February 27, 2012 at 06:00 AM EST
Alamos Gold Reports 4.98 g/t of Gold Over 50 Metres at El Victor North

TORONTO, ONTARIO -- (Marketwire) -- 02/27/12 -- (All amounts are expressed in United States dollars, unless stated otherwise)

Alamos Gold Inc. (TSX: AGI) ("Alamos" or the "Company") reports new impressive drill results from its El Victor North exploration program.

El Victor North area is an exploration target contiguous with and north of the current El Victor portion of the Mulatos pit. The El Victor North area and the northern planned pit wall were not drilled during the definition drilling of the El Victor reserve due to a surface access conflict. Access to El Victor North was granted in July 2011 after a twelve-year hiatus.

A total of 16,200 metres in 124 holes were drilled at El Victor and El Victor North in 2011, an additional 24 drill holes have been completed to date in 2012, and drilling is ongoing. Mineralization at El Victor North is the northwestern extension of El Victor reserve mineralization and is hosted by silica alteration identical to the El Victor deposit. The El Victor North area has over 300m of strike length, is up to 100m wide, remains open to the north, and has the potential to expand reserves along the northern boundary of the Escondida to El Victor trend. The top of the zone is located approximately 36m to 56m below surface. Recent drill results have indicated the potential to extend the El Victor pit north and west of the current pit design outline.

New, previously unreleased, results from 2011 and 2012 are highlighted below and continue to demonstrate the potential of this zone:


--  1.71 g/t Au over 44.2 metres (11EV150)
--  4.98 g/t Au over 50.3 metres (12EV173)
--  2.61 g/t Au over 44.2 metres (12EV176)
--  1.59 g/t Au over 45.7 metres (12EV182)
--  1.98 g/t Au over 54.6 metres (11VT037)

The Company recently reported highlights from the 2011 El Victor North drill campaign as follows:


--  2.40 g/t Au over 59.5 metres (11EV119)
--  4.72 g/t Au over 45.7 metres (11EV120)
--  1.78 g/t Au over 29.0 metres (11EV124)
--  1.53 g/t Au over 53.4 metres (11EV126)
--  2.58 g/t Au over 59.5 metres (11EV132)
--  4.27 g/t Au over 16.8 metres (11EV134)

Please refer to Figure 1 for a map of the Mulatos mine area, Figure 2 for the El Victor and El Victor North highlighted drill intercepts, and Figure 3 for all drill hole locations from recent drilling. Relevant assay results from the recent drilling at El Victor and El Victor North are presented in tables 1 and 2, for reverse circulation ("RC") and core drilling, respectively, at the end of this press release.

QA/QC Programs

Mulatos exploration programs are conducted under the supervision of Ken Balleweg, B.Sc. Geological Engineering, M.Sc. Geology, Registered Professional Geologist, Alamos' Mexico Exploration Manager. Mr. Balleweg is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators. Strict sampling and QA/QC protocol are followed, including the insertion of standards, blanks, and duplicates on a regular basis. Sample intervals are usually 0.5 to 1.5 m. Mulatos samples are sent to ALS Chemex Inc. in Hermosillo, Mexico for sample preparation and then to Vancouver, British Columbia, Canada for analysis. Analytical method is fire assay with atomic adsorption finish and gravimetric finish for individual samples with a gold concentration greater than 5.0 g/t Au. Composites presented in the assay results tables include intervals at greater than 0.35 g/t over a 3-m minimum width with no assays cut, unless indicated.

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 and Turkey. The Company employs nearly 500 people in Mexico and Turkey and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Alamos has over $240 million cash and short-term investments, is debt-free, and unhedged to the price of gold. As of February 21, 2012, Alamos had 119,114,006 common shares outstanding (124,788,706 shares fully diluted), which are traded on the Toronto Stock Exchange under the symbol "AGI".

Cautionary Note

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, including without limitation statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and reserves, exploration results, and future plans and objectives of Alamos, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.

Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource which is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements.

There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Alamos' expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in Alamos' Annual Information Form. Although Alamos has 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.

To view "Figure 1: Mulatos mine area", please visit the following link: http://media3.marketwire.com/docs/alamos_figure1227.pdf.

To view "Figure 2: El Victor and El Victor North highlighted drill intercepts", please visit the following link: http://media3.marketwire.com/docs/alamos_figure2227.pdf.

To view "Figure 3: El Victor and El Victor North drill hole locations from recent drilling", please visit the following link: http://media3.marketwire.com/docs/alamos_figure3227.pdf.


