Alacer Gold Corp.

Published : March 30th, 2015

Alacer Gold Increases its Life-of-Mine Gold Production Profile by Over 800,000 Ounces, Increasing Oxide Production by Over 245,000 Ounces Following an Updated Resource and Reserve Estimate

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Alacer Gold Increases its Life-of-Mine Gold Production Profile by Over 800,000 Ounces, Increasing Oxide Production by Over 245,000 Ounces Following an Updated Resource and Reserve Estimate


Ala cer Corpora te

P: 303-292-1299

F: 202-297-0538

9635 M a roon Circle, Suite 300

Eng lewood, Colora do 80112

www.AlacerGold.com

ALACER GOLD INCREASES ITS LIFE-OF-MINE GOLD PRODUCTION PROFILE BY OVER

800,000 OUNCES, INCREASING OXIDE PRODUCTION BY OVER 245,000 OUNCES FOLLOWING AN UPDATED RESOURCE AND RESERVE ESTIMATE

March 30, 2015, Toronto: Alacer Gold Corp. ("Alacer" or the "Corporation") [TSX: ASR and ASX: AQG] is pleased to announce an update to its Mineral Resources and Mineral Reserves estimates and an updated production profile for the Çöpler Gold Mine in Turkey.

Rod Antal, Alacer's President and Chief Executive Officer, stated, "This very positive update to our Mineral Resource and Mineral Reserve estimates significantly improves our gold production profile going forward and will provide us with a number of benefits as we transition into sulfide ore production in late 2017. We will generate significant additional free cash flow from increased ounces of high-margin oxide production between 2015 and 2019 and specifically in 2018 as we bring the sulfide plant into full production. We will also be able to add sulfide ounces in the first five years of POX production, improving the Sulfide Project investment case. All of these factors greatly improve our fundamental operating metrics and further strengthens and de-risks our business profile.

The improvements reflect the addition of over 245,000 ounces (increase of 44%) to oxide production and

555,000 ounces (increase of 22%) to sulfide production, resulting in an extension of the mine life by an additional 4.5 years.

Over the past 12 months various technical work streams have allowed us to improve our understanding of the Çöpler orebody and further demonstrates the advantages of our investment in this brownfield project. Çöpler continues to deliver and the Sulfide Project remains on track."

Highlights

Improved Çöpler production profile and increased Mineral Reserves

o Production increases by over 800,000 ounces1, extending the mine life to 2039 with oxide production increasing by over 245,000 ounces1 and sulfide production increasing by 555,000 ounces

o Çöpler reserves increased by 24% overall with oxide reserves increasing by 36% and sulfide reserves increasing by 21%, all on a recoverable ounce basis

Key improvements drive production and reserve increases

o Oxide Heap Leach Pad Phase 4 expansion now has increased capacity of 58 million tonnes from

49 million tonnes

o Sulfide Tailing Storage Facility capacity increased to facilitate an additional 4.5 years of production

o Enhanced recovery model employed, leading to increased metallurgical recovery, averaging 72%

going forward

o Improved oxide/sulfide ore discriminator model implemented

1 Assumes 2015 mid-point of production guidance of 190,000 ounces.

Page 1 of 12

Çöpler Life-of-Mine Production Profile2

In developing a new production schedule, emphasis was placed on maximizing production from oxide ores between now and the startup of the sulfide plant, and also on producing the highest grade sulfide ores during the initial years of sulfide production. The new life-of-mine production profile along with a ten-year comparison with the previous Definitive Feasibility Study ("DFS") production profile are provided below.

400

Çöpler 10 Year Production Profile (100% Basis)

350

300

250

200

150

100

50

191

191

180-

200

150

150

171

171

157

6

151

173

5

168

257

219

294

185

110

269

235

319

244

74

241

241

276

242

203

203

240

235

174

174

238

234

177

177

193

169

159

159

194

167

39 35

0

34 24 27

5 5

DFS Oxide Production DFS Sulfide Production NI 43-101 Oxide Production NI 43-101 Sulfide Production

Çöpler Life-of-Mine Production Profile (100% Basis)

350

319

294

300

250

200

150

180-

191 200

171

150

173

157

257

269

276

241

240

203

238

174

193

177

194

159

178

159

152

136

154

106

105 106

107

107

106

106

103

103

104

104

104

100

50

0

103

104

104

104

103

102 88

0

30

0 0 0 0

DFS Oxide Production DFS Sulfide Production NI 43-101 Oxide Production NI 43-101 Sulfide Production

2 The production targets in this announcement are underpinned solely by Probable Mineral Reserves, which have been prepared by a Competent Person or Persons in accordance with the requirements of the JORC Code. Production targets are based on Alacer's current expectations of future results or events and should not be solely relied upon by investors when making investment decisions. Mineral Reserves are shown on a 100% basis, of which Alacer owns 80%. The Mineral Reserves methodology and cut-off grades are summarized in the appendix to this announcement. Rounding differences will occur.

