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Last updated on April 21, 2014 at 7:52 EDT

Alacer achieves strongest quarterly production of the year of 103,426 attributable ounces

January 17, 2013

TORONTO, Jan. 17, 2013 /CNW/ - Alacer Gold Corp. (“Alacer” or the “Company”) [TSX: ASR] and [ASX: AQG] today announced fourth quarter 2012 mine production for its operations
in Turkey and Australia. Fourth quarter 2012 financial statements and
the related management’s discussion and analysis are planned to be
released on or about March 13, 2013 (North America) and March 14, 2013
(Australia).


Fourth Quarter 2012 Highlights

     __________________________________________________________________
    |Mine                         |    |    Q4 2012    |     2012      |
    |                             |    |Gold Production|Gold Production|
    |_____________________________|____|_______________|_______________|
    |Copler (100%)                |(oz)|      52,137   |      188,756  |
    |_____________________________|____|_______________|_______________|
    |Higginsville                 |(oz)|      35,774   |      136,687  |
    |_____________________________|____|_______________|_______________|
    |SKO (incl. 49% of Frog's Leg)|(oz)|      25,942   |      94,046   |
    |_____________________________|____|_______________|_______________|
    |Total                        |(oz)|      113,853  |      419,489  |
    |_____________________________|____|_______________|_______________|
    |Total (Alacer attributable1) |(oz)|      103,426  |      381,738  |
    |_____________________________|____|_______________|_______________|
        --  Attributable gold production of 103,426 ounces achieved for the
            quarter and attributable gold sold totalled 95,986 ounces for
            the quarter.
        --  Copler gold production increased to 52,137 ounces for the
            quarter as the revised mining plan delivered more ore tonnes at
            an improved grade.
        --  Higginsville gold production increased to 35,774 ounces for the
            quarter as the head grade increased to 3.6g/t gold with the
            Trident underground mine contributing 243,516 tonnes at 4.2g/t
            gold.
        --  South Kalgoorlie Operations ("SKO") continued to perform as
            planned with 25,942 ounces produced during the quarter. The
            Triumph open pit was completed during the quarter

David Quinlivan, President and CEO of Alacer, stated “Our mines had a strong finish to 2012 with our attributable gold
production increasing to 103,426 ounces for Q4 2012, a 12,475 ounces
(14%) increase over the previous quarter. Despite a challenging start
to the year, the strong fourth quarter enabled the Company to
substantially meet full-year production guidance on an aggregate
basis.”

The Company is in the process of finalizing its gold production and cost
guidance for 2013, including its strategic plan for the business. The
Company expects to make an announcement concerning these key matters in
February 2013, which will include an update regarding the Company’s
Copler Sulfide Feasibility Study and the possibility of constructing an
oxide mill at Copler.

___________________________

(1)Attributable gold production reflects Alacer’s 80% ownership of Copler.

Operations

Copler Gold Mine

     _______________________________________________________________________
    |Copler Gold Mine     |    Q1   |    Q2   |    Q3   |    Q4   |   2012  |
    |                     |   2012  |   2012  |   2012  |   2012  |         |
    |_____________________|_________|_________|_________|_________|_________|
    |Ore treated |        |1,776,559|1,618,228|1,747,816|1,935,124|7,077,727|
    |(100%)      |(tonnes)|         |         |         |         |         |
    |____________|________|_________|_________|_________|_________|_________|
    |Head grade  |  (g/t) |     1.69|     1.67|     1.55|     1.69|     1.65|
    |____________|________|_________|_________|_________|_________|_________|
    |Recovery1   |   (%)  |    57.9%|    57.3%|    61.1%|    59.5%|    58.9%|
    |____________|________|_________|_________|_________|_________|_________|
    |Total gold  |        |   44,564|   51,212|   40,843|   52,137|  188,756|
    |produced    |        |         |         |         |         |         |
    |(100%)      |   (oz) |         |         |         |         |         |
    |____________|________|_________|_________|_________|_________|_________|
    |Alacer      |        |      80%|      80%|      80%|      80%|      80%|
    |ownership   |   (%)  |         |         |         |         |         |
    |____________|________|_________|_________|_________|_________|_________|
    |Attributable|        |   35,651|   40,970|   32,674|   41,710|  151,005|
    |gold        |        |         |         |         |         |         |
    |produced    |   (oz) |         |         |         |         |         |
    |____________|________|_________|_________|_________|_________|_________|

