Mr. Ian Brodie-Brown reports

AURCREST GOLD CLOSES FINANCING & RECOMMENCES DRILLING AT RICHARDSON LAKE GOLD PROJECT

AurCrest Gold Inc., further to the company's press release dated Oct. 16, 2014, has closed the final tranche of its offering and placed an additional 450,000 working capital units for proceeds of $22,500. The securities issued are subject to a hold period expiring on Feb. 24, 2015.

AurCrest placed a total of 1,116,785 WC units and raised an aggregate of $55,839.27. The funds raised will be used for the continuation of the Richardson Lake drill program, to be completed before freeze-up. Drilling will deepen hole RL-14-08, extending the zone encountered in the first phase of drilling, the results of which were announced in the press release issued Sept. 25, 2014. A second hole will then be drilled to test the updip extension of hole RL-12-07 and proceed to test for the new zone encountered most recently in RL-14-08.

We seek Safe Harbor.