Page 2 of 12

Updated Mineral Resources and Mineral Reserves Estimates

Updated Mineral Resources and Mineral Reserves estimates are stated as of December 31, 2014. Mineral Resources quoted in this announcement are reported as inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves have not demonstrated economic viability.

Further information regarding the data, assumptions and methodologies underlying these estimates is provided in the NI 43-101 Technical Report on the Çöpler Sulfide Expansion Project Feasibility Update, effective date of March 27, 2015 that was filed on www.sedar.com and with the Australian Securities Exchange concurrently with this release.

The updated Mineral Reserves referenced in this press release have been subjected to a DFS in which open pit designs and an optimized mine production schedule were developed. The DFS contemplates sulfide ore processing by pressure oxidation and metal recoveries using standard carbon-in-pulp for gold recovery and countercurrent decantation precipitation for copper recovery. The current heap leach operations will continue in parallel to the pressure oxidation operation as long as leachable ore is available. The DFS finds that the recovery of metals is technically and financially feasible, generating positive returns on plant and infrastructure investments. For further reference, see the announcement issued June 16, 2014 titled, "Alacer Gold Announces Positive Definitive Feasibility Study for Çöpler Gold Mine".

Tabulated below are the updated Çöpler Measured and Indicated Resources, which now total 122.8 million tonnes at 1.73 g/t gold, containing 6.8 million ounces.

Mineral Resources for the Ҫӧpler Deposit (As of December 31, 2014)

Variable Total

Mineral Resources have an effective date of December 31, 2014. Gordon Seibel and Harry M. Parker, both SME Registered Members, are the Qualified Persons responsible for the Mineral Resource estimates. The Mineral Resource model was prepared by Messrs. Gordon Seibel and Loren Ligocki.

Mineral Resources are reported inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves have not demonstrated economic viability.

Mineral Resources are shown on a 100% basis, of which Alacer owns 80%.

Metal price assumptions were $1,500/oz for gold, $25.00/oz for silver, and $3.97/lb for copper.

Tonnage and grade measurements are in metric units. Contained gold is reported in troy ounces.

Tonnages are rounded to the nearest thousand tonnes; grades are rounded to two decimal places. Rounding differences will occur.

Page 3 of 12

Tabulated below are the updated Çöpler Probable Mineral Reserves, which now total 65.2 million tonnes at 2.1 g/t gold, containing 4.3 million ounces.

Mineral Reserves for the Ҫӧpler Deposit (As of December 31, 2014)

Mineral Reserves Category Material

Tonnes

(x1000)

Au

(g/t)

Ag

(g/t)

Cu

(%)

Contained

Au Ounces

Recoverable

Au Ounces

Proven - Oxide In-Situ

-

-

-

-

-

-

Probable - Oxide In-Situ

25,002

1.24

3.38

0.13

994,000

716,000

Probable - Oxide Stockpile

59

2.53

-

-

5,000

4,000

Total - Oxide

25,061

1.24

3.38

0.13

999,000

720,000

Proven - Sulfide In-Situ

-

-

-

-

-

-

Probable - Sulfide In-Situ

36,884

2.42

6.99

0.11

2,873,000

2,695,000

Probable - Sulfide Stockpile

3,283

4.18

9.12

0.11

441,000

414,000

Total - Sulfide

40,166

2.57

7.16

0.11

3,314,000

3,109,000

Proven - Oxide + Sulfide + Stockpile

-

-

-

-

-

-

Probable - Oxide + Sulfide +Stockpile

65,227

2.06

5.70

0.12

4,313,000

3,829,000

Total - Oxide + Sulfide

65,227

2.06

5.70

0.12

4,313,000

3,829,000

Note: Mineral Reserves are shown on a 100% basis, of which Alacer owns 80%. The Mineral Reserves methodology and cut-off grades are summarized

in the appendix to this announcement. Rounding differences will occur.

Comparison with Previous Estimate

The previous Mineral Resources and Reserves for Çöpler were published in Alacer's Management's Discussion and Analysis for the Year Ended December 31, 2014. Alacer estimated those Mineral Resources and Reserves by applying mining depletion to previously reported Mineral Resources and Reserves detailed in the NI 43-

101 Technical Report titled, "Copler Sulfide Expansion Project Feasibility Study", effective date July 29, 2014.

Page 4 of 12

The table below compares the previous Mineral Resources as published in Alacer's Management's

Discussion and Analysis for the Year Ended December 31, 2014, with the current Mineral Resources.

- - - -

- - - -

- - - -

Notes: Loren Ligocki, SME Registered Member, Alacer's Resource Geologist, and a full-time employee of Alacer, served as Qualified Person for the depleted Mineral Resources as at December 31, 2014. Amec Foster Wheeler is not responsible for previous estimates of Minerals Resources associated with Alacer's Management's Discussion and Analysis for the Year Ended December 31, 2014. Previous Mineral Resources are quoted after mining depletion and are inclusive of Mineral Reserves. Mineral Resources are shown on 100% basis of which Alacer owns 80%. The Mineral Resources methodology is summarised in the appendix to this announcement. Rounding errors will occur.

