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,

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 
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CO: Alacer Gold Corp.
ST: Ontario
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-0- Jun/30/2014 01:20 GMT
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