AurCrest Announces Further Extension of Non-brokered Offering

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

AurCrest Announces Further Extension of Non-brokered Offering

NEWS RELEASE FOR IMMEDIATE RELEASE

JUNE 10, 2019 TSXV Symbol: AGO

Toronto,  Ontario J u n e  1 0,  2019  ‐  AurCrest  Gold  Inc.  (the  “ Company”  or  “AurCrest”)  (TSX‐V:  AGO) 

(FRANKFURT: TM8A, WKN: A0YG1K) wishes to announce that, further to its Press Release of May 13,

2019, it is extending its non-brokered private placement, origi nally announced on March 27,

2019, of up to 8,800,000 working capital units (the “ WC Units”) for up to $440,000 (the “ WC

Offering”) until June 28, 2019.

Each WC Unit is priced at $0.05 an d 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 brok er warrants (the “WC Broker

Warrants”), with each WC Broker Warrant entitling the holder to acquir e 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 acquis ition, 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. 

C h r i s t o p h e r   A n g e c o n e b       I a n   B r o d i e ‐ B r o w n  

P r e s i d e n t   a n d   C . E . O       D i r e c t o r   o f   B u s i n e s s   D e v e l o p m e n t  

(807) 737‐5353       ( 416) 844‐9969 

[email protected]      [email protected] 

2

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 limitatio n, statements regarding potent ial mineralization and resources, exploration results, and futu re 

plans and objectives of the Comp any are forward looking stateme nt s t hat  i nv ol ve var i ous r i sk s.  The fol l ow i ng ar e i mpor t ant  

f a c t o r s  t h a t  c o u l d  c a u s e  t h e  C o m p a n y ’ s  a c t u a l  r e s u l t s  t o  d i f f e r  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  associ ated  with  development,  constru ction  and  mining  operations,  the  uncertainty  of  future 

profitability and the uncertainty of access to additional capit al. There can be no assurance that forward‐looking statements w ill 

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‐lookin g 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.