Key changes to note between these Mineral Resources estimates are:

The low- and high-sulfur criteria used to discriminate material types for the proposed pressure oxidation

("POX") plant and the heap leach pad was modified to an oxide-sulfide criteria.

Incorporation of a transitional zone below the oxide-sulfide contact to distinguish between optimal processing methods and reduced recovery due to dilution during mining and presence of partially oxidized material;

Changes in Lerchs-Grosmann Parameters to reflect current economics.

Reclassification of material types based on the oxide-sulfide model.

Page 5 of 12

The table below compares the new Mineral Reserves to the previous Mineral Reserves as published in Alacer's Management's Discussion and Analysis for the Year Ended December 31, 2014, with the current Mineral Reserves.

Ҫӧpler - Mineral Reserves Comparison (100% Basis)

NI 43-101 March 2015

Mineral Reserves

(as at Dec 31, 2014)

DFS July 2014

Mineral Reserves

(depleted to Dec 31, 2014)

Change

Mineral Reserves

Category Material

Tonnes

(x1000)

Au

(g/t)

Contained Au Ounces (x1000)

Tonnes

(x1000)

Au

(g/t)

Contained Au Ounces (x1000)

Tonnes

(%)

Au

(%)

Contained Au Ounces (%)

Proven - Oxide In-Situ

-

-

-

-

-

-

0%

0%

0%

Probable - Oxide In-Situ

25,002

1.24

994

19,680

1.20

761

27%

3%

31%

Probable - Oxide Stockpile

59

2.53

5

59

2.53

5

0%

0%

0%

Total - Oxide

25,061

1.24

999

19,739

1.21

766

27%

3%

30%

Proven - Sulfide In-Situ

-

-

-

-

-

-

0%

0%

0%

Probable - Sulfide In-Situ

36,884

2.42

2,873

27,939

2.54

2,286

32%

-5%

26%

Probable - Sulfide Stockpile

3,283

4.18

441

3,283

4.18

441

0%

0%

0%

Total - Sulfide

40,166

2.57

3,314

31,222

2.72

2,727

29%

-6%

22%

Proven - Oxide + Sulfide +

Stockpile

-

-

-

-

-

-

0%

0%

0%

Probable - Oxide + Sulfide

+ Stockpile

65,227

2.06

4,313

50,961

2.13

3,493

28%

-3%

23%

Total - Oxide + Sulfide

65,227

2.06

4,313

50,961

2.13

3,493

28%

-3%

23%

Notes: Stephen Statham, PE (Colorado License #PE.0048263), Mining Engineer, who is a full-time employee of Alacer, served as Qualified Person for

the depleted Mineral Reserves as at December 31, 2014. Mineral Reserves are shown on a 100% basis, of which Alacer owns 80%. The Mineral

Reserves methodology and cut-off grades are summarized later in this announcement. Rounding differences will occur.

Heap Leach Pad Phase 4

In December 2014, Alacer announced the results of the Heap Leach Pad Expansion study which resulted in increasing the capacity of the pad to 56 million tonnes from 49 million tonnes. Upon review of the final design, the ultimate Heap Leach Pad Phase 4 expansion has increased capacity of 58 million tonnes, with no additional material capital costs.

Tailings Storage Facility

As announced in the July 2014 43-101 Technical Report, the Tailings Storage Facility ("TSF") capacity was 37 million tonnes, providing a cap on the sulfide production. The new TSF detailed design has increased the storage capacity to 47 million tonnes as a result of moving the starter dam downstream, thus providing more capacity as the upstream area and the overall height are increased. Changes in TSF design added $16.7 million to the overall cost, the majority of which is projected to be spent towards the end of the mine life.

Mineral Resource Reconciliation Study Update

Work on the Mineral Resource Reconciliation Study began in 2014 and has resulted in improvements to our recovery model and a change in the ore discriminator used for the new mine plan. Work will continue in

2015 with a new infill drilling program, and results will be announced when completed.

Page 6 of 12

Updated Recovery Model

A review of the heap leach pad metallurgical performance was completed. As a result of this work, an updated heap leach gold recovery model has been developed to better reflect predicted gold recoveries from the heap leach process and to improve the knowledge of our inventory build. A study undertaken by an external metallurgical consultant, Mr. John Marsden of Metallurgium, found that actual recoveries determined through monthly composite testing were higher than what the previous recovery model predicted. The new recovery model has been modified and calibrates closely with the historical production. Going forward, the new recovery model is now predicting a 72% weighted average recovery for oxide production.

Redox Boundary

As previously announced, metallurgical testing was being performed to determine if increasing the 2% sulfur discriminator level could potentially increase the amount of oxide ore that was available to be placed on the heap leach pad. Results of this work highlighted the need to review the current 2% sulfur discriminator used to differentiate between oxide and sulfide ores, especially at depth. This has led to the adoption of the Reduction - Oxidation ("Redox") boundary as the ore discriminator between oxide and sulfide ore for the deposit. Oxide is defined as material above the interpreted oxide surface. A transitional zone resides 5 m below the oxidation surface. Sulfide is defined as material beneath the transitional zone.

