Alamos Gold Inc. Renews Normal Course Issuer Bid

Alamos Gold Inc. (TSX: AGI) has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 5% of its outstanding common shares. The renewed NCIB reflects the company's confidence in its financial position and the value of its shares. The company believes that the current market price of its shares does not reflect their intrinsic value, and the NCIB enables it to acquire shares at a discount to the market price.

The renewed NCIB allows Alamos Gold to purchase up to 10,750,000 common shares, representing approximately 5% of the outstanding shares. The company may also increase the number of shares it can purchase under the NCIB if certain conditions are met. The renewed NCIB will expire on December 31, 2023, unless extended or terminated by the company.

Alamos Gold's Board of Directors believes that the renewed NCIB is in the best interests of the company and its shareholders. The company's strong financial position and the undervalued nature of its shares make the NCIB an attractive opportunity to acquire shares at a discount. The company's management team is confident in its ability to execute on its growth strategy and deliver value to shareholders.

The renewed NCIB is subject to certain conditions, including the approval of the Toronto Stock Exchange and the satisfaction of applicable regulatory requirements. The company will provide further details on the NCIB in its upcoming filings with securities regulators.

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