AurCrest Gold Inc.

December 03, 2010 08:00 ET

AurCrest Announces Proposed Offering of Up to $2,000,000

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2010) - AurCrest Gold Inc. (the "Company" or "AurCrest") (TSX VENTURE:AGO) wishes to announce that it is offering up to 10,000,000 common shares priced at $0.20 per Share for gross proceeds of up to $2,000,000 (the "Offering"). The Corporation may pay finder's fees and/or commissions of up to 8% in cash and compensation warrants to acquire that number of common shares equal to 8% of the number of Shares subscribed for with each compensation warrant exercisable at a price of $0.20 per common share for a period of one year from closing.

The financing is subject to regulatory approval.

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.

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.

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