The Redox discriminator has replaced the 2% total sulfur grade discriminator and has been incorporated into the new resource model. This is the primary driver in the reduction in resource tonnes as higher-grade oxide ores are now considered sulfide ore and low-grade oxide material was removed below the Redox boundary.

About Alacer

Alacer is a leading intermediate gold mining company, with an 80% interest in the world-class Çöpler Gold Mine in Turkey. The Corporation's primary focus is to maximize portfolio value, maximize free cash flow, minimize project risk, and therefore create maximum value for shareholders.
Alacer is actively pursuing initiatives to enhance value beyond the current mine plan:

Çöpler Oxide Production Optimization - expansion of the existing heap leach pad to 58 million tonnes has started, and the Corporation continues to evaluate opportunities to optimize and extend the oxide production beyond the current reserves.

Çöpler Sulfide Project - will deliver medium-term growth at healthy returns and increases production by an additional 22 years. The Environmental Impact Assessment has been approved and the project is progressing as planned. Gold production is forecasted at 3.9 million ounces at industry low All-in Sustaining Costs3 averaging $637 per ounce as detailed in the NI 43-101 Technical Report on the Çöpler Sulfide Expansion Project Feasibility Update, effective date March 27, 2015.

Alacer continues to pursue numerous high-potential exploration projects in Turkey in various joint ventures with our Turkish partner Lidya Mining.

3 All-in Sustaining Costs are a non-IFRS financial performance measure with no standardized definition under IFRS. For further information and a detailed reconciliation, please see the "Non-IFRS Measures" section of the MD&A for December 31, 2014.

Page 7 of 12

Cautionary Statements

Except for statements of historical fact relating to Alacer, certain statements contained in this press release constitute forward-looking information, future oriented financial information, or financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may be contained in this document and other public filings of Alacer. Forward-looking information often relates to statements concerning Alacer's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts.
Forward-looking information includes statements concerning, among other things, preliminary cost reporting in this press release, production, cost and capital expenditure guidance; ability to expand the current heap leach pad, development plans for processing sulfide ore at Çöpler; results of any gold reconciliations; ability to discover additional oxide gold ore, the generation of free cash flow and payment of dividends; matters relating to proposed exploration, communications with local stakeholders and community relations; negotiations of joint ventures, negotiation and completion of transactions; commodity prices; Mineral Resources, Mineral Reserves, realization of Mineral Reserves, existence or realization of Mineral Resources estimates; the development approach, the timing and amount of future production, timing of studies, announcements and analysis, the timing of construction and development of proposed mines and process facilities; capital and operating expenditures; economic conditions; availability of sufficient financing; exploration plans; receipt of regulatory approvals and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, regulatory and political matters that may influence or be influenced by future events or conditions.
Such forward-looking information and statements are based on a number of material factors and assumptions, including, but not limited in any manner to, those disclosed in any other of Alacer's filings, and include the inherent speculative nature of exploration results; the ability to explore; communications with local stakeholders and community and governmental relations; status of negotiations of joint ventures; weather conditions at Alacer's operations, commodity prices; the ultimate determination of and realization of Mineral Reserves; existence or realization of Mineral Resources; the development approach; availability and final receipt of required approvals, titles, licenses and permits; sufficient working capital to develop and operate the mines and implement development plans; access to adequate services and supplies; foreign currency exchange rates; interest rates; access to capital markets and associated cost of funds; availability of a qualified work force; ability to negotiate, finalize and execute relevant agreements; lack of social opposition to the mines or facilities; lack of legal challenges with respect to the property of Alacer; the timing and amount of future production and ability to meet production, cost and capital expenditure targets; timing and ability to produce studies and analysis; capital and operating expenditures; economic conditions; availability of sufficient financing; the ultimate ability to mine, process and sell mineral products on economically favorable terms and any and all other timing, exploration, development, operational, financial, budgetary, economic, legal, social, regulatory and political factors that may influence future events or conditions. While we consider these factors and assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.
You should not place undue reliance on forward-looking information and statements. Forward-looking information and statements are only predictions based on our current expectations and our projections about future events. Actual results may vary from such forward-looking information for a variety of reasons including, but not limited to, risks and uncertainties disclosed in Alacer's filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, Alacer does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

