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To: Goose94 who wrote (19233)

6/24/2016 10:23:18 AM

From: Goose94

Read Replies (1) | Respond to of 203329

Alacer Gold (ASR-T) June 24, '16 as previously announced the Corporation has been pursuing a hedging program for a portion of its oxide gold production as part of it’s de-risking efforts. The Corporation has sold 160,000 ounces of forward gold contracts at $1,273 per ounce for the period from July 2016 to September 2018. Hedging a portion of the oxide production is a prudent strategy that secures gold price during the construction of the Sulfide Project. Revenue from gold production during this period will be used to fund the sulfide plant construction costs.


Hedging Contracts
Quarter Ending	Ounces
September 30, 2016	21,236
December 31, 2016	27,927
March 31, 2017	14,836
June 30, 2017	12,219
September 30, 2017	20,945
December 31, 2017	24,436
March 31, 2018	21,819
June 30, 2018	10,473
September 30, 2018	6,109
TOTAL	160,000

The Corporation continues to assess opportunities to hedge additional gold production.

About Alacer

Alacer is a leading intermediate gold mining company, with an 80% interest in the world-class Çöpler Gold Mine in Turkey operated by Anagold Madencilik Sanayi ve Ticaret A.S. (“Anagold”), and the remaining 20% owned by Lidya Madencilik Sanayi ve Ticaret A.S. The Corporation’s primary focus is to leverage its cornerstone Çöpler Mine and strong balance sheet 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 continues to advance. All required land use permits for the Heap Leach Pad Phase 4 expansion have been received. The Corporation continues to evaluate opportunities to optimize and extend oxide production beyond the current reserves, including a new heap leach pad site to the west of the Çöpler Mine.

Çöpler Sulfide Project – the Sulfide Project will deliver long-term growth with robust financial returns and adds over 20 years of production at Çöpler. The Sulfide Project will bring Çöpler’s remaining life-of-mine gold production to 4 million ounces1 at All-in Sustaining Costs2 averaging $645 per ounce. The Environmental Impact Assessment and all required land use permits for construction have been approved. Detailed information regarding the Çöpler Sulfide Project can be found in the Press Release dated May 12, 2016 entitled “Alacer Gold Announces Çöpler Sulfide Project Approval” (“The Sulfide Project Update Press Release”) available on SEDAR at www.sedar.com and on the Corporation’s website.

The Corporation continues to pursue opportunities to further expand its current operating base and to become a sustainable multi-mine producer with a focus on Turkey. The systematic and focused exploration efforts in the Çöpler District, as well as in other regions of Turkey are progressing. Yakuplu Southeast, Yakuplu East, Yakuplu North and Bayramdere are the main focus in the Çöpler District, which are shallow, oxide targets with favorable metallurgy and have the potential for rapid development. In the region, evaluation work is advancing and an update on the Dursunbey Project in western Turkey will be provided in Q3 2016.

Alacer is a Canadian corporation incorporated in the Yukon Territory with its primary listing on the Toronto Stock Exchange. The Corporation also has a secondary listing on the Australian Securities Exchange where CDIs trade.

1 Alacer has an 80% controlling interest of the Çöpler Gold Mine.

2 All-in Sustaining Costs is a non-IFRS financial performance measure and has no standardized definitions under IFRS. For further information and detailed reconciliation, please see the “Non-IFRS Measures” section of the MD&A for three months ended March 31, 2016.

For further information on
Alacer Gold Corp., please contact: Lisa Maestas – Director, Investor Relations at
+1-303-292-1299