Alamos Gold Inc.

Alamos Gold Inc.

February 22, 2010 16:03 ET

Alamos Gold Inc. Appoints Mr. Paul J. Murphy to Its Board of Directors

TORONTO, ONTARIO--(Marketwire - Feb. 22, 2010) - Alamos Gold Inc. (TSX:AGI) ("Alamos" or the "Company") is pleased to announce the appointment of Paul J. Murphy to the Board of Directors of the Company. In addition to his responsibilities as an independent director, Mr. Murphy will serve as the Chairperson of Alamos' Audit Committee.

Mr. Murphy is a Partner of PricewaterhouseCoopers LLP, and is the National Mining Leader in Canada as well as leader for the Western Hemisphere Centre of Excellence. Throughout his career, Mr. Murphy has worked primarily in the resource sector and his clients have included major international oil & gas and mining companies. Mr. Murphy's professional experience includes financial reporting controls, operational effectiveness, International Financial Reporting Standards and SEC reporting issues, financing, valuation, and taxation as they pertain to the mining sector. Mr. Murphy has a Bachelor of Commerce degree from Queen's University and has been qualified as a Chartered Accountant since 1975.

"On behalf of the Board of Directors and management, I am delighted that that Paul has accepted this appointment to Alamos' Board. He is a recognized leader in accounting practices for the mining industry and his appointment is a reflection of the Company's commitment to effective corporate governance practices," stated John A. McCluskey, Alamos' President and Chief Executive Officer.

In conjunction with this appointment, Mr. Murphy has been granted stock options under Alamos' Stock Option Plan to purchase up to a total of 200,000 common shares in the capital of the Company at a price of $13.04 per share. The options have a term of five years and are subject to certain vesting provisions.

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 over 450 people in Mexico 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 US$148 million cash on hand, is debt-free, and unhedged to the price of gold. Alamos' common shares are traded on the Toronto Stock Exchange under the symbol "AGI".

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

Contact Information

  • Alamos Gold Inc.
    John A. McCluskey
    President and Chief Executive Officer
    (416) 368-9932
    Alamos Gold Inc.
    Jeremy Link
    Manager, Investor Relations
    (416) 368-9932