Alacer Gold announces changes to its Board of Directors

 TORONTO, June 30, 2014 /CNW/ - Alacer Gold Corp. ("Alacer" or the  "Corporation") [TSX: ASR and ASX: AQG] announced today that Jan A. Castro has  tendered his resignation from the Board of Directors (the "Board"), effective  immediately. The Board has begun a process to appoint a new independent  director to join the Corporation's Board and has engaged an independent third  party to assist with the identification and evalution process.  Mr. Edward Dowling, Chairman of the Board, commented, "On behalf of the Board  and Alacer's shareholders, I would like to thank Jan for his service as a  Non-Executive Director of the Corporation. Jan has served on the Board for  over 7 years and has been an integral part of the development of the Çöpler  project from an exploration venture into one of the lowest cost gold mines in  the world that will deliver high margin ounces for the next 20 years. We wish  him continued success and the best of luck in his future endeavors."  Mr. Jan Castro commented, "I would like to congratulate Rod and his team for  the tremendous strides that Alacer has made over the past year.  With the  release of the DFS and the ongoing team strengthening, the company is now well  positioned for its next phase of growth as one of the industry's lowest cost  gold producers.  I wish the company and team the very best success as they  deliver on this exciting opportunity."  About Alacer  Alacer Gold Corp. is a leading intermediate gold mining company and its  world-class operation is the 80% owned Çöpler Gold Mine in Turkey. Alacer  also has 11 active exploration projects in Turkey which are joint ventures  with our Turkish partner Lidya Mining.  During 2013, Çöpler produced 216,850 attributable(1) ounces at an All-In  Costs(2) of $864 per ounce.        (1)          Alacer has an 80% controlling                  interest at Çöpler.     (2)          All-in Costs is a non-IFRS                  financial performance measures                  with no standardized definition                  under IFRS. For further                  information and detailed                  reconciliations, see the "Non-                  IFRS Measures" section of the MD&A                  for the quarter ended March 31,                  2014.  Çöpler is currently an open-pit, heap-leach operation that is producing gold  from oxide ore. In June 2014 a Definitive Feasibility Study was completed on  treatment of sulfide ore via pressure oxidation. The Company's Board of  Directors approved proceeding to the next stage of sulfide development and  commencing basic engineering, further optimization studies and obtaining  necessary permits.  First production from sulfide ore is expected at the end  of 2017.  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 news release, production, cost and  capital expenditure guidance; development plans for processing sulfide ore at  Çöpler; amount of contained ounces in sulfide ore; 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 resource 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 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.    SOURCE  Alacer Gold Corp.  on Alacer Gold Corp., please contact: Lisa Maestas - Director of Investor  Relations - North America at 1-303-292-1299; Roger Howe - Director of Investor  Relations - Australia at 61-2-9953-2470  To view this news release in HTML formatting, please use the following URL:  CO: Alacer Gold Corp. ST: Ontario NI: MNG 2575 WNEWS  
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