AURCREST ANNOUNCES PROPOSED OFFERING OF UP TO $1,000,000

NEWS RELEASE                                                                      FOR IMMEDIATE RELEASE

SEPTEMBER 6, 2012                                                                                  TSXV Symbol: AGO

AurCrest Gold Inc. (the “Company” or “AurCrest”) (TSX-V: AGO) wishes to announce that it is offering up to 10,000,000 working capital units (“WC Units”) of the Company at a price of $0.05 per WC Unit for gross proceeds of up to $500,000 and up to 5,000,000 flow-through units (“FT Units”) at a price of $0.10 per FT Unit (the “Offering”). Each WC Unit will consist of one (1) common share of the Company and one (1) share purchase warrant (each a “WC Warrant”). Each WC 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 and thereafter at a price of $0.25 per share until the expiry of the WC Warrants. Each FT 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 $0.20 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 for the sale of WC Units and up to 5% cash plus up to 8% Compensation Options for funds raised by eligible finders for the sale of FT Units. 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 continue the drill program at Richardson Lake 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

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.

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.