ORFORD COMPLETES ARRANGEMENT WITH ALAMOS

TORONTO, April 3, 2024 /CNW/ - Orford Mining Corporation (TSXV: ORM) ("Orford" or the "Company") is pleased to announce that it has been acquired by Alamos Gold Inc. (TSX: AGI, NYSE: AGI) ("Alamos") as contemplated by the previously announced arrangement agreement dated January 15, 2024 (the "Arrangement"). Pursuant to the Arrangement, Alamos has acquired all of the outstanding common shares of Orford ("Orford Shares") not already owned by Alamos in exchange for the issuance of common shares of Alamos. As a consequence, all former shareholders of Orford at the time of closing of the Arrangement are now shareholders of Alamos. For further details of the Arrangement, please refer to the Company's press releases dated January 15, 2024, March 20, 2024, and March 27, 2024, and the management information circular of the Company dated February 23, 2024, in respect of the special meeting of shareholders who approved the Arrangement, each available on SEDAR+ under Orford's profile at www.sedarplus.com.

With the Arrangement now complete, the Orford Shares are expected to be delisted from the TSX Venture Exchange shortly after the date hereof, Orford will also apply to cease to be a reporting issuer under applicable Canadian securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Concerning Forward-Looking Statements

This news release contains "forward-looking information" as defined under applicable securities laws. Such forward-looking statements include, but are not limited to, statements relating to:  the timing of de-listing and ceasing to be a reporting issuer.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Orford to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These factors include, among others, obtaining required regulatory approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Orford's filings with Canadian securities regulators available on SEDAR+ at www.sedarplus.com.

Although Orford has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward- looking statements contained herein are made as of the date of this news release and Orford disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

SOURCE Orford Mining Corporation