Alacer Gold Corp. announced initial drill results for the Copper Hill (Bakir Tepe in Turkish) copper ("Cu") prospect. Copper Hill is located approximately 60km northwest of Gumushane Province and 30km southwest of Kurtun town, in the Black Sea region of northeast Turkey. The initial testing of the target consisted of eight diamond drill holes totaling 3,180.8m. Seven of the eight holes intersected sulfide (chalcopyrite) copper mineralization, many with impressive grades including holes: EKD-02: 40.8m @ 0.87% Cu from 77.7m and 40.8m @ 2.66% Cu from 144.7m, including 16.7m @ 4.7% Cu from 152.9m and 8.2m @ 2.95% Cu from 174m, and 16.6m @ 0.44% Cu from 202m and 10.9m @ 0.5% Cu from 290.4m; EKD-03: 6m @ 0.39% Cu from 33m and 10.5m @ 0.2% Cu from 45m and 70.3m @ 1.66% Cu from 83.7m, including 4.4m @ 8.25% Cu from 115.3m; EKD-04: 51m @ 0.98% Cu from 13m and 6.7m @ 0.6% Cu from 120.4m and 10.3m @ 0.77% Cu from 133.4m and 45.7m @ 2.03% Cu from 158.7m, including 17.7m @ 3.99% Cu from 162.8m. The intercepts are high grade, close to surface and appear to be very low in contaminates. The drilling pattern was constrained to areas previously permitted for drilling. Alacer plans to conduct additional diamond drilling in 2020 to test the extension of the mineralization, pending approval of new drill permits and weather. Copper Hill sits within the package of exploration leases known as Kazikbeli. The Copper Hill prospect has skarn mineralization with some occurrences at surface that were mined in ancient times. These activities are evident with remnants of small excavation depressions and slag piles. The Turkish government exploration department (MTA) mapped and outlined these occurrences in 1976-78, covering approximately an area of 200m X 800m. The Copper Hill prospect is covered by subvolcanic porphyritic intermediate magmatic rocks and volcano- sedimentary unit that contains interbedded limestone. Skarn-type copper-iron occurrences (chalcopyrite- magnetite) developed along the contacts between limestone and porphyries. In the limited area where the skarn is at surface, the mineralization consists of chalcopyrite, specular-hematite and magnetite with exotic copper such as malachite. All mineralization in the drill holes reported here was primary Cu - Sulfide mineralization (chalcopyrite). MTA conducted exploration in the 1970's which included surface mapping, sampling and geophysics (Induced Polarization-IP on 18 lines totaling 28.15km). Alacer's exploration activities initiated in 2009 consisting of rock, soil sampling and 75.2km ground magnetics. In 2018 & 2019, Alacer drilled eight diamond core holes within the production permit area totaling 3,180.8m to test possible depth extension of the exposed copper Eight drill holes were completed totaling 3,180.8m. Seven of the eight holes intersected significant copper mineralization. EKD-02 and EKD-03 were collared at the same location, EKD-02 was drilled with -600 angle and EKD-03 is drilled vertically. Similarly, EKD-04 and EKD-08 were collared at the same location with EKD-06 drilled at -650 angle and EKD-08 is a vertical hole (Figure 2). The beginnings of the holes were drilled in PQ size (85cm in diameter) and predominantly continued with HQ size (63.5cm in diameter). The extent of the drilling pattern was constrained to areas previously permitted for drilling. Alacer plans additional diamond drilling to test the extension of the mineralization, pending approval of new drill permits and weather. Alacer is currently exploring and drill testing other targets at Kazikbeli. Significant results are down hole length and include: EKD-02: 40.8m @ 0.87% Cu from 77.7m and 40.8m @ 2.66% Cu from 144.7m, including 16.7m @ 4.7% Cu from 152.9m and 8.2m @ 2.95% Cu from 174m, and 16.6m @ 0.44% Cu from 202m and 10.9m @ 0.5% Cu from 290.4m; EKD-03: 6m @ 0.39% Cu from 33m and 10.5m @ 0.2% Cu from 45m and 70.3m @ 1.66% Cu from 83.7m, including 4.4m @ 8.25% Cu from 115.3m; EKD-04: 51m @ 0.98% Cu from 13m and 6.7m @ 0.6% Cu from 120.4m and 10.3m @ 0.77% Cu from 133.4m and 45.7m @ 2.03% Cu from 158.7m, including 17.7m @ 3.99% Cu from 162.8m EKD-05: 29.8m @ 0.49% Cu from 11.3m and 5.5m @ 0.99% Cu from 109.5m and 20.7m @ 1.33% Cu from 189.5m, including 2.7m @ 5.55% Cu from 191.3m; EKD-06: 10m @ 0.34% Cu from 25m and 1.5m @ 3.3% Cu from 42m and 14m @ 0.37% Cu from 88.5m and 16.8m @ 0.9% Cu from 133.5m and 19m @ 1.43% Cu from 157.6m, including 2.8m @ 5.47% Cu from 173m; EKD-08: 8.8m @ 0.38% Cu from 108m and 20.9m @ 1.63% Cu from 170.1m, including 2m @ 7.15% Cu from 181m and 1.7m @ 3.52% Cu from 188.1m. The Copper Hill drilling program started in 2018. Diamond drill core is sampled as half core at 1m intervals. The samples were submitted to ALS Global laboratories in Izmir, Turkey for sample preparation and analysis which is an ISO/IEC 7025:2005 certified and accredited laboratory. SGS laboratory, Ankara and ArgeTest laboratory, Ankara are being used to umpire check sample analysis. Copper was analyzed by four acid digestion and ICP-AES finish. For copper assays greater than or equal to 10%, aqua regia digestion with ICP- AES finish is used. Alacer's drill and geochemical samples were collected in accordance with accepted industry standards. Alacer conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks, field duplicates and umpire laboratory check assays. External review of data and processes relating to the prospect have been completed by independent Consultant Dr. Erdem Yetkin, P.Geo. in January 2020. There were no adverse material results detected and the QA/QC indicates the information collected is acceptable, and the database can be used for further studies.