BIGT.V · 2017-03-03 12:00:00

AurCrest Gold appoints Chris Angeconeb as President & CEO

Management Changes

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

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 Chris Angeconeb, Executive Vice President and Director, has accepted the

role of President and Chief Executive Officer of the Company. This role, effective immediately,

represents a culmination of the Company’s long-standing Management and Board policy toward growing

a positive and progressive cultural relationship between the mineral exploration and development industry

and Aboriginal communities and governments.

Christopher Clayton James A ngeconeb, a member of the Lac Seul First Nation in the Grand Council

Treaty #3 area of Northwestern Ontario, possesses a strong understanding of the interrelated issues facing

many First Nations, of the requirements of many of the agencies involved with Ab original affairs, and of

the practical implementation of the Crown’s duty to consult and accommodate. Chris will now be setting

the direction of the Company, focusing on exploration and expansion of Company holdings as an active

participant to the socioeco nomic development of our neighbouring Aboriginal communities. Chris will

also continue to serve as President of Wiigwaasaatig Energy Inc., the renewable energy subsidiary of the

Company tasked with partnering with local First Nations to develop the infrastructure necessary to sustain

mineral industry activities.

The Board of Directors would like to thank outgoing President and CEO Ian Brodie -Brown for his years

of service and dedication to the Company and his many efforts to foster a strong First Nations presence in

the Canadian resource sector . Ian will continue to be an active participant on the Company’s Board,

taking on the role of Director of Business Development.

About AurCrest Gold Inc.

AurCrest is a mineral exploration company focused on the acquis ition, 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

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.