AurCrest Gold and Lac Seul First Nation to jointly investigate carbon sequestration opportunities
Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 · Tel: (807) 737-5353
AurCrest Gold and Lac Seul First Nation to jointly investigate
carbon sequestration opportunities
NEWS RELEASE FOR IMMEDIATE RELEASE
MAY 7, 2019 TSXV Symbol: AGO
BF Symbol: TM8A
Toronto, Ontario May 7, 2019 - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX-V: AGO)
(FRANKFURT: TM8A, WKN: A0YG1K ) is pleased to announce that the Company has initiated work
with the Lac Seul First Nation (“Lac Seul”) to investigate carbon sequestration opportunities in the First
Nation’s traditional territory in Northwestern Ontario.
Lac Seul has enacted a Band Council Resolution to explore the feasibility of valuing their traditional
territory for purposes of capturing and sequestering carbon dioxide and monetizing carbon offset credits
for sale to the benefit of the First Nation and its business partners. AurCrest, and the Company’s
subsidiary corporation Wiigwaasaatig Energy Inc. (“Wiigwaasaatig”), will work with the First Nation to
finalize the terms of a definitive carbon credit manage ment agreement to develop and implement
sequestration project opportunities. AurCrest and Wiigwaasaatig will further engage industry experts to
work alongside the First Nation in investigating these project opportunities, an d together with Lac Seul
will extend invitations to participate to other regional First Nations.
“As a member of the Lac Seul First Nation, I am proud that the Lac Seul Chief and Council have chosen
to work with AurCrest and Wiigwaasaatig, through the Company’s model of participation and inclusion
with our First Nations neighbour communities, in turning the historic understanding of the role of
indigenous people as stewards of the land into a modern model of indigenous-led environmental and
community sustainability,” stated Christopher Angeconeb, AurCrest President and CEO.
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 regardi ng 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 materiall y 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.