BIGT.V · 2019-01-25 12:00:00

AurCrest Announces Extension of Non-brokered Offering

Financings

Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353

NEWS RELEASE FOR IMMEDIATE RELEASE

JANUARY 25, 2019 TSXV Symbol: AGO

Toronto, Ontario January 25, 201 9 - AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V: AGO)

(FRANKFURT: TM8A, WKN: A0YG1K) wishes to announce that it is extending its non-brokered private

placement, announced on December 10, 2018, of up to 4,900,000 working capital units (the

“WC Units ”) for up to $245,000 (the “WC Offering ”) for a further thirty (30) days. The

Company raised $5000 through the placement of 100,000 WC Units on December 14, 2018. The

securities issued are subject to a hold period expiring April 15, 2019.

Each WC Unit is priced at $0.05 and consists of one (1) common share and one (1) common

share purchase warrant (“WC Warrant”). Each WC Warrant entitles the holder to purchase one

(1) common share (a “WC Warrant Share”) at a price of $0.075 per WC Warrant Share for a

period of until three (3) years following the closing of the WC Offering (the “Closing Date”).

Eligible Finders may receive up to 7% of the value of proceeds of the sale of WC Units in cash

and up to 8% of the number of WC Units sold in the form of broker warrants (the “WC Broker

Warrants”), with each WC Broker Warrant entitling the holder to acquire one (1) WC Unit at a price of

$0.05 for a period of three (3) years from the Closing Date.

The funds from the WC Offering will be used to provide the Company with working capital.

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.

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

Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353

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.