    1Gold recovery rate is indicative of the modelled recovery of ore
    placed on the heap-leach pad during
    the respective period presented.
        --  Attributable Copler gold production increased to 41,710 ounces
            for the quarter (Q3 attributable: 32,674 ounces) as the revised
            mining plan delivered more ore tonnes at an improved grade.
        --  Gold production was less than forecast due to limitations on
            crushing/agglomerating high-grade clayey ore and the mined
            grade being lower than planned on one level in the Manganese
            pit.
        --  During the quarter, ore was mined from the Manganese open pit
            (1,323,058 tonnes), the Marble open pit (485,989 tonnes) and
            the Main open pits (256,633 tonnes) with total 130,556 tonnes
            of sulfide ore stockpiled.
        --  A total of 1,329,308 tonnes of ore at 2.0g/t gold were crushed
            and stacked on the leach pad during the quarter (Q3: 1,110,774
            tonnes crushed at 2.0g/t). Ore crushed and stacked during the
            month of December totaled 455,705 tonnes at 2.6g/t gold.
        --  Run-of-mine ore placed directly on the heap-leach pad totaled
            605,815 tonnes at 1.0g/t gold (Q3: 637,042 tonnes at 0.8g/t).

Higginsville Gold Operations (100% owned)

     ________________________________________________________________
    |   Higginsville Gold  |   Q1  |   Q2  |   Q3  |   Q4  |   2012  |
    |       Operations     |  2012 |  2012 |  2012 |  2012 |         |
    |______________________|_______|_______|_______|_______|_________|
    |Ore treated  |(tonnes)|332,299|345,134|355,554|324,353|1,357,340|
    |_____________|________|_______|_______|_______|_______|_________|
    |Head grade   |  (g/t) |   3.23|   3.26|   2.92|   3.56|     3.23|
    |_____________|________|_______|_______|_______|_______|_________|
    |Recovery     |   (%)  |  96.5%|  97.3%|  96.9%|  96.4%|    97.0%|
    |_____________|________|_______|_______|_______|_______|_________|
    |Gold produced|   (oz) | 33,329| 35,227| 32,357| 35,774|  136,687|
    |_____________|________|_______|_______|_______|_______|_________|
        --  Gold production from Higginsville Gold Operations increased to
            35,774 ounces of gold for the quarter (Q3: 32,357 ounces), due
            to improved grades mined at the Trident and Chalice underground
            mines.
        --  Significant rainfall events in late November and early December
            restricted the haulage of ore from Chalice to the Higginsville
            processing plant and resulted in tonnes processed during Q4
            being less than Q3. Stockpiled ore at December 31, 2012
            totalled 46,480 tonnes at 2.9g/t gold, containing 4,348 ounces.
        --  Ore mined from Trident totalled 243,516 tonnes (Q3: 241,214
            tonnes) at 4.2g/t gold for the quarter (Q3: 3.5g/t). The
            increased Trident grade was due to mining higher grade stopes
            in the Athena and Apollo Lodes as planned.
        --  The Trident decline reached the 615mRL at the end of the
            quarter, with the first ore from the Helios and Artemis Lodes
            expected in mid-2013 on the 585mRL and 605mRL, respectively.
        --  Ore mined from Chalice totalled 80,188 tonnes (Q3: 25,288
            tonnes) at 2.5g/t gold for the quarter (Q3: 2.1g/t). The
            increased Chalice grade is associated with the commencement of
            stoping in the Atlas Lode as planned.
        --  The Chalice decline reached the 1,026mRL at the end of the
            quarter. The first development ore from the Grampians Lode was
            mined during the quarter and the first development ore from the
            Olympus Lode is expected in mid-2013 on the 1,014mRL.

South Kalgoorlie Operations (100% owned except for 49% interest in
Frog’s Leg Mine)

     __________________________________________________________________
    |SKO                     |   Q1  |   Q2  |   Q3  |   Q4  |         |
    |(including 49% of Frog's|  2012 |  2012 |  2012 |  2012 |   2012  |
    |Leg)                    |       |       |       |       |         |
    |________________________|_______|_______|_______|_______|_________|
    |Ore treated  | (tonnes) |325,626|333,959|327,452|324,629|1,311,666|
    |_____________|__________|_______|_______|_______|_______|_________|
    |Head grade   |   (g/t)  |   2.36|   2.02|   2.67|   2.69|     2.43|
    |_____________|__________|_______|_______|_______|_______|_________|
    |Recovery     |     (%)  |  90.7%|  91.0%|  92.2%|  92.2%|     91.6|
    |_____________|__________|_______|_______|_______|_______|_________|
    |Gold produced|    (oz)  | 22,397| 19,787| 25,920| 25,942|   94,046|
    |_____________|__________|_______|_______|_______|_______|_________|
        --  Gold production from South Kalgoorlie Operations ("SKO") was
            steady at 25,942 ounces for the quarter (Q3: 25,920 ounces).
        --  Alacer's 49% share of gold production from processing Frog's
            Leg ore was 14,526 ounces for the quarter (Q3: 14,666 ounces),
            with lower tonnes processed 82,041 tonnes (Q3: 97,209 tonnes)
            partially offset by a higher grade of 6.0g/t gold (Q3: 5.1g/t).
        --  Gold production from processing South Kalgoorlie open-pit ore
            increased slightly to 11,416 gold ounces (Q3: 11,254 ounces),
            as a result of processing a higher tonnage of 242,588 tonnes
            (Q3: 230,243 tonnes) at a lower grade of 1.6g/t gold (Q3:
            1.7g/t).
        --  Ore mined from the Triumph and Pernatty open pits totalled
            168,800 tonnes at 1.6g/t gold (Q3: 228,595 tonnes at 1. 8g/t)
            during the quarter. The lower tonnage mined during the quarter
            reflects the completion of the Triumph open pit in early
            November.
        --  SKO now has only one active open-pit mining fleet at Pernatty.
            Mining of the Pernatty open pit is planned to be completed in
            Q1 2013 with mining then moving to SBS28 area.

