BIGT.V · 2018-09-25 12:00:00

AurCrest Gold Announces First Closing of Non-brokered Offering

Financings

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

NEWS RELEASE FOR IMMEDIATE RELEASE

SEPTEMBER 25, 2018 TSXV Symbol: AGO

Toronto, Ontario September 25, 2018 - AurCrest Gold Inc. (the “ Company” or “AurCrest”) (TSX-V: AGO)

(FRANKFURT: TM8A, WKN: A0YG1K ) is pleased to announce that, further to its Press Release dated

September 18 , 2018, it has closed the first tranche of its non -brokered offering (the “ WC

Offering”) with the issuance of 450,000 working capital units (the “ WC Units”) at a price of

$0.05 per WC Unit for proceeds of $ 22,500. The securities issued are subject to a hold period

expiring on January 26, 2019.

The Company will leave the remainder of the WC Offering of up to 4,550,000 WC Units open

until at least October 10, 2018.

The Company also wishes to announce that its agreement to acquire the 2% Net Smelter Returns

Royalty on the Company’s Richardson Lake Property, originally announced on May 11, 2018,

has been further extended to October 1 0, 2018 in consideration for the payment of $5000. If the

remaining $35,000 is not paid by the extension date, the agreement will be terminated.

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 Compan y 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 wi de 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 ca pital. 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 de fined in the policies of the TSX Venture

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