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Disclaimer

All amounts in U.S. dollars unless otherwise stated.


This may include certain forward-looking statements within the
meaning of the United States Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact,
included in this presentation, including without limitation, statements
regarding potential mineralization and reserves exploration, and future
plans and objectives of Alamos Gold Inc., are forward-looking
statements. Important factors that could cause actual results to differ
materially from the Companys expectations are disclosed under the
heading Risk Factors and elsewhere in documents filed from time to
time with the Canadian provincial securities regulators and other
regulatory authorities.

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Working in one of the most prolific belts in
Mexico

Sierra Madre, Mexico


HIGH SULPHIDATION

Sauzal 2.3 Moz Au, 3.9 Moz. Ag


Mulatos 4.1 Moz Au
PRODUCTION
LOW SULPHIDATION

Ocampo 5.8 Moz Au,295 Moz Ag

FEASIBILITY Dolores 3.4 Moz Au, 156 Moz Ag

Palmarejo 1 Moz Au, 136 Moz Ag


EXPLORATION Pinos Altos 2.1 Moz Au, 52 Moz Ag
Monterde 980 Koz Au, 54Moz Ag

Total: 697M oz Ag 19.7M oz Au

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Alamos is Focused on Growth

Expanding production and growing cash flow


Aggressive exploration program to grow reserves
and resources
Operating in a politically stable environment
Unhedged and leveraged to gold
Experienced management and operations team

A Record of Achievement
$800
PRODUCTION $704
$700 $672

$600
Market Capitalization (US$ mm)

$500 CONSTRUCTION
$437

$400
PERMITS
$300 $264

FEASIBILITY
$229

$200

ACQUISITION $99 $90


$100
$28
$7
$0
Jan 01, Jul 01, Jan 01, Jul 01, Jan 01, Jul 01, Jan 01, Jul 01, Present
2003 2003 2004 2004 2005 2005 2006 2006

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Optimizing Production

Mulatos Mine at Glance

Open pit gold mine


10+ year mine life
2M ounces reserves
25,000 tpd carbon plant
17,500 tpd crusher
360,000 sq m leach pad

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Mulatos Overview

Future Expansion
160,000 sq m

Expansion storm
water pond

200,000 sq m 2006

Leach Pad Expansion

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Mulatos Mine Update

Crushing throughput
Feasibility 10,000 tpd
Expansion 15,000 tpd
Over 15,000 tpd in September

Reserve block model reconciliation


Strong correlation between mined benches and reserve blocks
Full benches mined 4% higher than reserve block model

Projected Production

high grade ore


production
200,000 oz E 200,000 oz E

110,000 oz

2006 2007 Next 3 years

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Projected Cash Operating Cost
(Per ounce sold)

$398

$308
$261
$250 E
$220 E

Q4-05 Q1 Q2 Q3 Q4

2006

Cash Flow Forecast for the Year

Forecast Cash Flow

Cash flow from operations (before change in working capital) $ 26,500

Cash flow from operations (after change in working capital) ($.0.17 per share) $ 14,500

Less:
Exploration $ (3,000)
Investment in plant and equipment $ (20,500)

Free cash flow (after investing activities) $ (9,000)


Weighted average number of common shares outstanding 87,500,000
Gold price assumption for Q4 2006 = $ 600.00
A $50 change in gold price changes cash flow by ~$1.6M

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Expanding Reserves

A Producer Focused on Exploration


El Victor

Escondida

El Salto
Estella
Pit

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Resource/Reserve Expansion-Exploration Program
IN PROGRESS

IN PROGRESS

Known areas of high-grade


(+1 opt)
COMPLETED Primary mineralized
COMPLETED structures

COMPLETED

Value Creation from Discovering New Resources


and Reserves - Timeline
Ongoing Exploration
San Carlos

Q2 2007
El Victor
Tunneling in progress
Gap
Escondida
Dec. 2006

Escondida

Nov. 2005
El Salto
525,000 M&I - cut off 0.4 g/t

Estrella Pit 2 million ounces P&P cut off 0.8 g/t

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K3 : 9m @ 12.1 g/t Au
San Carlos High-Grade Zone K67: 4.57m @ 22.4 g/t Au

K67
K3

Y San Carlos Adit

El Victor

Phase I Drilling Recently Completed


at San Carlos
Two surface reverse-circulation
(RC) and one underground rig were
allocated to the project to test both
high-grade and low grade bulk-
mineable mineralization

Thirty-three surface holes (6303


meters) and four underground core
holes (353.3m) have been drilled,
and have delineated an extensive
area of blind silicified breccias

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Regional Exploration

Over 28,000 Hectares of Mineral Claims

PUERTO DEL AIRE Au

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Pipeline of Projects at All Stages

PHASE I PHASE II PHASE III PHASE IV


Grass roots Mineralized Step-out drilling Resource and
Exploration Intercepts of multiple Reserve
intercepts definition

PELON JASPE WEST BAJIOS ESCONDIDA


CARROCITO HALCON REALITO EL VICTOR
YAQUI SAN CARLOS GAP

$2.4 M District Exploration $4.1 M Resource


Budget Expansion Budget

Regional Exploration
El Realito Jaspe
La Dura
Jaspe drilling is in
Bajios
progress with twenty
holes (2570m) completed
Two surface RC rigs
(Jaspe, Bajios), and one
surface core rig (Bajios)

Cerro Pelon

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Providing Social and Economic Support

94% of employees are Mexican nationals


Medical services and support to
educational programs are provided
Impact on Sonora and Mexico
Direct employment 352
Indirect employment 3:1 1,056
Annual payroll US$6,000,000
(including benefits and taxes)

Share Structure (September 12)

Shares Outstanding
95,530,513

Options
5,176,900

Market capitalization
On a fully diluted basis Closing Price C$8.79- September 12
C$848,313,287

Convertible Debentures
1,496,000

52-week high/low
C$12 C$4.03

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