Aurcrest Gold Inc.: Company Update

(via Thenewswire.ca)

TSXV Symbol: AGO

Toronto, Ontario February 28, 2013 - AurCrest Gold Inc. (the "Company" or "AurCrest") would like to update the shareholders and the public before the Prospectors & Developers Mining Conference to be held in Toronto March 3rd-6th 2013.

AurCrest President & CEO Ian Brodie-Brown will be speaking at this year's PDAC mining convention in Toronto. Mr. Brodie-Brown will join a panel discussion on Tuesday, March 5, at 2 p.m. during the aboriginal session "Examining Company-Community Agreements in the Mineral Sector." The talk will be held in room 717, located in the south building of the Metro Toronto Convention Centre, and will be open to delegates and the public.

The Company would also like to inform the public that AurCrest is considering the possibility of moving its head-office to Northern Ontario. The Company and the industry are in a state of transition as the new Mining Act has required that a closer relationship be forged with the First Nations and mining companies that work on their Traditional Lands. AurCrest has established a unique relationship, which includes the 9.9% ownership of its share capital by the Lac Seul First Nation. AurCrest also recognizes that Cat Lake, Slate Falls and Mishkeegogmang First Nations are communities with which the Company must further establish working relationships and meetings and discussions are ongoing with these First Nations communities. As we follow-up on the significant gold discovery announced in April 2012, and explore the assets of the Company in this region, it is our goal to increase the ownership, employment and understanding of these communities in our business as we move forward.

AurCrest also understands that the established work force and services of all communities are going to be integral to our success, and is therefore considering Sioux Lookout, with its regional importance as a prime location to relocate. Further news will be released as the Company meets with Native and Non-Native community leaders to clarify that this is the right move, and to ensure a prosperous future within the resource industry in Ontario and for our shareholders.

AurCrest also reports that three executives working for the Company, namely, Ian & Peter Brodie-Brown and Owen Jurczak, have agreed to forgo any financial compensation from October 1 2012, and payment of compensation will not resume until such time as the equity and venture capital markets recognize the opportunity within the Company's property portfolio and the discovery of gold in the Brich-Uchi area. All three members have voluntarily agreed to waive their salaries and will continue to work on behalf of the Company.

AurCrest on Video visit: http://aurcrestgold.com/investors-media/video/

Follow AurCrest:

Facebook - http://www.facebook.com/pages/AurCrest-Gold-Inc/108210342637018

Twitter - https://twitter.com/AurCrestGold

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

Communications:

StockNetwork Media

(416) 883-3838

info@stocknetwork.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.

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