March 27 (Reuters) - Alamos Gold ( AGI ) and Argonaut Gold ( ARNGF ):

* ALAMOS GOLD ANNOUNCES FRIENDLY ACQUISITION OF ARGONAUT

GOLD

* ALAMOS EXPECTS TO UNLOCK SIGNIFICANT VALUE WITH IMMEDIATE

AND

LONG-TERM SYNERGIES EXPECTED TO TOTAL APPROXIMATELY US$515

MILLION

* MAGINO IS EXPECTED TO INCREASE ALAMOS' COMBINED GOLD

PRODUCTION

TO OVER 600,000 OUNCES PER YEAR

* ARGONAUT GOLD ( ARNGF )- WITH TRANSACTION, ARGONAUT'S ASSETS IN US

AND

MEXICO WILL BE SPUN OUT TO EXISTING SHAREHOLDERS AS NEWLY

CREATED JUNIOR GOLD PRODUCER

* ARGONAUT GOLD ( ARNGF ): VIA USE OF SHARED INFRASTRUCTURE, ALAMOS

SEES TO

UNLOCK SIGNIFICANT VALUE WITH IMMEDIATE AND LONG-TERM SYNERGIES

EXPECTED TO $515 MILLION

* EACH ARGONAUT COMMON SHARE OUTSTANDING WILL BE EXCHANGED

FOR

0.0185 ALAMOS COMMON SHARES AND 1 SHARE OF SPINCO(

* ARGONAUT GOLD ( ARNGF )- UPON DEAL COMPLETION , EXISTING ALAMOS AND

ARGONAUT SHAREHOLDERS WILL OWN ABOUT 95% AND 5% OF PRO FORMA

COMPANY, RESPECTIVELY

* ARGONAUT: ALAMOS EXPECTS TO ISSUE ABOUT 20.3 MILLION

COMMON

SHARES AS PART OF TRANSACTION, REPRESENTING AN EQUITY VALUE OF

ABOUT US$276 MILLION

* EXCHANGE RATIO IMPLIES ESTIMATED TOTAL CONSIDERATION OF

C$0.40

PER ARGONAUT COMMON SHARE

* ALAMOS EXPECTS TO ISSUE ABOUT 20.3 MILLION COMMON SHARES

AS PART

OF DEAL, REPRESENTING EQUITY VALUE OF APPROXIMATELY US$276

MILLION

* DEAL FOR ENTERPRISE VALUE OF US$516 MILLION

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