AurCrest Announces Resignation of Russell Wesley as a Director

TORONTO, March 1, 2019 - AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX-V: AGO) (FRANKFURT: TM8A, WKN: A0YG1K) wishes to announce that Mr. Russell Wesley has resigned as a Director of the Company. Mr. Wesley will be focusing on his work with indigenous education.

Christopher Angeconeb, President and CEO, states, "Mr. Wesley is a highly-regarded community leader and policy-maker in the indigenous landscape of Ontario, and an invaluable resource to the shareholders, Board, and management of this Company. Therefore, the Company will retain Mr. Wesley in a consultancy capacity when and as needed, to ensure that his unique wealth of knowledge, experience and understanding of the indigenous viewpoint toward governance and economic development is available to the Company and our shareholders."

About AurCrest Gold Inc.

AurCrest 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.

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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.

SOURCE: AurCrest Gold Inc.