Aurcrest GOLD Announces Identification of 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 IDENTIFICATION OF HIGH-PRIORITY EXPLORATION TARGETS AT

RANGER LAKE GOLD PROPERTY

NEWS RELEASE FOR IMMEDIATE RELEASE

SEPTEMBER 16, 2020 TSXV Symbol: AGO

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

is pleased to announce that the proprietary CARDS AI data (the “Data”) acquired from Windfall Geotek

Inc. (“Windfall”), as announced on September 2, 2020, has identified high-priority targets within the

Ranger Lake Gold Property cell claim fabric that the Company is planning to investigate during the Fall of

2020 with a preliminary geochemical survey program, to build guidance for a drill program anticipated

for the Winter of 2021. 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 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 Company has paid CDN$15,000 and issued 300,000 common shares to Windfall pursuant to the

Data Acquisition Agreement referred to in the September 2, 2020 Press Release. The shares are subject

to a hold period expiring on January 16, 2021. A further CDN$25,000 will be paid and a further 400,000

common shares will be issued to Windfall if the Company drills one of the high priority targets identified

by the Data within two years of the signing the Data Acquisition Agreement.

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]

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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 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.