Page 8 of 12

Qualified Persons

All Mineral Reserves and Mineral Resources referenced in this announcement are estimated in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101") of the Canadian Securities Administrators and Canadian Institute of Mining, Metallurgy and Petroleum standards and the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves. While terms associated with various categories of "Mineral Reserves" or "Mineral Resources" are recognized and required by Canadian regulations, they may not have equivalent meanings in other jurisdictions outside Canada, and no comparison should be made or inferred. Actual recoveries of mineral products may differ from those estimated in the Mineral Reserves and Mineral Resources due to inherent uncertainties in acceptable estimating techniques. In particular, Inferred Mineral Resources have a great amount of uncertainty as to their existence, economic and legal feasibility. Investors are cautioned not to assume that all or any part of the Mineral Resources that are not Mineral Reserves will ever be converted into Mineral Reserves.
The resource model was constructed by Gordon Seibel, SME Registered Member, Amec Foster Wheeler's Principal Geologist and a full-time employee of Amec Foster Wheeler and Loren Ligocki, SME Registered Member, Alacer's Resource Geologist, and a full-time employee of Alacer. The updated Mineral Resource estimates were developed and reviewed by Dr. Harry Parker, SME Registered Member, Consulting Mining Geologist and Geostatistician for Amec Foster Wheeler.
The information in this announcement which relates to the data audit and the updated Mineral Resource estimate, and the information in the appendix which relates to the estimation methodology and resource clasification is based on, and fairly represents, the information and supporting documentation prepared by Dr. Parker and Mr. Seibel. Dr. Parker and Mr. Seibel have sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which is being undertaken to qualify as Competent Persons as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and are Qualified Persons pursuant to NI 43-101.
The Mineral Reserves disclosure in this announcement was estimated and approved by Mr. Stephen K. Statham, PE (Colorado License #PE.0048263), Mining Engineer, who is a full-time employee of Alacer and is a Qualified Person pursuant to NI 43-101. Mineral Reserve estimates have been reviewed by Mr. James Francis, BSc (Hons) Geology and MSc Mining Geology, MAusIMM, MAIG, and General Manager - Technical at Çöpler Mine, who is a full-time employee of Anagold.
The information in this announcement which relates to Mineral Reserves (including production targets) is based on, and fairly represents, the information and supporting documentation prepared by Mr. Francis. Mr. Francis has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and is a Qualified Person pursuant to NI 43-101.
The scientific and technical information in this announcement is based on, and fairly represents, information compiled by Robert D. Benbow, PE, who is a full-time employee of Alacer. Mr. Benbow has sufficient experience with respect to the technical and scientific matters set forth above to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and is a Qualified Person pursuant to NI 43-101.
Messrs. Seibel, Parker, Francis, Benbow, Ligocki, Marsden and Statham consent to the inclusion in this announcement of the matters based on this information attributed to each of them in the form and context in which it appears.

Page 9 of 12

For further information on Alacer Gold Corp., please contact:

Lisa Maestas - Director, Investor Relations at +1-303-292-1299

Summary for the purposes of ASX Listing Rules 5.8 and 5.9

Please also refer to the JORC Table 1 released concurrently with the Technical Report for information relating to the estimates of Ore Reserves and Minerals Resources at the Çöpler Gold Mine, and a copy of which can be found on www.sedar.com, the Australian Securities Exchange and on our website www.alacergold.com.

Geology and Geological Interpretation

Epithermal gold mineralization at Çöpler occurs within structurally-controlled zones sourced from a low-grade base metal porphyry-style mineralization related to an intrusive described as a diorite stock with dykes and sills. Mineralization tends to occur in proximity to (and on both sides of) the country rock/diorite contact.
Northeast to east-trending structures dominate the Çöpler project. The variable northeast trending Çöpler North and South faults are important structures crossing the entire property. Mineralization ranges from near-vertical features defined by the faults to low-angle sill features following lithologic contacts and low-angle structures.
The geologic model is considered robust with information available from over 1,800 drill holes within the Çöpler deposit at the time of the Mineral Resources update. The data used for the geologic model included a combination of core and RC drilling extended to model boundaries with the aid of surface mapping.

Drilling Techniques

Drilling is a combination of vertically oriented holes prior to 2005 and north/south oriented drill holes from 2005 to present. Approximately 44% of the drilling was RC with 56% Diamond drill core. There is a total of 282,317m of drilling.
Diamond drilling was carried out using NQ and HQ sized equipment with standard tube. Approximately 90% of the core at Çöpler is HQ size. For RC drilling, a face-sampling bit (121 mm) was used.

Sampling and Sub-sampling

Diamond drill core was sampled as half core at nominal 1m intervals to geological contacts.
RC chip samples were routinely collected in calico bags and chip box trays at 1m intervals. In areas expected to be waste, samples are at times combined into 2m intervals. RC samples were collected at the rig using riffle splitters.

Sample Analysis Methods

All samples since 2005 were prepared and assayed at ALS laboratories in Turkey and Canada. All analyses for gold were undertaken via fire assay.

Mineral Resources

Estimation Methodology

Mineralized zones were developed using probabilistic modeling based on cut-offs used for classifying heap leach and POX material. Reported Mineral Resources contain no allowances for unplanned dilution, or mining recovery.
Probability Assigned Constrained Kriging ("PACK") was selected as the most relevant modeling method because it allows the model to be calibrated to historical mining results.
Mineral Resources are estimated (inclusive of Ore Reserves) within a Whittle Pit shell generated using a gold price of $1,500/oz, metallurgical gold recoveries that vary from 50.6% for transitional diorite to 94% for sulfide material.

Page 10 of 12


Processing cost assumptions vary from $5.67 to $33.28/t processed, depending on the ore type and process destination.

