February 14, 2020, Toronto: Alacer Gold Corp. (“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] is pleased to announce drill results for the Mavialtin Porphyry Belt (Mavialtin). Mavialtin is a structural corridor approximately 6‐7km wide and extending over approximately 20km from Alacer’s producing Çakmaktepe Mine to the Mavidere porphyry deposit. Mavialtin hosts at least four areas of porphyry gold copper mineralization, namely Mavidere, Findiklidere, Saridere and Aslantepe (Figure Building off historical exploration work1 , Alacer remapped, reinterpreted and then drilled an additional sixteen diamond drill holes reported here (nine in Mavidere, five in Findiklidere and two in Aslantepe). The drilled holes confirmed and extended the known extent of mineralization in Mavidere, Findiklidere and Aslantepe. The tested porphyries are at or close to surface, with mineralization typical of porphyries and appear to be low in other metals and arsenic. Notable hole intercepts for each of the drilled porphyries from the 2018 & 2019 drilling campaign include: