Alacer Gold announces decision to pursue sale of Australian assets

Alacer Gold announces decision to pursue sale of Australian assets 
TORONTO, June 12, 2013 /CNW/ - Alacer Gold Corp. ("Alacer") [TSX: ASR and ASX: 
AQG] announces today that it has initiated a process to pursue a sale of its 
Australian assets. 
Mr. David Quinlivan, President and Chief Executive Officer of Alacer stated, 
"Alacer has recently received confidential, non-binding expressions of 
interest from several parties interested in purchasing its Australian assets. 
The sale of the Australian assets would enable the company to focus on its 
high margin operations and exploration activities at its world class Çöpler 
Mine in Turkey." 
The timing and outcome of any sale is uncertain. Alacer will keep the market 
informed of material developments. 
About Alacer 
Alacer is a leading mid-tier gold producer with mines and processing 
facilities in Turkey and Australia: 


    --  80% interest in the Çöpler Gold Mine;
    --  100% interest in the Higginsville Gold Operations; and
    --  100% interest in the South Kalgoorlie Gold Operations.

Alacer's primary focus is to maximize portfolio value, maximize free cash 
flow, minimize project risk, and returning value to shareholders. Alacer is 
committed to responsibly developing its current operations and focused 
exploration programs creating value.

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, the ability of Alacer to sell its Australian assets; the sale of 
Alacer's Australian assets and the proceeds from such sale being realized; 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 resource 
estimates; the development approach, the timing and amount of future 
production, timing of studies and analyses, the timing of construction and 
development of proposed mines and process facilities; capital and operating 
expenditures; economic conditions; availability of sufficient financing; 
exploration plans 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 targets; timing and 
ability to produce studies and analyses; 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.

For further information on Alacer Gold Corp., please contact: Lisa Maestas - 
North America at +1-303-292-1299 Roger Howe - Australia at +61-2-9953-2470 
Candice Sgroi - Director of External Relations: +61 8 9226 0625/+61 419  705 
986

SOURCE: Alacer Gold Corp.

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CO: Alacer Gold Corp.
ST: Ontario
NI: MNG PCS 

-0- Jun/12/2013 20:30 GMT


 
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