AurCrest Announces Financing

AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) wishes to
announce that it will be undertaking a non-brokered flow-through unit private
placement and a non-brokered working capital unit private placement to raise
aggregate proceeds of up to $300,000 (the "Offering") to provide it with
operating and exploration capital for its Richardson Lake Property.


AurCrest is offering up to 3,000,000 working capital units of the Company at a
price of $0.05 per working capital unit, for gross proceeds of up to $150,000.
Each working capital unit (a "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.


AurCrest is also offering up to 3,000,000 flow-through units of the Company at a
price of $0.05 per flow-through unit, for gross proceeds of up to $150,000. Each
flow-through unit (a "FT Unit") consists of one flow-through common share of the
Company and one (1) non flow-through share purchase warrant (a "Warrant"). Each
full 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.


The Offering is subject to regulatory approval. It is anticipated that the
Offering will close early next week.


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