AurCrest Gold Launches New Website and Extends Brokered Private Placement Financing

Toronto, Ontario (FSCwire) - AurCrest Gold Inc. (the Company or AurCrest) (TSX-V: AGO) is pleased to announce that the Companys new website, found at www.aurcrest.ca (http://www.aurcrest.ca), has been launched and incorporates a new investor presentation outlining the Companys current status, exploration plans and commitment to First Nation participation and sustainable energy initiatives.

Under the direction of new President & CEO Christopher C. J. Angeconeb, the Company seeks to consolidate its position in the Birch-Uchi subprovince in the Red Lake Gold District of Northwestern Ontario, and resume active exploration of previously identified gold discoveries and target anomalies at the Companys Richardson Lake and Western Fold gold properties. As previously announced, the Company has retained IBK Capital Corp. (the IBK Capital) for a period of 2 years to act as its Financial Advisor to, among other things, seek a buyer for the Companys Richardson Lake property or locate a suitable party to option or joint venture the property. IBK Capital will be paid a fee of 5% of the value of any transaction consummated during the term of its engagement.

At this point in time, AurCrest is actively engaged with the First Nations near the Richardson Lake / Western Fold properties for mutual collaboration on the development of regional infrastructure, economic activity and exploration activities being planned for the Companys holdings. In 2011 and 2012, AurCrest received financing from the Lac Seul First Nation community.

The Company also wishes to announce that it is extending the closing of its brokered private placement (the Offering), announced on February 27, 2017, for thirty (30) days. The Company is up to 4,000,000 working capital units (the WC Units) of the Company at a price of $0.05 per WC Unit for up to $200,000 to provide the Company with working capital. The Offering is being led on a best efforts basis by IBK Capital. The Company announced the closing of the first tranche of 1,000,000 WC Units for $50,000 on March 3, 2017.

Each WC Unit consists of one (1) common share of the Company priced at $0.05 per common share and one (1) common share purchase warrant (each a WC Warrant), with each WC Warrant entitling the holder to acquire one (1) common share until five (5) years from the closing of the Offering at a price of $0.05.

The Company has agreed to pay IBK Capital a commission of 9% cash and issue broker warrants (Broker Warrants) equal to 10% of the number of WC Units sold under the Offering. Each Broker Warrant entitles the holder to acquire a WC Unit for five (5) years from Closing at a price of $0.05 per Broker Warrant.

All securities to be issued pursuant to the above-referenced private placement will be subject to a statutory four month hold period.

About IBK Capital Corp.

IBK Capital is an independent and privately owned investment banking firm which offers a full range of financial advisory services. Such services include private placements of equity and debt, going public by way of reverse take-over, merger, acquisition and divestiture advisory services, valuations, fairness opinions and take-over defence planning. The Firms corporate objective is to provide the highest quality independent financial advisory services to its clients.

About AurCrest Gold Inc.

AurCrest is a mineral exploration company focused on the acquisition, exploration, and development of gold properties. AurCrest has a portfolio of properties in Ontario, which include the Richardson Lake and Bridget Lake gold properties.

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Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Companys actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. AurCrest un dertakes no obligation to update such forward-looking statements if circumstances or managements estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

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.

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Source: AurCrest Gold Inc. (TSX Venture:AGO)

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