BIGT.V · 2019-09-27 12:00:00

AurCrest Gold announces closing of final tranche of non-brokered private placement

Financings

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

AurCrest Gold announces closing of final tranche of non-brokered

private placement

NEWS RELEASE FOR IMMEDIATE RELEASE

SEPTEMBER 27, 2019 TSXV Symbol: AGO

BF Symbol: TM8A

Toronto, Ontario September 27, 2019 - AurCrest Gold Inc. (the “ Company” or “ AurCrest”) (TSX-V:

AGO) (FRANKFURT: TM8A, WKN: A0YG1K) is pleased to announce the closing of the final tranche

of the non -brokered private placement announced on September 17, 2019 with the sale of the

remaining 500,000 working capital units (the “WC Units”) for $25,000. The securities issued are

subject to a hold period expiring on January 28, 2020.

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 $0.05 per WC Warrant Share for a

period of three (3) years following closing.

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 fut ure

plans and objectives of the Company are forward looking st atements 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 comm odities, 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 a ssurance 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 circumst ances 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.

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