AurCrest Gold and Blue Source sign Carbon Development & Marketing Agreement for forest carbon sequestration opportunities
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold and Blue Source sign Carbon Development &
Marketing Agreement for forest carbon sequestration opportunities
NEWS RELEASE FOR IMMEDIATE RELEASE
AUGUST 19, 2019 TSXV Symbol: AGO
BF Symbol: TM8A
Toronto, Ontario August 1 9, 2019 - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX-V:
AGO) (FRANKFURT: TM8A, WKN: A0YG1K) is pleased to announce that a Carbon Development &
Marketing Agreement (“CDMA”) has been signed between the Company and Blue Source Canada ULC
(“Bluesource”). The CDMA sets forth the terms and conditions by which the Company and Blue source
will collaborate to develop forest carbon sequestration opportunities on behalf of First Nations pursuing
their inherent stewardship role both on reserve and within their traditional territories.
As announced by the Company on May 27, 2019, three groups – Lac Seul First Nation , located in
Northwestern Ontario, AurCrest and Blue source – will work together to assess the potential of forests to
capture and sequester carbon dioxide within the First Nation’s traditional territory (the “Project”) for the
development of Greenhouse Gas (“GHG”) offsets and other potential environmental attributes, and to
explore the monetization of these offsets and attributes for the benefit of the First Na tion and its business
partners.
Bluesource has prepared for AurCrest and the First Nation an initial carbon assessment of the potential for
development of carbon offsets relating to the Project at its expense . The carbon assessment analyses the
feasibility of a forest carbon offset project for the purpose of supporting a decision by the First Nation to
pursue the opportunity.
About Bluesource
Bluesource is the leading carbon offset developer in North America and i s 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 leverages bo th 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.
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
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]
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 Regula tion 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.