Mineral Resources Classification

As part of the Mineral Resources modeling process, a drill spacing study was completed to determine confidence levels for Measured and Indicated based on data availability. Results of this work were used to classify the reported Mineral Resources. Data quality was also considered in the resources classification process.
Mineral Resources were classified using an industry leading practice that Indicated Mineral Resources should be known within +/- 15 percent with 90 percent confidence on an annual basis and Measured Mineral Resources should be known within +/- 15 percent with 90 percent confidence on a quarterly basis.
It was determined by the drill spacing study that a minimum drill hole spacing of 50m by 50m was required to support declaration of Indicated Resources and 80m by 80m spacing for Inferred Resources.
No blocks in the model were classified as Measured Mineral Resources, due to incomplete assessment of data integrity.

Reasonable Prospects of Eventual Economic Extraction

Mineral Resources use multiple cut-off grades used for the two processing methods. Oxide material can be processed by the existing heap leach facility, and sulfide ore can be processed through the POX facility. Cut-offs vary by rock type and metallurgical area. The lowest cut-off used is 0.23 g/t Au for oxide marble and the highest cut-off of 1.0 g/t Au is used for sulfide.

Ore Reserves

Material Assumptions for Ore Reserves

The Ore Reserves were estimated as part the Çöpler Sulfide 43-101 completed in March 2015. All operating and capital costs as well as revenue streams were included in the DFS financial model. The DFS finds that the recovery of metals is technically and financially feasible, generating positive returns on plant and infrastructure investments.

Ore Reserve Classification

Ore Reserves are estimated on the basis of detailed design and scheduling of the Ҫӧpler open pits. The pit boundaries are defined by optimized Whittle pit shells for separate oxide pit and sulfide pits. The oxide pit shell is estimated with a gold price of $1,150/oz, mining cost of $1.93/tonne mined, and processing costs ranging
$5.67/tonne to $10.16/tonne. The sulfide pit shell is estimated with an Au price of $950/oz and processing cost of $40.47/tonne ore.
All of the Ore Reserves that are in-situ are currently derived from Indicated Mineral Resources. All Inferred Mineral
Resources are considered as waste.

Mining Method

Current open-pit mining at Çöpler is a conventional truck and shovel operation, which is the chosen method of extraction for all of Çöpler's Ore Reserves.

Ore Processing

Oxide ore is processed via heap leaching and sulfide ore is planned to be processed through whole-ore pressure oxidation in autoclaves.

Cut-off Grade

For Ore Reserves, estimation cut-off grades for oxide ore are calculated based on positive cash flow generation. A calculated gold internal cut-off grade within the design pit was applied to the oxide Ore Reserves using the

Page 11 of 12


equation: Xc = Po / (r * (V-R)) where Xc = Cut-off Grade (g/t), Po = Processing Cost of Ore (USD/tonne of ore), r = Recovery, V = Gold Sell Price (USD/gram), R = Refining Costs (USD/gram). This results in a variable oxide cut-off grade of 0.29 to 0.55.
The cut-off grade for sulfide ore is set at 1.45 g/t gold.

Estimation Methodology

The estimation methodology is described in the "Mineral Resources" section above.
Ore Reserves are not diluted, nor is any mining dilution expected beyond that already implied by the Mineral
Resources model block size (10m x 10m x 5m). Full mining recovery is assumed.

Material Modifying Factors

Gold and silver will be produced in the form of doré and sent to refiners for separation. The market for gold and silver is robust. A high-grade copper precipitate will be produced for sale. A marketing study completed for the DFS finds the copper market to be robust and, due to the high copper content of the precipitate, the precipitate will be highly saleable to copper smelters and brokers.
Infrastructure currently serving the mine is deemed sufficient for the expanded operation contemplated in the
DFS.
The Company operates under mining licenses issued by the Turkish Government. All necessary licenses are maintained in good standing. The approval of the Environmental Impact Assessment for the Sulfide Project was received on December 25, 2014.

Page 12 of 12

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | Turkey | All
Gold and Silver Prices for these countries : Canada | Turkey | All

Alacer Gold Corp.

PRODUCER
CODE : ASR.TO
ISIN : CA0329001022
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Alacer Gold is a gold producing company based in United states of america.

Alacer Gold produces gold, copper and silver in Australia and in Turkey, and holds various exploration projects in Australia and in Turkey.

Its main assets in production are HIGGINSVILLE - CHALICE, SOUTH KALGOORLIE GOLD MINE, HIGGINSVILLE - TRIDENT, HIGGINSVILLE - FAIRPLAY, HIGGINSVILLE - PALAEOCHANNELS and TRIDENT GOLD MINE in Australia and ÇÖPLER GOLD PROJECT in Turkey and its main exploration properties are KARAGOZ, BURSA EAST, TORUL, BAYBURT, IKIZTEPE - SARP, KEN-FOL, ARTVIN, KARAKARTAL, CEVIZLIDERE and YENIPAZAR in Turkey, MT FISHER in Canada and REDHILL, MT ZEPHYR and MUNGARI in Australia.

Alacer Gold is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.9 millions as of today (US$ 5.5 millions, € 3.8 millions).

Its stock quote reached its lowest recent point on September 14, 2009 at CA$ 0.02, and its highest recent level on October 21, 2011 at CA$ 9.99.

