AurCrest Re-Prices Financing

AurCrest Gold Inc. ("AurCrest" or the "Company") (TSX VENTURE:AGO) wishes to
announce that it is re-pricing its offering announced on December 3, 2010.


AurCrest will offer up to 10,000,000 units of the Company at a price of $0.185
per unit for gross proceeds of up to $1,850,000 (the "Offering"). Each unit (a
"Unit") will consist of one (1) common share of the Company and one-half (1/2)
share purchase warrant (each a "Warrant"). Each full Warrant will entitle the
holder to acquire an additional common share at the price of $0.30 per share for
twelve (12) months following Closing. The Company may pay finder's fees of up to
8% cash plus up to 8% Compensation Options for funds raised by eligible finders.
Each Compensation Option entitles the finder to purchase one (1) common share of
the Company at a price of $0.185 for one year from Closing.


The Company also wishes to announce that, further to its press release issued
October 22, 2010 and November 25, 2010, it has settled an aggregate of
$423,293.33 of insiders' debts owed to six (6) insiders of the Company in
consideration for the issuance of 2,257,561 common shares of the Company valued
at $0.1875 per share. The securities issued will be restricted from trading
until April 18, 2011.


The financing is subject to regulatory approval.

Cautionary Note Regarding Forward-Looking Statements: 

This Press Release contains forward-looking statements that involve risks and
uncertainties, which may cause actual results to differ materially from the
statements made. When used in this document, the words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions are intended to identify forward-looking statements. Such
statements reflect our current views with respect to future events and are
subject to such risks and uncertainties. Many factors could cause our actual
results to differ materially from the statements made, including those factors
discussed in filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties, such actual
results of current exploration programs, the general risks associated with the
mining industry, the price of gold and other metals, currency and interest rate
fluctuations, increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described herein as
intended, planned, anticipated, or expected. We do not intend and do not assume
any obligation to update these forward-looking statements, except as required by
law. Shareholders are cautioned not to put undue reliance on such
forward-looking statements.