 2022, with share price up over 150%, outpacing gold, gold ETFs, and the S&P 500.

• High-grade ounces discovered at low cost, supporting asset value growth and operational expansions.