AurCrest Gold announces first closing of brokered private placement

Suite 3600, 22 Adelaide Street West, Toronto, Ontario M5H 4E3 Tel: 416-844-9969

AurCrest Gold announces first closing of brokered private

placement

NEWS RELEASE FOR IMMEDIATE RELEASE

MARCH 3, 2017 TSXV Symbol: AGO

Toronto, Ontario March 3, 2017 - AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V: AGO)

is pleased to announce that, further to its press release of February 27, 2017, the Company has closed

the first tranche of its brokered private placement (the “ Offering”) with the sale of 1,000,000 working

capital units (the “ WC Units”) of the Company at a price of $0.05 per WC Unit for a gross proceeds of

$50,000. A cash commission of $4,500 and 100,000 broker warrants were paid to the Agent with

respect to the closing of the first tranche of the Offering. The securities issued are subject to a hold

period expiring on July 4, 2017.

The Company will leave the remainder of the Offering of up to 4,000,000 WC Units open until March 30,

2017.

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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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 o bjectives 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 operatio ns, 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 Provi der (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.