Alacer Gold has 292 850 016 shares outstanding.

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Annual reports of Alacer Gold Corp.
2007 Annual report
Financings of Alacer Gold Corp.
5/22/2011ANNOUNCES AMENDMENT TO PROPOSED RESTRICTED STOCK UNIT PLANS
Nominations of Alacer Gold Corp.
9/15/2014announces the appointment of two new independent directors t...
6/30/2014announces changes to its Board of Directors
9/10/2013Announces changes to the Board of Directors
10/2/2011Chief Strategic Officer Rohan Williams steps down
8/11/2011Chief Financial Officer To Depart
4/21/2011TurkPower Corporation Appoints James Davidson to Its Board o...
2/20/2008Appoints Edward C. Dowling Jr. as New President and Chief Ex...
Financials of Alacer Gold Corp.
7/27/2015Announces Second Quarter 2015 Operating and Financial Result...
4/28/2014announces 2014 first quarter results
3/13/2013announces 2012 year-end financial results
11/1/2012Announces Third Quarter 2012 Financial Statements and Relate...
5/12/2011FILES FIRST QUARTER FINANCIAL RESULTS AND THE RELATED MANAGE...
5/6/2011ANNOUNCES 2011 FIRST QUARTER FINANCIAL RESULTS RELEASE DATE ...
4/29/2011ANNOUNCES FIRST QUARTER OPERATING RESULTS
Project news of Alacer Gold Corp.
12/5/2013announces a further 10% increase in 2013 production guidance...
9/23/2013announces a 15% increase in 2013 production guidance at Çöpl...
1/17/2013achieves strongest quarterly production of the year of 103,4...
10/23/2012announces attributable gold production of 90,951 ounces for ...
6/1/2011(Çöpler Gold Project)ANNOUNCES SIGNFICANT EXTENSION TO SULFIDE MINERALIZATION AT ...
4/11/2011(Çöpler Gold Project)ACHIEVES COMMERCIAL PRODUCTION AT ITS ÇÖPLER MINE
3/29/2011(Çöpler Gold Project)REPORTS POSITIVE SULFIDE PREFEASIBILITY STUDY AND INCREASES ...
9/23/2008(Çöpler Gold Project)Commences Çöpler Gold Mine Construction
8/25/2008(Çöpler Gold Project)MANDATES LEAD ARRANGER FOR SENIOR PROJECT FINANCING
8/19/2008(Çöpler Gold Project)RECEIVES ÇÖPLER FORESTRY PERMIT
8/11/2008(Çöpler Gold Project)PROVIDES ÇÖPLER GOLD PROJECT UPDATE
5/20/2008(Çöpler Gold Project)OUTLINES STRATEGY FOR ÇÖPLER MINE DEVELOPMENT
4/16/2008(Çöpler Gold Project)Approved for Anatolia's Copler Gold Project
2/25/2008(Çöpler Gold Project)PROVIDES ÇÖPLER GOLD PROJECT UPDATE
2/6/2008(Çöpler Gold Project)FILES SULFIDE SCOPING STUDY FOR 2.3 MILLION OUNCES AT ÇÖPLER...
12/21/2007 POSITIVE SCOPING STUDY FOR 2.3 MILLION OUNCES OF ÇÖPLER GOL...
5/30/2006(Çöpler Gold Project)2006 Technical report
Corporate news of Alacer Gold Corp.
7/24/2016Alacer Gold Announces Second Quarter 2016 Operating & Financ...
7/17/2016Alacer Gold Comments on Recent Events in Turkey
7/13/2016AGM Vote Results 2016
7/7/20162016 07 07 Q2 Earnings Conference Call Details
7/7/2016Alacer Gold Announces Release Date for Second Quarter 2016 O...
6/24/2016Alacer Gold Continues to De-Risk Sulfide Project with Execut...
6/17/2016Alacer Gold Signs $350 Million Project Finance Facility
6/2/2016Alacer Gold Announces Appointment of Chief Operating Officer
5/27/2016Voting Results
5/26/2016Alacer Gold Announces Results of Annual and Special Meeting ...
5/12/20162016 12 05 Q1 2016 Earnings Release FINAL
5/12/2016Alacer Gold Announces First Quarter 2016 Operating & Financi...
5/12/2016Alacer Gold Announces Çöpler Sulfide Project Approval
5/5/20162016 05 05 Q1 Earnings Conference Call Details FINAL
5/5/2016Alacer Gold Announces Release Date for Çöpler Sulfide Projec...
4/20/2016Alacer Gold Receives Approval of Numerous Land Use Permits f...
4/20/20162016 04 20 Receipt of Final LUP - FINAL2
3/31/2016Alacer Gold Announces Further Exploration Results for The Çö...
3/31/2016Appendix to Exploration Announcement
3/30/2016Appendix to Exploration Announcement
1/25/2016Alacer Gold Announces 2015 Year-end Operating & Financial Re...
1/25/2016Alacer Gold announces 2015 year-end operating and financial ...
1/15/2016Alacer Gold Meets 2015 Production Guidance, Provides 2016 Gu...
1/14/2016Alacer Gold Meets 2015 Production Guidance, Provides 2016 Gu...
10/25/2015Alacer Gold Announces Third Quarter 2015 Operating and Finan...
10/9/2015Alacer Gold Announces Third Quarter 2015 Operating & Financi...
10/9/2015Alacer Gold announces third quarter 2015 operating & financi...