    Table 1: El Victor - Select Composite Intervals - Reverse Circulation
                                 Drilling(1)
Include intervals at greater than 0.35 g/t Au over a 3 metres minimum width,
                                no assay cut

----------------------------------------------------------------------------
                                   TOTAL
DRILL                  DRILLING    DEPTH        FROM      TO    INT.    GOLD
HOLE                     METHOD      (m)         (m)     (m)     (m)   (g/t)
----------------------------------------------------------------------------
11EV112                      RC    91.46        0.00   21.34   21.34   0.821
----------------------------------------------------------------------------
11EV113                                           No
                             RC   157.01   Intervals
----------------------------------------------------------------------------
                                               36.59   41.16    4.57   0.410
11EV114                      RC   178.35      121.95  125.00    3.05   0.470
                                              132.62  135.67    3.05   0.547
                                              138.72  163.11   24.39   0.645
----------------------------------------------------------------------------
                                               73.17   83.84   10.67   0.564
                                               89.94  106.71   16.77   0.575
11EV115                      RC   175.30      115.85  118.90    3.05   0.804
                                              135.67  146.34   10.67   0.856
                                              149.39  152.44    3.05   0.646
----------------------------------------------------------------------------
11EV116                      RC    91.46        4.57   10.67    6.10   0.539
                                               21.34   27.44    6.10   0.542
----------------------------------------------------------------------------
11EV117                      RC    60.98        0.00   36.59   36.59   1.694
----------------------------------------------------------------------------
                                                0.00   59.45   59.45   2.400
11EV119                      RC    71.65   Inc.30.49   33.54    3.05  10.075
                                           Inc.53.35   54.88    1.53    5.42
                                               68.60   71.65    3.05   1.376
----------------------------------------------------------------------------
                                               25.91   32.01    6.10   0.857
11EV120                      RC   182.93       57.93  106.71   48.78   1.341
                                              128.05  173.78   45.73   4.717
                                          Inc.132.62  144.82   12.20  13.556
----------------------------------------------------------------------------
                                               12.20   18.29    6.09   0.991
11EV121                      RC   138.72       22.87   30.49    7.62   0.627
                                               35.06  100.61   65.55   0.643
----------------------------------------------------------------------------
                                                9.15   13.72    4.57   0.687
                                               24.39   28.96    4.57   0.569
                                               38.11   42.68    4.57   0.579
11EV122                      RC   121.95       47.26   51.83    4.57   0.474
                                               56.45   65.55    9.15   0.594
                                               76.22   89.94   13.72   0.579
                                              106.71  118.90   12.19   1.414
----------------------------------------------------------------------------
                                                9.15   13.72    4.57   0.342
11EV123                      RC    28.96       19.82   22.87    3.05   4.451
                                           Inc.21.34   22.87    1.53    8.46
                                               25.91   28.96    3.05   2.432
----------------------------------------------------------------------------
11EV124                      RC    96.04       21.34   50.30   28.96   1.781
                                           Inc.41.16   42.68    1.52    8.91
----------------------------------------------------------------------------
11EV125                      RC    91.46        0.00    3.05    3.05    1.70
                                                6.10   12.20    6.10   0.483
----------------------------------------------------------------------------
                                               15.24   18.29    3.05   0.624
11EV126                      RC    91.46       22.87   76.22   53.35   1.533
                                           Inc.24.39   25.91    1.52   24.40
----------------------------------------------------------------------------
                                                0.00    7.62    7.62   1.205
11EV127                      RC    91.46       33.54   41.16    7.62   1.069
                                               45.73   68.60   22.87   0.520
----------------------------------------------------------------------------
11EV128                      RC    91.46       30.49   42.68   12.19   0.524
----------------------------------------------------------------------------
11EV129                      RC    91.46        0.00   10.67   10.67   1.002
                                               13.72   56.40   42.68   1.005
----------------------------------------------------------------------------
                                                0.00   10.67   10.67   1.212
11EV130                      RC   106.71       68.60   73.17    4.57   0.511
                                               86.89   89.94    3.05   0.818
----------------------------------------------------------------------------
                                               35.06   42.68    7.62   0.395
11EV131                      RC   121.95       47.26   71.65   24.39   1.054
                                               74.70  105.18   30.48   1.242
----------------------------------------------------------------------------
                                                0.00    4.57    4.57   1.553
                                                7.62   15.24    7.62   0.996
11EV132                      RC   121.95       24.39   83.84   59.45   2.576
                                           Inc.39.63   42.68    3.05   23.95
                                           Inc.57.93   59.45    1.52    7.53
----------------------------------------------------------------------------
11EV133                      RC    91.46       25.91   85.37   59.46   1.391
----------------------------------------------------------------------------
                                                0.00   16.77   16.77   4.267
