AurCrest Announces Extension of Warrants

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2011) - AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) wishes to announce that it will make application to extend the exercise dates of 4,404,686 warrants currently exercisable between December 21, 2011 and March 15, 2012 at prices between $0.30 per share and $0.75 per share issued pursuant to various private placement financings which closed between December 21, 2009 and March 15, 2011. The warrants' expiry dates will be extended for a further year from their existing dates. There has been no change to the warrants' exercise prices which range from $0.30 to $0.75.

The amendment to the warrant terms is subject to approval of the TSX Venture Exchange.

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.