AurCrest Gold Inc.
TSX VENTURE : AGO

June 29, 2011 08:00 ET

AurCrest Gold Announces the Appointment of Mr. Christopher Angeconeb to the Board of Directors

TORONTO, ONTARIO--(Marketwire - June 29, 2011) - AurCrest Gold Inc. ("AurCrest" or the "Company") (TSX VENTURE:AGO) is please to announce that Mr. Christopher Angeconeb has been appointed to the Board of Directors of AurCrest, subject to regulatory approval.

Mr. Angeconeb is a member of the Lac Seul First Nation and caribou clan, and is presently employed by his Band as the Lands & Resources Coordinator. In this position, he provides policy advisory services to his Chief and Council and also acts as the initial point of contact for the consultation and accommodation process for government, business, and industry on matters within the Lac Seul traditional territory. When appropriate to the consultation and accommodation process, Mr. Angeconeb conducts community consultations for specific projects. Mr. Angeconeb has been one of the principal negotiators on First Nation energy project initiatives, including the LSFN-OPG partnership for the Lac Seul Generating Station, and on mining and forestry-related initiatives.

Ian A. Brodie-Brown, "As President and Chief Executive Officer of AurCrest Gold I would like to extend a sincere welcome to Mr. Angeconeb from both the Board of Directors and Management. Mr. Angeconeb's position on the AurCrest Board will bring with it an increased understanding of the issues being faced by the mining industry as we seek to establish a shared future with the aboriginal communities with which we are so closely associated. We thank Mr. Angeconeb for making this commitment to our company and our future in the gold exploration business."

AurCrest also wishes to advise that it has filed its first condensed interim financial statements for the period ended March 31, 2011 in accordance with International Financial Reporting Standards ("IFRS") and in particular in accordance with International Accounting Standard 34, Interim Financial Reporting. The effect of the transition to IFRS is fully disclosed in the notes to the condensed interim financial 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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