                                            Inc.6.10   12.20    6.10    8.87
11EV134                      RC   102.13       21.34   25.91    4.57   1.025
                                               60.98   70.12    9.14   0.477
                                               80.79   83.84    3.05   0.415
----------------------------------------------------------------------------
11EV135                      RC    22.87       12.20   22.87   10.67   1.072
----------------------------------------------------------------------------
                                                3.05    6.10    3.05   2.623
                                               18.29   24.39    6.10   0.960
11EV136                      RC   141.77       30.49   60.98   30.49   0.967
                                               64.02   76.22   12.20   0.659
                                               83.84   94.51   10.67   0.611
                                               97.56  129.57   32.01   1.537
----------------------------------------------------------------------------
11EV137                      RC    30.49        0.00   30.49   30.49   1.259
----------------------------------------------------------------------------
11EV138                      RC   152.44        0.00   32.01   32.01   1.184
                                            Inc.1.52    4.57    3.05   5.100
----------------------------------------------------------------------------
                                               48.78   65.55   16.77   0.648
11EV139                      RC   144.82       73.17   77.74    4.57   0.578
                                               80.79  112.80   32.01   1.247
----------------------------------------------------------------------------
                                                0.00    9.15    9.15   3.249
                                            Inc.1.52    3.05    1.53    9.15
11EV140                      RC   193.60       19.82   27.44    7.62   0.537
                                               33.54   42.68    9.14   0.473
                                              123.48  128.05    4.57   0.442
                                              137.20  141.77    4.57   1.124
11EV141                      RC   121.95       12.20   15.24    3.04   0.807
                                               67.07   76.22    9.15   0.640
----------------------------------------------------------------------------
11EV142                      RC   152.44        0.00   28.96   28.96   0.880
                                               38.11   41.16    3.05   0.497
----------------------------------------------------------------------------
11EV143                      RC   121.95       44.21   50.30    6.09   0.446
----------------------------------------------------------------------------
11EV144                      RC   167.68        1.52    4.57    3.05   0.449
                                               10.67   44.21   33.54   0.690
----------------------------------------------------------------------------
                                                1.52    4.57    3.05   0.529
                                                7.62   15.24    7.62   0.585
11EV145                      RC   111.28       22.87   25.91    3.04   0.457
                                               32.01   42.68   10.67   0.863
                                               60.98   64.02    3.04   0.490
                                               73.17   76.22    3.05   0.639
----------------------------------------------------------------------------
11EV146                      RC    96.04       12.20   24.39   12.19   0.492
----------------------------------------------------------------------------
                                               30.49   36.59    6.10   0.871
                                               41.16   57.93   16.77   0.965
                                               64.02   83.84   19.82   0.936
----------------------------------------------------------------------------
                                                4.57    9.15    4.58   0.460
11EV147                      RC   152.44       18.29   33.54   15.25   0.598
                                               36.59   39.63    3.04   0.459
----------------------------------------------------------------------------
11EV148                      RC    28.96        4.57    9.15    4.58   2.633
                                            Inc.4.57    6.10    1.53   7.320
----------------------------------------------------------------------------
                                               35.06   41.16    6.10   0.519
                                               44.21   67.07   22.86   1.011
                                               77.74   80.79    3.05   0.363
11EV149                      RC   182.93       85.37   96.04   10.67   0.416
                                               99.09  102.13    3.04   0.477
                                              132.62  135.67    3.05   0.464
                                              140.24  144.82    4.58   0.417
                                              147.87  176.83   28.96   1.200
----------------------------------------------------------------------------
11EV150                      RC   138.72       70.12  114.33   44.21   1.707
----------------------------------------------------------------------------
                                               36.59   39.63    3.04   0.481
11EV151                      RC   169.21       44.21   51.83    7.62   0.465
                                               67.07   99.09   32.02   0.776
                                              112.80  137.20   24.40   0.588
----------------------------------------------------------------------------
                                               33.54   38.11    4.57   0.503
11EV152                      RC   199.70       76.22   96.04   19.82   0.859
                                               99.09  106.71    7.62   0.449
                                              137.20  150.91   13.71   0.466
----------------------------------------------------------------------------
11EV153                      RC   137.20       77.74   80.79    3.05   0.611
                                               99.09  105.18    6.09   0.706
----------------------------------------------------------------------------
                                               36.59   74.70   38.11   0.810
                                               79.27   82.32    3.05   0.895
11EV154                      RC   190.55       99.09  106.71    7.62   0.498
                                              121.95  128.05    6.10   0.431
                                              134.15  146.34   12.19   0.647
----------------------------------------------------------------------------
11EV155                      RC   187.50      167.68  181.40   13.72   0.449
                                              184.45  187.50    3.05   0.393