Fourth Quarter and Full-Year Financial Results

The financial statements and management discussion and analysis for the
fourth quarter and full-year are planned to be released on or about
March 13 (North America) and March 14 (Australia). Conference call
details will be advised in due course.

Fourth Quarter 2012 Production Statistics

     ________________________________________________________________________________
    |            |        |         |            |        SKO   |          |         |
    |____________|________|_________|____________|______________|__________|_________|
    |            |        |  Copler |Higginsville|Frog's| Other |  South   |  Alacer |
    |            |        |         |            | Leg  |       |Kalgoorlie|   Gold  |
    |            |        |         |            |(49%) |       |Operations|   Total |
    |            |        |         |            |      |       |  Total   |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |U/G ore     |(tonnes)|        -|     323,704|95,010|      -|    95,010|  418,714|
    |mined       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |U/G mined   |  (g/t) |        -|        3.80|  6.98|      -|      6.98|     4.52|
    |grade       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |U/G mined   |(ounces)|        -|      39,592|21,316|      -|    21,316|   60,908|
    |ounces      |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |O/P ore     |(tonnes)|2,065,680|           -|     -|168,800|   168,800|2,234,480|
    |mined       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |O/P waste   |(tonnes)|5,563,273|           -|     -|936,130|   936,130|6,499,403|
    |mined       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |O/P mined   |  (g/t) |     1.83|           -|     -|   1.63|      1.63|     1.81|
    |grade       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |O/P ounces  |(ounces)|  121,541|           -|     -|  8,824|     8,824|  130,365|
    |mined       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |Total tonnes|(tonnes)|2,065,680|     323,704|95,010|168,800|   263,810|2,653,194|
    |mined       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |Total mined |  (g/t) |     1.83|        3.80|  6.98|   1.63|      3.55|     2.24|
    |grade       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |Total mined |(ounces)|  121,541|      39,592|21,316|  8,824|    30,140|  191,273|
    |ounces      |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |Ore treated |(tonnes)|1,935,124|     324,353|82,041|242,588|   324,629|2,584,106|
    |____________|________|_________|____________|______|_______|__________|_________|
    |Head grade  |  (g/t) |     1.69|        3.56|  5.99|   1.58|      2.69|     2.05|
    |____________|________|_________|____________|______|_______|__________|_________|
    |Recovery1 & |   (%)  |     59.5|        96.4|  91.9|   92.6|      92.2|      N/M|
    |2           |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |Gold        |   (oz) |   52,137|      35,774|14,526| 11,416|    25,942|  113,853|
    |produced 3  |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |Gold sold   |   (oz) |   52,041|      32,029|11,936| 10,388|    22,324|  106,394|
    |____________|________|_________|____________|______|_______|__________|_________|
    |Attributable|   (oz) |   41,710|      35,774|14,526| 11,416|    25,942|  103,426|
    |gold        |        |         |            |      |       |          |         |
    |produced4   |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|
    |Attributable|   (oz) |   41,633|      32,029|11,936| 10,388|    22,324|   95,986|
    |gold        |        |         |            |      |       |          |         |
    |sold4       |        |         |            |      |       |          |         |
    |____________|________|_________|____________|______|_______|__________|_________|

——————————

(1) For Copler, recovery rate is indicative of the modeled recovery of ore
placed on the heap leach pad during the respective quarter.

(2) “N/M” means not meaningful for consolidated results.

(3) Gold produced is ounces poured plus net change of gold in circuit for
Australian mines. Gold produced is ounces poured only at Copler.

(4) Attributable reflects Alacer 80% ownership of Copler.

