AurCrest Gold and Blue Source Canada sign Letter of Intent to investigate Carbon Sequestration Opportunities
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold and Blue Source Canada sign Letter of Intent to
investigate Carbon Sequestration Opportunities
NEWS RELEASE FOR IMMEDIATE RELEASE
MAY 27, 2019 TSXV Symbol: AGO
BF Symbol: TM8A
Toronto, Ontario May 27, 2019 - AurCrest Gold Inc. (the “ Company” or “AurCrest”) (TSX-V: AGO)
(FRANKFURT: TM8A, WKN: A0YG1K) is pleased to announce that a Letter of Intent has been signed
between the Company and Blue Source Canada ULC (“ Bluesource”). The Letter of Intent outlines t he
joint invest igation of the forest carbon sequestration opportunities in the Lac Seul First Nation’s
traditional territory in Northwestern Ontario, as previously announced by the Company on May 7th 2019.
Bluesource is the leading carbon offset developer in North Americ a and is recognized as such by clients
and industry peers in the Environmental Finance rankings. It has a particularly strong track record in
developing forest carbon projects for landowners and indigenous communities across North America .
Bluesource lever ages both its technical capacity and transactional capability in carbon markets to help
forest owners evaluate opportunities and generate value in diverse carbon markets by developing and
monetizing offsets on their behalf.
The three groups – Lac Seul Fir st Nation, AurCrest, and Blue source – will work together to explore the
feasibility of valuing the First Nation’s traditional territory for purposes of capturing and sequestering
carbon dioxide and monetizing carbon offset credits for sale to the benefit of the First Na tion and its
business partners.
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
[email protected] [email protected]
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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 r esources, 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 expr essed 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 uncert ainty 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.