                                               86.89   91.46    4.57   0.553
11EV156                      RC   138.72       94.51  108.23   13.72   0.744
                                              117.38  126.52    9.14   0.759
11EV157                      RC   152.44       47.26   50.30    3.04   0.425
                                               67.07   77.74   10.67   0.696
----------------------------------------------------------------------------
11EV160                      RC   152.44      129.57  138.72    9.15   0.817
----------------------------------------------------------------------------
                                               36.59   45.73    9.14   0.588
11EV161                      RC   169.21       92.99  118.90   25.91   0.861
                                              135.67  137.20    1.53    3.49
                                              149.39  167.68   18.29   0.853
----------------------------------------------------------------------------
12EV162                      RC   123.48       13.72   27.44   13.72   0.850
                                               54.88   59.45    4.57   0.565
                                               64.02   71.65    7.63   1.834
12EV163                      RC   172.26   Inc.67.07   68.60    1.53    6.82
                                               74.70  103.66   28.96   0.910
                                              118.90  121.95    3.05   0.765
                                              152.44  158.54    6.10   0.593
----------------------------------------------------------------------------
12EV164                      RC   121.95       15.24   22.87    7.63   0.879
----------------------------------------------------------------------------
                                               82.32   96.04   13.72   0.861
12EV165                      RC   172.26      125.00  129.57    4.57   1.258
                                              149.39  170.73   21.34   0.986
----------------------------------------------------------------------------
                                               15.24   19.82    4.58   0.479
12EV166                      RC   135.67       22.87   25.91    3.04   0.643
                                               82.32   86.89    4.57   1.402
----------------------------------------------------------------------------
12EV167                      RC   135.67       16.77   28.96   12.19   0.426
                                               67.07   77.74   10.67   0.599
----------------------------------------------------------------------------
12EV168                      RC   106.71       67.07   70.12    3.05   0.468
----------------------------------------------------------------------------
                                               10.67   15.24    4.57   0.442
12EV169                      RC   175.30       18.29   44.21   25.92   0.607
                                               59.45   65.55    6.10   1.240
                                               74.70   86.89   12.19   0.377
----------------------------------------------------------------------------
                                               16.77   18.29    1.52   10.65
                                               45.73   51.83     6.1   0.392
                                               70.12  120.43   50.31   4.982
12EV173                      RC   144.82   Inc.82.32   83.84    1.52    8.19
                                           Inc.91.46   92.99    1.53    28.8
                                           Inc.96.04   97.56    1.52    32.9
                                          Inc.111.28  114.33    3.05  27.405
                                              132.62  143.29   10.67   0.466
----------------------------------------------------------------------------
                                               19.82   25.91    6.09   1.369
12EV174                      RC   126.52       45.73   48.78    3.05   0.377
                                               60.98   77.74   16.76   0.570
----------------------------------------------------------------------------
12EV175                      RC   102.13       45.73   50.30    4.57   0.459
----------------------------------------------------------------------------
                                               10.67   16.77    6.10   0.588
                                               83.84   92.99    9.15   0.501
12EV176                      RC   199.70       97.56  106.71    9.15   0.499
                                              115.85  123.48    7.63   0.692
                                              134.15  178.35   44.20   2.606
                                          Inc.146.34  158.54   12.20   5.878
----------------------------------------------------------------------------
12EV177                      RC   102.13       62.50   71.65    9.15   0.545
----------------------------------------------------------------------------
                                               33.54   38.11    4.57   0.387
                                               47.26   56.40    9.14   0.718
12EV178                      RC   175.30       70.12   77.74    7.62   0.964
                                              112.80  117.38    4.58   0.517
                                              121.95  137.20   15.25   1.065
                                              161.59  169.21    7.62   0.904
----------------------------------------------------------------------------
12EV179                      RC   117.38       18.29   22.87    4.58   0.440
----------------------------------------------------------------------------
12EV180                      RC   150.91       94.51  111.28   16.77   1.315
                                              125.00  138.72   13.72   2.418
----------------------------------------------------------------------------
12EV181                                           No
                             RC   135.67   Intervals
----------------------------------------------------------------------------
                                               56.40   67.07   10.67   1.403
                                               85.37  131.10   45.73   1.587
12EV182                      RC   213.41      135.67  138.72    3.05   0.496
                                              155.49  190.55   35.06   1.855
                                              195.12  210.37   15.25   0.510
----------------------------------------------------------------------------
12EV183                      RC   152.44       83.84  105.18   21.34   0.699
----------------------------------------------------------------------------
                                               33.54   38.11    4.57   0.528
12EV185                      RC   182.93       41.16   47.26     6.1   0.385
                                               54.88   91.46   36.58   0.783
----------------------------------------------------------------------------

