Anatolia Minerals Development Merges with Avoca Resources

Anatolia Minerals Development Limited (TSX: ANO) (ASX:AQG) and Avoca Resources Limited has announced the successful completion of the previously announced merger by which Anatolia, through a wholly-owned Australian subsidiary, acquired all of the issued and outstanding ordinary shares and options of Avoca, resulting in the creation of a new leading intermediate global gold producer now called Alacer Gold Corp.

Edward C. Dowling, Jr., the President and CEO of Alacer stated: "Tremendous work has gone into completing the Merger transaction and integrating Anatolia and Avoca over the past six months. On behalf of Alacer's Board of Directors and management team, I would like to thank all of those involved for their hard work and dedication and the continuing support from our stakeholders. We look forward to demonstrating the value and potential that we see in the new company."

The Merger was completed on the terms and conditions of a merger implementation deed dated September 8, 2010 and carried out in accordance with schemes of arrangement under Australian law. On February 1, 2011, holders of ordinary shares of Avoca and holders of options of Avoca approved the schemes of arrangement. The schemes of arrangement were subsequently approved by the Federal Court of Australia at a hearing held on February 3, 2011.

As previously announced, Anatolia received overwhelming approval from its shareholders to proceed with the Merger at a special meeting of shareholders held on January 31, 2011.

Alacer has issued an additional 135,070,307 common shares, either directly or indirectly as CHESS Depositary Interest ("CDIs"), through CHESS Depository Nominees Pty Limited, as consideration under the Merger to the former shareholders of Avoca (based on an exchange ratio of 0.4453 shares in Alacer for each Avoca share held). As of February 18, 2011, there are 274,370,576 common shares in Alacer issued and outstanding.  Common shares of Alacer will now trade on the Australian Securities Exchange (as CDIs) under the symbol "AQG" as well as on the Toronto Stock Exchange under the TSX symbol "ASR". Avoca is now a wholly-owned subsidiary of Anatolia Australia. Trading of Avoca ordinary shares [ASX: AVO] on the ASX ceased on February 4, 2011. Alacer CDIs will commence trading on the ASX on a normal settlement basis on February 21, 2011.