BATTERY ELECTRIC VEHICLES FROM CANADA WILL LOWER DIESEL EMISSIONS IN MINING

Canadian manufacturer Miller Technology becoming a global leader in battery electric utility vehicles for mining

April 29, 2022 – North Bay, Ontario, Canada – Miller Technology is pleased to announce the first sale of its new battery electric utility vehicle for mining to the Young-Davidson Mine of Canadian mining company Alamos Gold Inc.

“This is a great day for Miller, for North Bay, for Northern Ontario and for Canada,” said Dan Bachand, the CEO of Miller.

Also joining the press conference at Miller was the Member of Parliament for Nipissing—Timiskaming, Anthony Rota, the Member of Provincial Parliament for Nipissing, Vic Fedeli, and the General Manager of the Matachewan-located Young-Davidson Mine, Léon Grondin-Leblanc.

“Miller Technology’s electric vehicle is a prime example of how Canada is leading the world in green technology, reducing operating costs, reducing greenhouse gas emissions and most importantly improving employee health”, said Anthony Rota. “We are proud to see them serve the world from North Bay in the riding of Nipissing-Timiskaming.”

“Ontario is a leader in EVs and Miller is at the leading edge of EV utility vehicles,” said Fedeli. “We’ve said that the North will become an integral part of Ontario’s Driving Prosperity strategy and this is another big step.”

The utility vehicle is driven underground to safely move mining staff around the mine site. Historically, these utility vehicles have had diesel engines, which emit greenhouse gas emissions and impairs underground air quality. Miller has developed a conversion kit to exchange the diesel engine for an electric motor, in addition to a number of other mining-specific modifications to the vehicle. These vehicles are often run 24 hours a day, a very heavy duty-cycle, and Miller has patented certain aspects of its IONIC Drive system. Prior to releasing this BEV conversion, Miller had already built a new ground up utility vehicle called the Relay.

“With our original build Relay, BEV conversion kit and new projects such as an E-grader, the Ionic Drive System that Miller has developed has arrived at the top of the battery electric heavy duty-cycle drive systems. I want to thank our team members for their hard work. All of our staff have helped get us to this point”, said Bachand.

The sale to Alamos Gold follows a series of very successful mine trials.

“I want to thank Alamos Gold for their courage and commitment to battery electric vehicles and emissions reductions”, said Bachand. “This is a great step forward by Alamos Gold to reduce diesel fumes and emissions, helping with employee health, fossil fuel reductions and to slow global warming.”

“Today is an important milestone as the purchase of this electric utility vehicle from Miller Technology supports our efforts to reduce greenhouse gas emissions,” said Grondin-Leblanc. “The Young-Davidson mine’s emission intensity is less than half the industry underground mine average as a result of increased electrification and automation of our lower mine infrastructure which we completed two years ago, and today’s announcement is yet another step forward.”

In this photo (left to right): Léon Grondin-Leblanc, General Manager of Alamos Gold’s Young-Davidson Mine; Hugh McDermid, VP Operations, Miller Technology; Vic Fedeli, Member of Provincial Parliament for Nipissing; and Anthony Rota, Member of Parliament for Nipissing—Timiskaming.

About Miller Technology (www.millertechnology.com)

North Bay-based Miller Technology is a recognized OEM for electric vehicles and has a long history of designing and fabricating custom utility vehicles for transport in underground mining. For more information about Miller please contact Andrew Green, VP Corporate Development and Legal, at (416) 453-2652 or [email protected]

About Alamos Gold

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,800 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.

For more information about Alamos Gold please contact Scott K. Parsons, Vice-President, Investor Relations at (416) 368- 9932 x 5439.