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

Toronto (OTS) - Alamos Gold Inc. ("Alamos") (TSX: AGI) (NYSE: AGI) and Richmont Mines Inc. ("Richmont") (TSX: RIC) (NYSE: RIC) today announced 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 outstanding shares of Richmont, at their special 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. Alamos and Richmont's Board of Directors unanimously recommend that their shareholders vote IN FAVOUR of the proposed Transaction.

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

About Alamos Gold Inc.

Alamos is a Canadian-based intermediate gold producer with 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, the 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 development. 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-effectively build
its Canadian reserve base and to enter its next phase of growth. The Corporation's shares are traded on the TSX and NYSE under the symbol "RIC".

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