Alacer Gold Announces Results of Annual and Special Meeting of Shareholders

TORONTO, July 9, 2015 /CNW/ - Alacer Gold Corp. ("Alacer" or the "Corporation") [TSX: ASR and ASX: AQG] is pleased to announce the results of its 2015 Annual and Special Meeting of Shareholders (the "Meeting") held on June 10, 2015 in Denver, Colorado.

All matters presented for approval at the Meeting by management were duly authorized and approved, as follows:

Detailed voting results (according to proxies received and a vote by show of hands) regarding the election of directors are as follows:

Further details on the above matters are set forth in the Corporation's meeting materials, including the Corporation's Management Information Circular dated May 7, 2015, which are accessible under the Corporation's issuer profile on SEDAR at www.sedar.com. The Corporation has also filed a report of voting results on all resolutions voted on at the Meeting on SEDAR at www.sedar.com.

About Alacer Gold

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. owned 80% by Alacer and 20% by Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya Mining"). 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 oxide production beyond the current reserves.
  
  
• Çöpler Sulfide Project – the Corporation is moving into detailed engineering with procurement of long-lead time items progressively during 2015. The Project will deliver medium-term growth with robust financial returns and adds an additional 22 years of production. The Environmental Impact Assessment was approved in December 2014, and land use permits have progressed through the regulatory process and are awaiting final approval.  Receipt of land use permits is required to begin Project construction.  The Project is on track for commissioning at the end of 2017. The Sulfide Project will bring Çöpler Life-of-Mine gold production to 3.9 million ounces at industry low All-in Sustaining Costs¹ averaging $637 per ounce as detailed in the updated Technical Report.
  
  
• Alacer continues to pursue numerous high-potential exploration projects in Turkey in various joint ventures with the Company's Turkish partner Lidya Mining.

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¹ 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 March 30, 2015.

SOURCE Alacer Gold Corp.