Alacer Gold Corp. announce additional positive results from the diamond drilling program for the Ardich Gold Project (the “Ardich Project” or “Ardich”). In April 2019, Alacer announced a maiden Indicated and Inferred Mineral Resource of 639koz and 96koz from the first 100 diamond core drill holes at Ardich. An additional 34 holes are reported in this release, extending the mineralized strike length to over 1,200m. The new holes are located to the west, east and southeast of the previously reported Ardich resource area. The majority of the new drill holes intersected predominantly oxide gold mineralization, many with impressive grades. Alacer is in the process of preparing an interim resource update which is expected to be released in late 2019. The objective of the ongoing exploration program is to first define, by step-out drilling, the extent of the mineralization. Once the mineralized system dimensions and geology are better understood, a more comprehensive infill drilling program will be started with the aim of defining an expanded resource and a reserve estimate. Alacer currently has 4 diamond drill rigs at Ardich with 34 holes (one abandoned hole) totaling 5,598.6m completed between April and July 2019 (AR101-AR134). These additional holes improved the west, east and southeastern extension of the gold mineralization defined by the earlier 100 diamond holes. Fourteen drill holes are located to the southeast of the known resource area and have intersected significant gold mineralization underneath barren ophiolites expanding the known mineralization about 750m to the southeast. This demonstrates possible continuation of gold mineralization to the southeast of the Ardich Project covered by ophiolites that do not have any surface geochemical signature. The main Ardich mineralization gently dips towards southeast and gets deeper due to normal faulting. Three holes were drilled further towards the southeast and indicate that the mineralization gets shallower again and continues towards the southeast. Alacer is currently drilling hole AR158 located 450m southeast of AR132 to test the continuation of gold mineralization in this direction.