Alacer Corporate P: 303-292-1299 7001 E. Belleview Ave., Suite 800 Denver, Colorado 80237 www.AlacerGold.com April 3, 2019 It was brought to our attention that there was a typographical error in Table 22.11 on page 323-324 of the Gediktepe NI 43-101 Technical Report filed on April 3, 2019. The attached Gediktepe NI 43-101 Technical Report corrects this error. This notice is an integral component of the Gediktepe 2019 Prefeasibility Study (PFS19) and should be read in its entirety and must accompany every copy made of this report (the Technical Report). The Technical Report has been prepared using the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Technical Report has been prepared for Alacer Gold Corp. (Alacer) by OreWin Pty Ltd (OreWin). The Technical Report is based on information and data supplied to OreWin by Alacer and other parties and where necessary OreWin has assumed that the supplied data and information are accurate and complete. The conclusions and estimates stated in the Technical Report are to the accuracy stated in the Technical Report only and rely on assumptions stated in the Technical Report. The results of further work may indicate that the conclusions, estimates and assumptions in the Technical Report need to be revised or reviewed. OreWin has used its experience and industry expertise to produce the estimates and approximations in the Technical Report. Where OreWin has made those estimates and approximations, it does not warrant the accuracy of those amounts and it should also be noted that all estimates and approximations contained in the Technical Report will be prone to fluctuations with time and changing industry circumstances. The Technical Report should be construed in light of the methodology, procedures, and techniques used in its preparation. Sections or parts of the Technical Report should not be read or removed from their original context. The Technical Report is intended to be used by Alacer, subject to the terms and conditions of its contract with OreWin. Recognising that Alacer has legal and regulatory obligations, OreWin has consented to the filing of the Technical Report with Canadian Securities Administrators and its System for Electronic Document Analysis and Retrieval (SEDAR). Except for the purposes legislated under provincial securities laws, any other use of this report by any third party is at that party's sole risk. Project Name: Gediktepe Title: Gediktepe 2019 Prefeasibility Study Location: Balıkesir Province, Turkey Effective Date of Technical Report: 26 March 2019 Effective Date of Mineral Resources: 5 March 2019 Effective Date of Drilling Database: 21 March 2018 Effective Date of Mineral Reserves: 5 March 2019 Qualified Persons: • Bernard Peters, BEng (Mining), FAusIMM (201743), employed by OreWin Pty Ltd as Technical Director – Mining, was responsible for the overall preparation, mining and, the Mineral Reserve estimates in Sections: 1.1, 1.2, 1.6, 1.7, 1.10, 1.11; 2; 3; 4; 5; 15; 16; 19; 20; 21.1, 21.2.13, 21.3.1, 21.3.3; 22; 23; 24; 25; 26, 26.2, 27. • Sharron Sylvester, BSc (Geology), MAIG, RPGeo (10125), employed by OreWin Pty Ltd as Technical Director – Geology, was responsible for Mineral Resources in Sections: 1.3 to 1.5, 1.11; 2; 3; 6 to 12; 14; 25; 26.1; 27. • Peter Allen, BEng (Metallurgy), MAusIMM (CP 103637), employed by GR Engineering Services as Manager – Technical Services, was responsible for process plant and infrastructure in Sections: 1.8, 1.9,1.11; 2; 3; 13; 17; 18; 21.2.1 to 21.2.12, 21.2.14, 21.3.2; 25; 26.3, 26.4; 27. 18018GediktepePFS190331A_FINAL.docx ii Project Name: Gediktepe Title: Gediktepe 2019 Prefeasibility Study Location: Balıkesir Province, Turkey Effective Date of Technical Report: 26 March 2019 Effective Date of Mineral Resources: 5 March 2019 Effective Date of Drilling Database: 21 March 2018 Effective Date of Mineral Reserves: 5 March 2019 /s Bernard Peters Date of Signing: 26 March 2019 Bernard Peters, BEng (Mining), FAusIMM (201743), employed by OreWin Pty Ltd as Technical Director – Mining /s Sharron Sylvester Date of Signing: 26 March 2019 Sharron Sylvester, BSc (Geology), MAIG, RPGeo (10125), employed by OreWin Pty Ltd as Technical Director – Geology /s Peter Allen Date of Signing: 26 March 2019 Peter Allen, BEng (Metallurgy), MAusIMM (CP 103637), employed by GR Engineering Services as Manager – Technical Services 18018GediktepePFS190331A_FINAL.docx iii 1 SUMMARY .............................................................................................................................................. 1 1.1 Introduction .............................................................................................................................. 1 1.2 Property Description and Ownership .................................................................................. 2 1.3 Geology and Mineralisation ................................................................................................. 3 1.3.1 Geology ................................................................................................................................ 3 1.3.2 Mineralisation....................................................................................................................... 4 1.4 Status of Exploration, Development, and Operations ..................................................... 4 1.4.1 PFS19 Drillhole Dataset ....................................................................................................... 5 1.5 Mineral Resources ................................................................................................................... 6 1.6 Mineral Reserves ..................................................................................................................... 7 1.7 Mining Methods....................................................................................................................... 7 1.8 Recovery Methods ............................................................................................................... 11 1.9 Site Infrastructure .................................................................................................................. 14 1.10 Financial Results .................................................................................................................... 14 1.11 Conclusions and Recommendations ............................................................................... 19 2 INTRODUCTION................................................................................................................................... 22 3 RELIANCE ON OTHER EXPERTS ......................................................................................................... 24 3.1 Mineral Tenure ....................................................................................................................... 24 3.2 Surface Rights ........................................................................................................................ 24 3.3 Market Studies and Contracts ........................................................................................... 24 3.4 Environmental and Work Programme Permitting ........................................................... 24 3.5 Taxation and Royalties ......................................................................................................... 25 4 PROPERTY DESCRIPTION AND LOCATION ..................................................................................... 26 4.1 Project Ownership ................................................................................................................ 26 4.2 Royalties or Encumbrances ................................................................................................ 27 5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, AND PHYSIOGRAPHY ...... 28 5.1 Location and Access ........................................................................................................... 28 5.2 Climate ................................................................................................................................... 31 5.3 Local Resources .................................................................................................................... 31 5.4 Infrastructure .......................................................................................................................... 32 5.5 Physiography ......................................................................................................................... 32 6 HISTORY ................................................................................................................................................ 34 7 GEOLOGICAL SETTING AND MINERALISATION ............................................................................. 36 18018GediktepePFS190331A_FINAL.docx iv 7.1 Regional Geology................................................................................................................. 36 7.2 Deposit Geology ................................................................................................................... 38 7.2.1 Dacite and Pyroclastics (Lower–Middle Miocene) .................................................... 40 7.2.2 Calcschist (Upper Paleozoic) ......................................................................................... 42 7.2.3 Quartz–Feldspar Schist (Upper Paleozoic) ................................................................... 42
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