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AurCrest Gold signs Mineral Claim Staking Agreement with Lac Seul First Nation

Mergers & Acquisitions Property Options & Staking

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

AurCrest Gold signs Mineral Claim Staking Agreement

with Lac Seul First Nation

NEWS RELEASE FOR IMMEDIATE RELEASE

DECEMBER 22, 2017 TSXV Symbol: AGO

Toronto, Ontario December 22, 2017 - AurCrest Gold Inc. (the “ Company” or “AurCrest”) (TSX-V: AGO)

(FRANKFURT: TM8A, WKN: A0YG1K ) is pleased to announce the signing of a significant mineral claim

staking agreement with the Lac Seul First Nation, the second such agreement for the Company, to

support and assist the staking of mineral claims within the traditional territory of the Lac Seul First

Nation for purposes of opening future resource development opportunities.

“I am pleased that the ongoing relationship building efforts of AurCrest Gold with our local First Nations

has resulted in the signing of this second milestone agreement for the Company, this time building on

the traditional and historic knowledge of the Lac Seul membership to expand th e opportunities to the

mineral development industry in Northwestern Ontario,” said President & CEO Christopher Angeconeb.

“Our approach toward reconciliation with First Nations has focused on inclusion of and partnership with

the First Nations proximal to our claim holdings and areas of activity , and this expands the involvement

of the Company with the First Nation of which I am a member . By continuing to move beyond

consultation and accommodation, the Company hopes to foster an environment of socioeconomic

growth and wealth generation for our local First Nations and their memberships, while growing

Company shareholder value.”

AurCrest’s Richardson Lake property in Northwestern Ontario lies approximately 120km north of the Lac

Seul First Nation , a large reserve with approximately 1,000 residents living in three on -reserve

communities and a membership of approximately 3,800 . The First Nation has been a shareholder of the

Company since 2011.

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.

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

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 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.