Full-Year Production Statistics (January to December 2012)

     ______________________________________________________________________________________
    |            |        |          |            |           SKO    |          |          |
    |____________|________|__________|____________|__________________|__________|__________|
    |            |        |    Copler|Higginsville|Frog's |   Other  |  South   |   Alacer |
    |            |        |          |            |  Leg  |          |Kalgoorlie|    Gold  |
    |            |        |          |            | (49%) |          |Operations|   Total  |
    |            |        |          |            |       |          |  Total   |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |U/G ore     |(tonnes)|         -|   1,100,544|331,855|         -|   331,855| 1,432,399|
    |mined       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |U/G mined   |  (g/t) |         -|        3.78|   6.00|         -|      6.00|      4.30|
    |grade       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |U/G mined   |(ounces)|         -|     133,795| 64,006|         -|    64,006|   197,801|
    |ounces      |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |O/P ore     |(tonnes)| 7,226,245|      27,104|      -|   716,983|   716,983| 7,970,332|
    |mined       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |O/P waste   |(tonnes)|18,071,316|     947,822|      -|10,335,370|10,335,370|29,354,508|
    |mined       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |O/P mined   |  (g/t) |      1.68|        3.80|      -|      1.55|      1.55|      1.67|
    |grade       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |O/P ounces  |(ounces)|   389,413|       3,308|      -|    35,808|    35,808|   428,529|
    |mined       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Total ore   |(tonnes)| 7,226,245|   1,127,648|331,855|   716,983| 1,048,838| 9,402,731|
    |mined       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Total mined |  (g/t) |      1.68|        3.78|   6.00|      1.55|      2.96|      2.07|
    |grade       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Total mined |(ounces)|   389,413|     137,103| 64,006|    35,808|    99,814|   626,330|
    |ounces      |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Ore treated |(tonnes)| 7,077,727|   1,357,340|342,354|   969,312| 1,311,666| 9,746,733|
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Head grade  |  (g/t) |      1.65|        3.23|   5.30|      1.42|      2.43|      1.98|
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Recovery1 & |   (%)  |      58.9|        97.0|   91.9|      91.3|      91.6|       N/M|
    |2           |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Gold        |   (oz) |   188,756|     136,687| 53,640|    40,406|    94,046|   419,489|
    |produced3   |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Gold sold   |   (oz) |   202,851|     135,604| 52,699|    40,229|    92,928|   431,383|
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Attributable|   (oz) |   151,005|     136,687| 53,640|    40,406|    94,046|   381,738|
    |gold        |        |          |            |       |          |          |          |
    |produced4   |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|
    |Attributable|   (oz) |   162,281|     135,604| 52,699|    40,229|    92,928|   390,813|
    |gold        |        |          |            |       |          |          |          |
    |sold4       |        |          |            |       |          |          |          |
    |____________|________|__________|____________|_______|__________|__________|__________|

Notes

In this announcement:

        --  All production statistics are on a 100% basis except where
            otherwise noted.
        --  All $'s are US$'s except where otherwise noted.
        --  All ounces are troy ounces of gold.

——————————

(1) For Copler, recovery rate is indicative of the modeled recovery of ore
placed on the heap leach pad during the year.

(2) “N/M” means not meaningful for consolidated results.

(3) Gold produced is ounces poured plus net change of gold in circuit for
Australian mines. Gold produced is ounces poured only at Copler.

(4) Attributable reflects Alacer 80% ownership of Copler.

About Alacer

Alacer Gold Corp. is a leading intermediate gold mining company with
interests in multiple mines which provide ore to three processing
facilities in Australia and Turkey:

        --  80% interest in the Copler Gold Mine;
        --  100% interest in the Higginsville Gold Operations;
        --  100% interest in the South Kalgoorlie Gold Operations; and
        --  49% interest in the Frog's Leg Gold Mine.

Alacer’s operations produced a total of 381,738 attributable ounces of
gold during 2012.

Alacer Gold is executing a growth strategy through the use of cash flows
to grow production and cash margins to generate strong capital returns.
While the primary objective is organic growth, the Company also
identifies and evaluates strategic transactions that will add
shareholder 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”, “likely”, “forecast”, “projects”, “predict”, “potential”,
“continue” or other similar expressions concerning matters that are not
historical facts.

Forward-looking information includes, but is not limited in any manner
to, statements concerning, among other things, matters relating to
proposed exploration, communications with local stakeholders and
community relations, status of negotiations of joint ventures, weather
conditions at our operations, 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 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 factors
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 exploration results and the ability to explore, the ultimate
determination of mineral reserves, availability and final receipt of
required approvals, titles, licenses and permits, sufficient working
capital to develop and operate the mines, access to adequate services
and supplies, commodity prices, ability to meet production targets,
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, lack of legal challenges with
respect to the property of Alacer and the ultimate ability to mine,
process and sell mineral products on economically favorable terms.
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.

SOURCE ALACER GOLD CORP.


Source: PR Newswire