SSR Mining and Alacer Gold are pleased to announce the successful completion of the previously announced merger of equals transaction (the “Transaction”) following the receipt of all regulatory approvals and the satisfaction of all closing conditions. Pursuant to a plan of arrangement (the “Arrangement”) under the Business Corporations Act (Yukon), each of the issued and outstanding common shares of Alacer have been exchanged for 0.3246 of an SSR Mining common share. As a result of the Arrangement, Alacer has become a wholly owned subsidiary of SSR Mining. At the close of market yesterday, SSR Mining had a pro forma market capitalization of approximately US$5 billion, with one of the strongest balance sheets and free cash flow profiles in the gold sector.

As previously announced, the newly constituted board of directors is comprised of five directors from each of the previous SSR Mining and Alacer boards for a total of 10 directors, including the CEO. Effective immediately, the SSR Mining board consists of Michael Anglin as Chairman, Rod Antal, Thomas Bates, Brian Booth, Edward Dowling, Simon Fish, Alan Krusi, Beverlee Park, Kay Priestly and Elizabeth Wademan.

Regarding the executive team, Rod Antal holds the position of President & CEO of SSR Mining and the executive team includes:

Stewart Beckman, EVP, Chief Operating Officer
F. Edward Farid, EVP, Chief Corporate Development Officer
Gregory Martin, EVP, Chief Financial Officer
Michael Sparks, EVP, Chief Legal & Administrative Officer
SSR Mining common shares continue trading under the ticker SSRM on the Toronto Stock Exchange (“TSX”) and Nasdaq Global Select Market (“NASDAQ”), and SSR Mining CHESS Depositary Interests (“CDIs”) are expected to begin trading on the Australian Securities Exchange (“ASX”) on a deferred settlement basis at 12pm on Thursday, September 17, 2020 (AEST) as SSR. Alacer CDIs ceased trading on the ASX at the close of trading on Monday, September 14, 2020. Alacer is expected to be delisted from the TSX on or about Friday, September 18, 2020 (EST) and from the ASX no later than Wednesday, September 23, 2020 (AEST).