Aurcrest GOLD Announces Preliminary Observations of Ranger Lake GOLD Property Drill Program

Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636

AURCREST GOLD ANNOUNCES PRELIMINARY OBSERVATIONS OF

RANGER LAKE GOLD PROPERTY DRILL PROGRAM

NEWS RELEASE FOR IMMEDIATE RELEASE

JUNE 9, 2021 TSXV Symbol: AGO

Toronto, Ontario, June 9, 2021 – AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSXV:

AGO) is pleased to announce preliminary observations from the ongoing inaugural diamond

drilling project at the Company’s Ranger Lake Gold Property, Ontario.

To date, seven (7) holes have been drilled to test overlapping Artificial Intelligence (“AI”),

Spatiotemporal Geochemical Hydrocarbon (“SGH”), and structural geology interpretations in a

previously unrecognized and under-explored region located approximately 10 kilometres east of

Balmertown, Ontario in the world class Red Lake Mining District. A total of 1,277 metres have

been drilled to date, more than double the original project design of 600 metres.

Despite fifteen (15) metres of glacial overburden and a lack of outcrop, six (6) of the seven (7)

holes have intercepted intervals with polymetallic sulphide mineralization extending from

surface to 184 metres downhole. Mineralization appears to be associated with intense biotite-

silica-carbonate alteration along an east to west-trending zone encompassing over 225 metres

laterally, remains open to the east and west and is unconstrained at depth. Foliation-parallel

sulphide stringers and veins, up to 20 centimetres in thickness and containing up to 80%

sulphides, occur in broad zones up to seven (7) metres in width along the core orientation and are

surrounded by disseminated sulphides and silica-biotite-epidote alteration.

AurCrest has submitted samples for gold and multi-element assays and will compile the

geochemical results upon receipt. The degree of alteration, consistent intercepts of mineralization

and structural interpretation of this zone is encouraging and step-out drill holes currently are

designed to further explore the geological potential of the mineralization along strike.

Greg Davison, P.Geo. (BC), a Qualified Person in accordance with Canadian regulatory

requirements as set out in National Instrument 43-101 Standards of Disclosure for Mineral

Projects, has read and approved the scientific and technical information that forms the basis for

the disclosure contained in this Press Release.

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.

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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636

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 worldwide 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.