ALAMOS GOLD INC. 
By ALAMOS GOLD INC.
130 Adelaide Street West, Suite 2200
Toronto, Ontario M5H 3P5
Telephone: (416) 368-9932 or 1 (866) 788-8801
All amounts are in United States dollars, unless stated otherwise.
F O R I M M E D I A T E R E L E A S E
January 14, 2013
Alamos Announces 40% Premium Takeover Offer for Aurizon
Toronto, Ontario (January 14, 2013) - Alamos Gold Inc. (TSX: AGI) ("Alamos" or the "Company") announced today that it has commenced an offer to acquire Aurizon Mines Ltd. ("Aurizon") for approximately C$780 million in cash and shares (the "Offer"). The Offer will remain open until 5:00 p.m. (Toronto time) on February
19, 2013 unless withdrawn or extended. Alamos has also applied to list its common shares ("Alamos Shares")
on the New York Stock Exchange (the "NYSE") under the symbol "AGI".
Under the terms of the Offer, Alamos proposes to acquire all of the outstanding common shares of Aurizon ("Aurizon Shares") for consideration value of C$4.65 per Aurizon Share. Each Aurizon shareholder can elect to receive consideration per Aurizon Share of either C$4.65 in cash (the "Cash Alternative") or 0.2801 of an Alamos Share (the "Share Alternative"), subject in each case to pro-ration based on a maximum cash consideration of C$305,000,000 and maximum number of Alamos Shares issued of 23,500,000.
The Offer reflects a premium of approximately 40% based on the closing price of C$3.33 for the Aurizon Shares on the TSX on January 9, 2013, and a premium of approximately 37% based on the volume-weighted average price of the Aurizon Shares on the TSX for the 20 trading days ended January 9, 2013.
Full details of the Offer are included in the formal Offer and take-over bid circular that will be filed today with securities regulatory authorities (together with all related documents). Alamos will formally request an Aurizon security holder list today. The take-over bid documents will be mailed to Aurizon shareholders.
As of today, Alamos owns 26,507,283 Aurizon Shares, representing over 16% of the issued and outstanding
Aurizon Shares.
Alamos President and Chief Executive Officer, John McCluskey, said "We believe that our Offer presents an attractive alternative for Aurizon shareholders. In addition to the Aurizon Shares we recently acquired, shortly before announcing our Offer, we approached a select few major institutional holders of Aurizon Shares. Each of these holders was supportive of us making the Offer. This response adds to our confidence that our Offer is attractive to Aurizon shareholders. We believe the combined companies will form one of the strongest and lowest risk production and growth profiles in the gold sector today. The Offer, combining the world class assets of the two companies, demonstrates Alamos' ability to identify and pursue opportunities that present a strong strategic fit with our goal to become a leading intermediate gold producer."
Alamos believes that the Offer is attractive to Aurizon shareholders for the following reasons:
Significant Premium. Based on the closing price of C$16.60 per Alamos Share on the TSX on January 9, 2013, the consideration offered under the Offer has a value of C$4.65 per Aurizon Share, representing a premium of approximately 40% and 39%, respectively, over the closingT R A D I N G S Y M B O L : T S X : A G I
price of C$3.33 and $3.39 per Aurizon Share on the TSX and NYSE MKT on January 9, 2013. Based on the volume-weighted average price of Alamos Shares on the TSX for the 20 trading days ended January 9, 2013, the Offer represents a premium of approximately 37% over the volume-weighted average price of the Aurizon Shares on the TSX and NYSE MKT for the same period.
Creation of a Leading Intermediate Gold Company. The combination of Alamos and Aurizon will immediately create a new leading intermediate gold mining company with increased diversification, scale and liquidity. The combined entity is anticipated to have an estimated market capitalization of approximately $2.6 billion, with enhanced visibility among the international investor community as well as continued exposure to the North American capital markets through listings on both the TSX and the NYSE. The combined company, with two steady producing, low cost mines located in stable jurisdictions, will be strongly positioned for growth. Established, Well-funded, Shareholder Focused Team in Place. Alamos offers Aurizon shareholders the benefits of both the project development and operation expertise of the Alamos management team as well as access to pro forma combined estimated cash and cashequivalents and short-term investments of approximately $209.7 million with which to advance projects without any near-term dilution. Alamos will continue to be guided by a board of directors and management team with extensive project development, acquisition, operation and other relevant industry experience necessary to advance projects from the exploration stage through production and to create shareholder value by doing so.
Financial Capability to Secure Future of Aurizon's Assets. Alamos's balance sheet and operating cash flow will be available to support the strong growth profile of the combined company without an expectation of a need for any equity capital raisings. Alamos will remain unhedged and debt-free. Alamos is also well placed to take advantage of the exploration potential of the combined entity to unlock the upside potential for all shareholders. The Offer provides a much needed growth profile for Aurizon shareholders. Alamos expects to continue its strong dividend policy. Exposure to Other Attractive Mineral Projects. Aurizon shareholders who tender to the Offer will gain exposure to the world-class projects of Alamos, including the producing Mulatos mine in Mexico, one of the world's most profitable gold mines. Alamos also owns a100% interest in the advanced-stage gold projects - the A
