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Aurcrest GOLD Announces Expansion of Red Lake Mining District GOLD Properties

Mergers & Acquisitions

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

AURCREST GOLD ANNOUNCES EXPANSION OF RED LAKE MINING DISTRICT GOLD PROPERTIES

NEWS RELEASE FOR IMMEDIATE RELEASE

SEPTEMBER 8, 2020 TSXV Symbol: AGO

Toronto, Ontario, September 8, 2020 - AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V: AGO) is

pleased to announce the acquisition of two further groups of claim cell units at the Company’s Ranger

Lake Gold Property and the Ranger East Gold Property, adding 10 cells and 17 cells to the Properties

respectively, to better provide coverage for the area’s regional geology. The Ranger Lake Gold Property

now comprises 60 cells with an area of approximately 1,220 hectares and the Ranger East Gold Property

comprises 67 cells with an area of approximately 1,360 hectares, both of which are within the world-

famous Red Lake Mining District east of Balmertown ON.

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.

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,

Ranger 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.