AurCrest Announces Closing of First Tranche of Financing

AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) wishes to
announce that it has closed the first tranche of the non-brokered private
placement announced in its Press Release dated April 16, 2014. The Company
placed 1,300,000 working capital units (each a "WC Unit") for proceeds of
$65,000 and 1,300,000 flow-through units (each a "FT Unit") for proceeds of
$65,000.


Each WC Unit consists of one common share of the Company and one (1) share
purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to
acquire an additional common share for five (5) years from the closing of the
Offering at a price of $0.05 per Common Share. Each FT Unit consists of one
flow-through common share of the Company and one (1) non flow-through share
purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire an
additional common share for five (5) years from the closing of the Offering at a
price of $0.05 per Common Share.


Securities issued under this tranche are subject to a hold period expiring on
August 26, 2014.


The Company will leave the Offering open.

About AurCrest Gold Inc.

AurCrest Gold 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. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AurCrest Gold Inc.
Ian Brodie-Brown
President and C.E.O.
[phone]
[e-mail]
www.aurcrestgold.com