TORONTO, ONTARIO--(Marketwire - Sept. 29, 2011) - AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) wishes to announce that it is offering up to 5,405,405 units of the Company at a price of $0.185 per unit for gross proceeds of up to $1,000,000 (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 financing is subject to regulatory approval. The proceeds of the private placement will be used for working capital and to perform work on the Company's Richardson Lake property including an IP survey, re-building the camp on the property and performing 1000 metres of drilling to test IP targets on the Discovery West area.

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