Alamos and AuRico Metals Announce Completion of Merger

Toronto (ots/PRNewswire) -

Alamos Gold Inc. ("Alamos") and AuRico Metals Inc. ("AuRico
Metals") are pleased to announce the completion of the previously
announced arrangement ("Arrangement") involving Alamos Gold Inc. (a
predecessor to Alamos) ("Former Alamos") and AuRico Gold Inc. (a
predecessor to Alamos) ("Former AuRico") . Pursuant to the
Arrangement, Former Alamos and Former AuRico amalgamated to form
Alamos, and certain assets of Former AuRico, including the Kemess
project, certain royalties and cash, were transferred to AuRico
Metals. Approximately 95.1% of the common shares of AuRico Metals
("AuRico Metals Shares") were distributed to Former Alamos and Former
AuRico shareholders. Following completion of the Arrangement, Alamos
holds an equity interest of approximately 4.9% in AuRico Metals.

Under the terms of the Arrangement, each Former Alamos share held
was ultimately exchanged for 1 Class A common share of Alamos ("Class
A Shares"), US$0.0001 in cash, and 0.4397 AuRico Metals Shares, and
each Former AuRico share held was ultimately exchanged for 0.5046
Class A Shares and 0.2219 AuRico Metals Shares. Upon closing, Alamos
has approximately 255,505,000 Class A Shares outstanding with Former
Alamos and Former AuRico shareholders each owning approximately 50%
and AuRico Metals has approximately 118,120,000 shares outstanding
with Former Alamos and Former AuRico shareholders each owning
approximately 50% of the shares not held by Alamos.

It is anticipated that Alamos will commence trading on the Toronto
Stock Exchange ("TSX") and New York Stock Exchange ("NYSE") under the
symbol "AGI" and AuRico Metals will commence trading on the TSX under
the symbol "AMI" on July 6, 2015. Former Alamos and Former AuRico
shares will be delisted from the TSX and NYSE that same day.

"The completion of the merger has transformed Alamos into a
leading intermediate producer. With diversified gold production from
three North American mines, a portfolio of low-cost development
projects in safe jurisdictions, and one of the strongest balance
sheets of our peer group, we look forward to creating significant
long term value for our shareholders" said John A. McCluskey,
President and Chief Executive Officer of Alamos.

"We are very happy to bring the transformative Alamos-AuRico
merger to fruition as we believe the new company will be a stand-out
performer in the intermediate gold producer space. Completion of the
merger also marks the inception of a new company, AuRico Metals,
formed around a portfolio of high quality producing gold royalties
and the advanced Kemess project. We are very excited to get behind
this new vehicle as we strive to deliver sustained value creation for
our shareholders," added Scott Perry, Executive Chairman of AuRico
Metals.

Termination of Dividend Reinvestment and Share Purchase Plan

In connection with the completion of the Arrangement, the boards
of directors of Former Alamos and Former AuRico approved the
termination of the existing dividend reinvestment and share purchase
plans of Former Alamos and Former AuRico, respectively. Upon
termination of these plans, all whole shares of Former Alamos and
Former AuRico held on behalf of participants under the plans were
exchanged for Class A Shares, cash and AuRico Metals Shares in
accordance with the Arrangement and as described above. All
entitlements to fractional shares of Former Alamos or Former AuRico
under these plans will be paid to plan participants as cash in
accordance with the terms of the plans.

Participants seeking further information with respect to their
entitlements under the Former Alamos and Former AuRico dividend
reinvestment and share purchase plan may contact the plan agent,
Computershare Trust Company of Canada. Alamos expects to announce the
implementation of a new dividend reinvestment plan in the near
future.

Amendment and Restatement of Shareholder Rights Plan

The board of directors of Alamos has approved the amendment and
restatement of the amended and restated shareholders rights plan
agreement dated May 13, 2013 between Former AuRico and Computershare
Investor Services Inc. ("Rights Plan"). The amendment and restatement
of the Rights Plan does not require shareholder approval in
accordance with its terms, and was intended to reflect clerical
changes resulting from the amalgamation of Former AuRico and Former
Alamos pursuant to the Arrangement. A copy of the amended and
restated Rights Plan will be posted on SEDAR.

Audit Committee

In connection with the completion of the Arrangement, the board of
directors of Alamos appointed an audit committee composed of four
directors, Paul Murphy (Chair), David Fleck, Ronald Smith and Patrick
Downey, each of whom is independent within the meaning of the rules
and guidelines of the TSX and the NYSE and the applicable securities
regulatory authorities.

Appointment of Auditors

Additionally, KPMG LLP has been appointed as Alamos' auditors
going forward.

About Alamos

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, Alamos has a significant portfolio of exploration
through advanced development stage projects in Mexico, Turkey, Canada
and the United States. Alamos employs more than 1,300 people and is
committed to the highest standards of sustainable development.

About AuRico Metals

AuRico Metals is a mining royalty and development company whose
cornerstone assets include a 1.5% NSR on the Young-Davidson Gold
Mine, located in Ontario, Canada, a 2% NSR on the Fosterville Mine,
located in Victoria, Australia, and 100% ownership of the advanced
Kemess Project in British Columbia, Canada. AuRico Metals' goal is to
deliver sustained value creation for the company's many stakeholders.
AuRico Metals' head office is located in Toronto, Ontario, Canada.

The TSX and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release. No stock
exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.

Cautionary Statement

No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information contained
herein. This News Release includes certain "forward-looking
statements". All statements other than statements of historical fact
included in this release are forward-looking statements that involve
various risks and uncertainties. These forward-looking statements are
based on forecasts of future operational or financial results,
estimates of amounts not yet determinable and reasonable assumptions
of management. Although Alamos and AuRico Metals have attempted to
identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.

Please visit the Alamos website at http://www.alamosgold.com or
contact: Scott Parsons, Vice President, Investor Relations, Alamos
Gold Inc., +1-416-368-9932 x439, sparsons@alamosgold.com; AuRico
Metals Inc.: Chris Richter, President and Chief Executive Officer,
AuRico Metals Inc., +1-416-216-2780, chris.richter@auricometals.ca

ots Originaltext: AuRico Metals Inc.
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