Istanbul, Turkey, 24 November 2015 – Alacer Gold signs a USD 250 million project finance facility for the expansion of the Copler Gold Mine located in Turkey's Erzincan province.

"This is one of Turkey's largest project finance deals in the mining industry. The facility will help Alacer Gold and Anagold advance the Copler sulfide project, extending the life of the Copler gold mine. After years of stability, the Turkish mining industry has experienced rapid growth in revenues and profit over the last 10 years and is expected to maintain sustained growth and healthy profitability in the coming decade. This transaction will definitely contribute to the growth of Turkey's mining industry, and we are proud to have advised the investor," commented Partner Muhsin Keskin.

A team of lawyers from Esin Attorney Partnership, a member firm of Baker & McKenzie International, advised Anagold Madencilik Sanayi ve Ticaret A.S. as the borrower, and Alacer Gold Corp. and Alacer Gold Madencilik A.S. in regards to a USD 250,000,000 senior secured project facility with BNP Paribas (Suisse) SA, ING Bank A.S. and Societe Generale Corporate & Investment Banking for the expansion of the Copler Gold Mine in eastern Turkey.

The deal was led by Partner Muhsin Keskin with support from Senior Associate Gul Incesulu and Associate Deniz Erden in Istanbul.  

Rod Antal, Alacer's President and Chief Executive Officer, stated, "The facility represents yet another step forward in de-risking the Sulfide Project and further strengthens Alacer's balance sheet enabling increased flexibility to advance growth. We are extremely pleased to have closed the agreement on very competitive terms with this lending syndicate."

About Esin Attorney Partnership

Esin Attorney Partnership has long been a leading provider of legal services in the Turkish market. Today, as a member firm of Baker & McKenzie, our team of nine partners and more than 60 lawyers is an integral part of a seamless global network. Our Banking & Finance team is experienced in advising on project finance, trade and export finance, acquisition finance, syndicated lending, securitization, restructuring and insolvency, and other banking and finance matters. The team was recently ranked in Tier 2 of IFLR 1000's Banking & Finance Turkey publication after positive feedback from clients.

About Baker & McKenzie

Founded in 1949, Baker & McKenzie advises many of the world's most dynamic and successful business organizations through more than 11,000 people in 77 offices in 47 countries. The Firm is known for its global perspective, deep understanding of the local language and culture of business, uncompromising commitment to excellence, and world-class fluency in its client service. Global revenues for the fiscal year ended 30 June 2015, were US$2.43 billion. Eduardo Leite is Chairman of the Executive Committee.

About Alacer Gold

Alacer is a leading intermediate gold mining company, with an 80% interest in the world-class Copler 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. Alacer Gold continues to pursue opportunities to further expand its current operating base to become a sustainable multi-mine producer with a focus on Turkey. The Corporation's primary focus is to maximize portfolio value, maximize free cash flow, minimize project risk and, therefore, create maximum value for shareholders.

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