(via Thenewswire.ca)

JUNE 5, 2012 TSXV Symbol: AGO

AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX-V: AGO) is pleased to provide additional new information on its recently announced gold discovery (April 30th News Release) at its 100% owned Richardson Lake gold property based upon the compilation and interpretation of results of the recent exploration program and completion of the exploration report by the Company's project geologist. In summary, eight NQ holes totaling 1,636 metres were diamond drilled from December, 2011 to March, 2012. The drilling was designed to test geological trends and follow-up on IP high chargeability anomalies indentified during the summer of 2011 to the west of the historic main gold bearing zone on the property. During the program, an orientated core device was successfully used on several holes to recover information on vein geometry and structural fabric in the rocks being tested. In addition to the drilling, low lake water levels, warm temperatures and lack of winter snow enabled the collection of numerous surface rock samples over recently burned ground.

Four drill holes RL-12-001, -003, -005, and -007 intersected zones of quartz veins hosting pyrite and arsenopyrite mineralization containing significant gold contents. The holes are located sequentially 200, 300, 400 and 700 metres west of the known historic gold zone (originally named "Discovery Zone"). Holes RL-12-003 and RL-12-007 intersected the best mineralization with grades of 10 metres of 1.4 g/t and 9.5 metres of 1.34 g/t in -003, plus 15 metres of 1.83 g/t, including 4.0 metres of 6.0 g/t, including 3.0 metres of 7.4 g/t in -007 (previously discussed in the AurCrest April 30 and February 22 News Releases). In conjunction with these results, grab surface samples continued to produce consistently anomalous gold values with high grades of up to 14.3 g/t Au along a similar westerly trend as the aforementioned drilling results. In summary, these findings support the presence of a significant zone of gold mineralization trending westerly along the north shore of Richardson Lake open to the west and situated along the contact between airborne magnetic high and low anomalies.

Observations of drill core as well as surface outcrop indicate gold mineralized pyrite-arsenopyrite bearing quartz-carbonate veins exhibit deformation, shattering and displacement along shear planes. Structural information from the orientated core device indicates that a large number of quartz and carbonate veins strike northwest and dip steeply to the northeast. In contrast, auriferous arsenopyrite-quartz veins in the vicinity of the gold intersection in Hole RL-12-005 have a similar northwest strike but dip shallowly to the southeast instead along the magnetic high-low contact. Quartz-pyrite veins in RL-12-007 are steeper with a more northerly strike. These structures are coincident to the strike of the axial plane of the fold nose defined by the airborne magnetic high anomaly located in the same area as the recently announced gold intersection in hole RL-12-007 and further to the west for another 500 metres. In summary, this favourable magnetic feature is approximately 1.5 km long and 200 metres wide and it is believed from these preliminary exploration results to represent a significant potential host for gold mineralization. This feature continues to the west beyond the boundary of the airborne geophysical survey completed by AurCrest, and remains on AurCrest property.

It has also been observed that an outcrop on the north side of Richardson Lake, recently exposed from a forest fire and supported by this program's core logging, has a large portion of "granodiorite" named in historic maps which exhibit textural characteristics similar to a metamorphosed plagioclase pebble conglomerate. Previously named "metavolcanic" or "metabasalt" rocks are likely fine-grained meta-greywackes. Previous workers dismissed the possibility of gold mineralization in these rocks. However, these observations open up a large area of the property for exploration, particularly to the west of Hole RL-12-007 which was scarred by extensive forest fires during 2011 from Richardson Lake to Mink Lake 10 kms to the west.

AurCrest is planning a spring/summer field program to follow-up on its success from the winter exploration. The forest fires that swept through the region last summer will make prospecting in previously difficult areas more easily accessible. As announced in the April 30th News Release, the Company intends to send prospecting teams to cover the ground on its claim holdings from the Richardson Lake discovery to the Mink Lake area. AurCrest will carry out ground based and bore-hole geophysical surveys local to the newly discovered outcrop and Hole RL-12-007. There is currently a drill on site and follow-up drilling of the new discovery is of the highest priority.

The Richardson Lake property is located 10 kms north of Gold Canyon's Springpole Lake discovery and 110 kms east north east of Red Lake, Ontario.

Trevor Boyd, PGeo, Vice-President of Exploration, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this press release in compliance with National Instrument 43-101.

FOR FURTHER INFORMATION PLEASE CONTACT:

-AurCrest Gold Inc.

-Ian Brodie-Brown

-President and C.E.O.

-(416) 368-2929

-(416) 601-1450 (FAX)

-info@aurcrestgold.com

-www.aurcrestgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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