AurCrest Gold announces commencement of the initial field sampling at high-priority exploration targets at Ranger Lake Gold Property

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

AurCrest Gold announces commencement of the initial field

sampling at high-priority exploration targets at Ranger Lake Gold

Property

NEWS RELEASE FOR IMMEDIATE RELEASE

NOVEMBER 16, 2020 TSXV Symbol: AGO

Toronto, Ontario, November 16, 2020 - AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V:

AGO) is pleased to announce the commencement of a soil sampling program at the Company’s Ranger

Lake Gold Property, intended to test targets identified through recent data acquisition. The Ranger Lake

Gold Property consists of 60 single cell claims covering approximately 1,220 hectares east of Balmertown

ON, held 100% by the Company.

The Company has chosen to utilize Activation Laboratories Ltd. (“ActLabs”) Spatiotemporal

Geochemical Hydrocarbons (“SGH”) exploration geochemistry analytical services to provide further

delineation of gold targets previously identified by the proprietary CARDS AI data acquired from

Windfall Geotek Inc. (“Windfall”) (TSX-V: WIN), as announced by the Company on September 2, 2020.

The SGH soil sampling and analysis will build further guidance for a drill program anticipated for Winter

2021.

The SGH process is capable of analyzing soil, rock and core (after milling), peat, vegetation, fully

submerged lake sediments and even snow from a very wide variety of climates. Furthermore, an SGH

survey is unique in geochemistry as it can use a mixture of different sample types in the same survey,

with no requirement for data leveling for samples taken in swampy conditions (i.e. Humus samples) to

samples of till or soil from drier areas.

The CARDS AI data has been developed by Windfall’s multidisciplinary team that includes professionals

in geophysics, geology, Artificial Intelligence, and mathematics. The data combines available public and

private datasets including geophysical, drill hole and surface data, and the algorithms designed and

employed by Windfall are calculated to highlight areas of interest that have the potential to be

geologically similar to other gold deposits and mineralization. The CARDS AI data indicates that the

Company’s Ranger Lake Gold Property encompasses several high priority gold targets.

AurCrest Gold is a leader in the First Nations advancement into shared participation and inclusion in the

regional mining opportunities and counts as its board of directors and management, past and present,

many indigenous business and cultural leaders. AurCrest is proud to play a leading role in the gold

exploration of Northwestern Ontario, especially in the Birch-Uchi Greenstone Belt and the Red Lake

mining district, as it forges new business relationships between Canada’s founding cultures.

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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 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.