Aurcrest’S Subsidiary, BIG Tree Carbon Assists Adpl with Development of Carbon Offsetting as Part of Forest Management Plan
Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
AURCREST’S SUBSIDIARY, BIG TREE CARBON ASSISTS ADPL WITH
DEVELOPMENT OF CARBON OFFSETTING AS PART OF FOREST
MANAGEMENT PLAN
NEWS RELEASE FOR IMMEDIATE RELEASE
MARCH 1, 2022 TSXV Symbol: AGO
Toronto, Ontario, March 1, 2022 – AurCrest Gold Inc. (the “Company” or “AurCrest”)
(TSX:AGO) is pleased to announce that Big Tree Carbon Corp. (“BigTree”), the Company’s
wholly-owned subsidiary, has assisted Agoke Development Limited Partnership (“ADLP”) in
the authoring of an ADLP business plan for submission to the Ontario government to secure
renewal of a management license for the Ogoki Forest management unit. Big Tree, in
furtherance of its business arrangement with ADPL, has provided, amongst other input, a letter
of support to develop the Carbon Offsetting as a segment of the forest management and revenue
generation. This is the first time ADLP has proposed including Carbon Offsetting as a
component of their business plan.
Big Tree entered into an arrangement with ADLP in November of 2021 (see press release dated
November 8, 2021).
Big Tree has together with ADLP (representing a business venture of the Aroland, Eabametoong,
and Marten Falls First Nations) advanced the process to recognize and develop the inherent
benefit of modern forest management and utilization of the sequestration benefits of the Great
Boreal Forest. This plan will be in keeping with more traditional Anishinaabe understanding of
healthy forest management practices and will develop this exciting new segment of the forest
resource management business.
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, Ranger Lake and Bridget Lake gold properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
AurCrest Gold Inc.
Christopher Angeconeb Ian Brodie-Brown
President and C.E.O. Director of Business Development
(807) 737-5353 (416) 844-9969
[email protected] [email protected]
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
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
Company’s 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 undertakes no obligation to
update such forward-looking statements if circumstances or management’s 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.