AurCrest Gold stakes 654 claims in the East Red Lake Mining District, Ontario

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

AurCrest Gold stakes 654 claims in the East Red Lake Mining

District, Ontario

NEWS RELEASE FOR IMMEDIATE RELEASE

MAY 3, 2021 TSXV Symbol: AGO

Toronto, Ontario, May 3, 2021 - AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V:

AGO) wishes to announce it has staked a further 654 claims or approximately 13,210 additional

hectares in the East Red Lake Gold Camp.

The newly staked "Dancing Man" property is located 20 km east of the Company's active Ranger

Lake project and extends Company holdings a further 20 km east to adjoin the "Golden

Sidewalk" district of the Birch-Uchi metamorphic belt. This acquisition will be integrated into

the Company’s Summer 2021 field program.

AurCrest Gold is also pleased to inform shareholders that the site preparatory activities for the

much-anticipated Ranger Lake drill program have been completed, and that drilling is expected

to commence later this week.

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]

2

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.