AuRico Metals Announces Alamos Gold's Intention to Exercise Participation Right

Toronto (ots/PRNewswire) -

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN
THE UNITED STATES/

AuRico Metals Inc. (TSX: AMI), ("AuRico" or the "Company") reports
that further to its previously announced bought deal with a syndicate
of underwriters (the "Underwriters") co-led by National Bank
Financial Inc. and Macquarie Capital Markets Canada Ltd. under which
the Underwriters have agreed to buy, on a bought deal basis,
10,000,000 common shares ("Common Shares") at a price of C$1.00 per
Common Share (the "Offering"), the Company is pleased to announce
that Alamos Gold Inc. ("Alamos") has indicated that it intends to
exercise its participation right in full to maintain its pro-rata
interest in AuRico in connection with the Offering.

As a result, Alamos will subscribe for 1,106,618 common shares for
aggregate gross proceeds of C$1,106,618 (plus up to an additional
165,993 common shares for additional proceeds of C$165,994 if the
over-allotment option under the Offering is exercised in full by the
Underwriters)(the "Alamos Private Placement").

The Offering and the Alamos Private Placement are each anticipated
to close (the "Closing") on or about August 22, 2016 and are subject
to certain conditions including, but not limited to, the receipt of
all necessary approvals including the approval of the Toronto Stock
Exchange ("TSX"). The Alamos Private Placement is a non-brokered
private placement and is not part of the Offering.

The net proceeds from the Offering and from the Alamos Private
Placement will be used to fund the potential acquisition of
additional royalties, the advancement of permitting activities and
detailed engineering at the Kemess Underground project, as well as
for working capital and general corporate purposes.

The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or any applicable exemption
from the registration requirements. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
nor will there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful.

About AuRico Metals

AuRico Metals is a mining royalty and development company whose
producing gold royalty assets include a 1.5% NSR royalty on the
Young-Davidson Gold Mine, a 0.25% NSR royalty on the Williams Mine at
Hemlo, and a 0.5% NSR royalty on the Eagle River Mine - all located
in Ontario, Canada. AuRico Metals also has a 2% NSR royalty on the
Fosterville Mine and a 1% NSR royalty on the Stawell Mine, located in
Victoria, Australia. Aside from its diversified royalty portfolio,
AuRico owns (100%) the advanced Kemess Gold-Copper Project in British
Columbia, Canada. AuRico Metals' head office is located in Toronto,
Ontario, Canada.

Cautionary Statement

This news release contains "forward-looking information" which may
include, but is not limited to, statements with respect to the future
financial or operating performance of the Company and its projects,
as well as the completion of the Offering and the Alamos Private
Placement and the use of proceeds therefrom. Often, but not always,
forward-looking statements can be identified by the use of words such
as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes" or
variations (including negative variations) of such words and phrases,
or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this press release and
the Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or
results or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update
forward-looking statements if circumstances, management's estimates
or opinions should change, except as required by securities
legislation. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements. The Company believes that, in
addition to conventional measures prepared in accordance with IFRS,
certain investors use this information to evaluate the Company's
performance and ability to generate cash flow.

Please contact: Chris Richter, President and Chief Executive
Officer, AuRico Metals Inc., +1-416-216-2780,
chris.richter@auricometals.ca; David Flahr, Vice President, Finance,
AuRico Metals Inc., +1-416-216-2780, david.flahr@auricometals.ca

ots Originaltext: AuRico Metals Inc.
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