(via Thenewswire.ca)

AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX-V: AGO) wishes to announce that it is offering up to 6,250,000 working capital units ("WC Units") of the Company at a price of $0.08 per WC Unit for gross proceeds of up to $500,000 and up to 5,000,000 flow-through shares ("FT Shares") at a price of $0.10 per FT Share (the "Offering"). Each WC Unit will consist of one (1) common share of the Company and one (1) share purchase warrant (each a "Warrant"). Each Warrant will entitle the holder to acquire an additional common share at the price of $0.15 per share for twelve (12) months following the closing of the Offering. The Company may pay finder's fees of up to 7% 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 $0.15 for twelve (12) months from the closing of the Offering.

The private placement is subject to regulatory approval. The proceeds of the private placement will be used to assist in the ongoing drill program at Richardson Lake which is recommending immediately to follow up the Gold discovery in hole RL 12-07 announced in the Company's press release of April 30, 2012.

Insiders of the Company may subscribe for up to $100,000 of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the insiders does not exceed 25% of its market capitalization.

FOR FURTHER INFORMATION PLEASE CONTACT:

AurCrest Gold Inc.

Ian Brodie-Brown

President and C.E.O.

(416) 368-2929

(416) 601-1450 (FAX)

info@aurcrestgold.com

www.aurcrestgold.com