(1) Due to the exploratory nature of this program and the variable
    orientations of the mineralized zones, the intersections presented
    herein may not necessarily represent the true width of mineralization
(2) RC = Reverse Circulation Hole
(3) Number in bold represent intervals greater than 35 metres(i)grams/tonne
    (35gmt)

     Table 2: El Victor - Select Composite Intervals - Core Drilling(1)
Include intervals at greater than 0.35 g/t Au over a 3 metres minimum width,
                                no assay cut

----------------------------------------------------------------------------
DRILL                                TOTAL
HOLE                    DRILLING     DEPTH      FROM      TO    INT.    GOLD
(Azimuth/Inclination)     METHOD       (m)       (m)     (m)     (m)   (g/t)
----------------------------------------------------------------------------
11VT037                      DDH     54.55      0.00   54.55   54.55   1.984
----------------------------------------------------------------------------
11VT038                      DDH     27.90      0.00   27.90   27.90   1.150
----------------------------------------------------------------------------
11VT039                      DDH     49.70      1.00   24.04   23.04   1.296
                                               28.54   33.40    4.86   0.446
----------------------------------------------------------------------------
                                                0.00   22.04   22.04   1.180
11VT040                      DDH     53.05     28.30   37.95    9.65   0.447
                                               45.45   48.45    3.00   0.693
----------------------------------------------------------------------------
                                                0.00   17.25   17.25   0.462
11VT041                      DDH     48.95     30.65   35.50    4.85   1.735
                                               44.50   47.05    2.55   0.472
----------------------------------------------------------------------------
11VT042                      DDH     63.35      0.00   63.35   63.35   1.411
----------------------------------------------------------------------------
11VT043                      DDH     33.10      1.50   11.65   10.15   0.837
                                               29.45   31.60    2.15   0.978
----------------------------------------------------------------------------
                                               12.00   20.25    8.25   0.495
                                               34.05   55.80   21.75   0.652
11VT044                      DDH     98.80     58.40   67.70    9.30   0.906
                                               84.85   92.10    7.25   0.481
                                               95.15   98.80    3.65   0.427
----------------------------------------------------------------------------
                                               45.15   54.60    9.45   2.007
11VT045                      DDH     78.40 Inc.50.15   51.60    1.45    5.18
                                               68.05   71.10    3.05   0.360
                                               72.80   78.40    5.60   0.447
----------------------------------------------------------------------------
                                                3.35   11.90    8.55   0.517
                                               30.85   41.80   10.95   2.189
11VT046                      DDH    126.25 Inc.37.05   40.65    3.60   5.658
                                               67.20   82.20   15.00   0.760
                                               85.00   92.35    7.35   1.533
----------------------------------------------------------------------------
                                                8.20   12.70    4.50   0.717
11VT047                      DDH    125.00     24.95   29.45    4.50   1.232
                                               73.75   76.75    3.00   3.330
                                               79.15   89.15   10.00   0.411
----------------------------------------------------------------------------

(1) Due to the exploratory nature of this program and the variable
    orientations of the mineralized zones, the intersections presented
    herein may not necessarily represent the true width of mineralization
(2) DDH = Diamond Drill Hole
(3) Number in bold represent intervals greater than 35 metres(i)grams/tonne
    (35gmt)

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Alamos Gold Inc.
John A. McCluskey
President and Chief Executive Officer
(416) 368-9932

Alamos Gold Inc.
Allan Candelario
Investor Relations
(416) 368-9932 x 406

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