10/7/20152 Metals Stocks BMO Analysts Are Downgrading
9/21/2015Alacer Gold Signs $250 Million Project Finance Facility
8/20/2015Alacer Gold Announces Its One Millionth Ounce of Gold Poured...
7/29/2015Edited Transcript of ASR.TO earnings conference call or pres...
7/27/2015Alacer Gold Announces Second Quarter 2015 Operating & Financ...
7/27/2015Alacer Gold Announces Second Quarter 2015 Operating and Fina...
7/14/2015Alacer Gold Announces Second Quarter Operating & Financial R...
7/14/2015Alacer Gold Announces Second Quarter 2015 Operating & Financ...
7/14/2015Announces Second Quarter 2015 Operating & Financial Results ...
7/9/2015Alacer Gold Announces Results of Annual and Special Meeting ...
7/9/2015Announces Results of Annual and Special Meeting of Sharehold...
4/9/2015Alacer Gold Announces Release Date for First Quarter 2015 Fi...
4/9/2015Announces Release Date for First Quarter 2015 Financial Resu...
4/9/2015Alacer Gold's Board Approves Advancement of Çöpler Sulfide P...
3/30/2015Appendix 1 - JORC Code Table 1
3/30/2015Alacer Gold Increases its Life-of-Mine Gold Production Profi...
2/11/2015Alacer Gold Announces 2014 Year-end Operating & Financial Re...
2/11/2015Alacer Gold Announces 2014 Year-end Operating & Financial Re...
2/2/2015Alacer Gold announces 2014 year-end operating & financial re...
1/20/2015Alacer Exceeds 2014 Production Guidance and Provides 2015 Gu...
1/20/2015Alacer exceeds 2014 production guidance and provides 2015 gu...
1/12/2015Alacer Gold Announces Çöpler Sulfide Project Development Tea...
1/12/2015Alacer Gold Announces Çöpler Sulfide Project Development Tea...
12/28/2014Alacer Gold Receives Approval of the Environmental Impact As...
12/28/2014Alacer Gold receives approval of the Environmental Impact As...
12/18/2014Alacer Gold Increases Heap Leach Pad Capacity by 14% at Çöpl...
12/18/2014Alacer Gold increases heap leach pad capacity by 14% at its ...
12/15/2014Alacer Gold Commissions Chemical Facility with SART Plant Se...
12/15/2014Alacer Gold Commissions Chemical Facility with SART Plant - ...
12/15/2014Alacer Gold Commissions Chemical Facility with Sart Plant
12/15/2014Commissions Chemical Facility with Sart Plant
10/27/2014Alacer Gold Reports 27% Increase In Gold Production At Lower...
10/27/2014Reports 27% Increase in Gold Production at Lower Costs for T...
10/14/2014Alacer Gold announces release date for third quarter 2014 fi...
9/18/2014Alacer Responds to Market Activity
7/29/2014announces results for second quarter 2014 and files NI 43-10...
7/14/2014Announces Release Date for Second Quarter 2014 Financial Res...
6/12/2014announces conference call on The Çöpler Sulfide Project Defi...
4/15/2014announces release date for first quarter 2014 financial resu...
3/12/2014announces 2013 year-end financial results and declares annua...
2/24/2014announces results of exploration in Turkey
1/27/2014announces President Howard Stevenson to resign
11/4/2013to pursue POX as sulfide ore processing method
10/24/2013Announces Approval of Australian Business Unit Sale
10/16/2013announces release date for third quarter 2013 financial resu...
8/12/2013announces leadership changes and update on Australian asset ...
7/22/2013announces release date for second quarter 2013 financial res...
6/12/2013announces decision to pursue sale of Australian assets
4/2/2013announces December 2012 Resources and Reserves statement
3/26/2013Significant Results from Alacer's Australian Exploration Pro...
2/10/2013announces completion of major strategic review
11/13/2012announces updated North American conference call time and di...
11/13/2012announces updated North American conference call time and di...
9/10/2012Çöpler Resource estimate increases by 27% or 2.2 million oun...
8/22/2011Extends Çöpler Mineralization Including 100.1m @ 4.1g/t in ...
7/4/2011RECEIVES ASX LISTING RULE WAIVERS
2/20/2011Anatolia and Avoca Resources complete merger to become Alace...
7/25/2008MR. RICHARD GRAFF NAMED TO ANATOLIA BOARD
5/9/2008ANNOUNCES PRESENTATION BY EDWARD C. DOWLING, PRESIDENT AND C...
12/20/2007CEO, Richard C, Moores, II, announces resignation for person...
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TORONTO (ASR.TO)AUSTRALIA (AQG.AX)
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