Alacer Gold announces changes to the Board

TORONTO, Aug. 24, 2011 /CNW/ --
TORONTO, Aug. 24, 2011 /CNW/ - Alacer Gold Corp ('Alacer' or the
'Company') [TSX:ASR, ASX:AQG] announces effective immediately that
Robert G. Reynolds has resigned as Chairman and from the Board of
Alacer Gold Corp and has been replaced by Timothy Haddon. Mr. Haddon
was Chairman of Anatolia Minerals Development Limited prior to the
merger with Avoca Resources Limited on February 18, 2011 and continued
as a Non-Executive Director of Alacer.

Edward Dowling, President and CEO of Alacer stated 'Rob Reynolds was
Chairman of Avoca and led its development since 2002. Over the past
year, he has been integral in the creation of Alacer Gold
and throughout the recent integration process. We sincerely thank him
for his efforts and dedication over the last 10 years.  Mr. Haddon has
vast experience in leading mining enterprises and has been a director
with Anatolia Minerals since 1998.'

Tim Haddon stated 'On behalf of the Board and shareholders, I'd like to
thank Rob for his many years of service with Avoca Resources and his
seminal contribution during these pivotal first months of Alacer Gold.'

About Alacer

Alacer is a leading intermediate gold company with operations in both
Australia and Turkey.

Australia


Alacer has three operating gold mines in Australia, namely the
Higginsville and South Kalgoorlie operations; and a 49% interest in the
Frog's Leg underground mine. The South Kalgoorlie operations and the
Frog's Leg interest were acquired following the successful takeover of
Dioro Exploration NL, which was completed in March 2010. The Australian
operations are targeting 280,000 ounces of gold in 2011.

Turkey


Alacer is recognized as a leader in exploration and development in
Turkey and, with the start-up of Çöpler, will soon be among Turkey's
leading gold producers. Çöpler is 95% owned by Alacer and 5% by Lidya
Mining (formerly known as Çalık Mining, see Anatolia News Release,
August 13, 2009). Initial plans at Çöpler are to produce approximately
1.42 million leachable ounces of gold at costs consistent with the
lower end of industry standards. Average annual production is expected
to be about 175,000 gold ounces. Additional production expansion from
the sulfide gold reserve is expected to add 2.25 million ounces. A
detailed feasibility study is underway. In addition, Alacer holds a
significant pipeline of prospective gold and base metal projects.

Alacer Gold currently has 278.0 million common shares issued and
outstanding, 297.1 million fully diluted.

Cautionary Statements

Certain statements contained in this report 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
relate to this report and other matters identified in Alacer's public
filings, 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
and include, but are not limited in any manner to, those with respect
to proposed exploration, communications with local stakeholders and
community relations, status of negotiations of joint ventures,
commodity prices, mineral resources, mineral reserves, realization of
mineral reserves, existence or realization of mineral resource
estimates, the timing and amount of future production, timing of
studies and analysis, the timing of construction of the 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, economic, legal, social, regulatory and political factors
that may influence future events or conditions. Such forward-looking
statements are based on a number of material factors and assumptions,
including, but not limited in any manner, those disclosed in any other
Alacer 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 or the Company and the
ultimate ability to mine, process and sell mineral products on
economically favorable terms. While we consider these assumptions to be
reasonable based on information currently available to us, they may
prove to be incorrect. Actual results may vary from such
forward-looking information for a variety of reasons, including but not
limited to risks and uncertainties disclosed in other Alacer 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.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/24/c5843.html

Edward Dowling or Lisa Maestas - North America at 1-303-292-1299
Rohan Williams - Australia at 618-9226-0625
Roger Howe - Australia at 61-405-419-139