AURCREST GOLD ANNOUNCES SPRING/SUMMER EXPLORATION ON EAST RED LAKE GOLD

AurCrest Gold Inc. wishes to provide an update on its 100-per-cent-owned East Red Lake property package made up of 27,960 acres of unpatented claims located 110 kilometres east-northeast of Red Lake, Ont. The company's holdings consist of two major properties in the central and northern parts of the Birch Lake greenstone belt (East Red Lake), one of which includes the original AurCrest Richardson Lake property and abuts the recent Springpole Lake gold discovery held by Gold Canyon Resources.

Historic drill core samples recovered from the Richardson Lake property in April, 2011, were found to exhibit tectonically brecciated textures interpreted by re-examination and thin-section microscopy. In addition, a re-evaluation of historic drill hole data and projected sections suggests the presence of an unconstrained zone of gold mineralization hosted in tectonic breccia trending to the west rather than to the south as previously interpreted. These new observations suggest the Richardson Lake gold zone is more closely related to an east/west structural shear-hosted style of mineralization as opposed to a north/south breccia conglomerate, as previously interpreted.

The spring program will begin the week of Monday, May 30, with a return visit to the original Richardson Lake claims. During this visit, historical core, trenches and outcrop on the claims will be re-examined, relogged and sampled based upon the new information that has arisen from the initial core examination and drill hole compilation. This re-evaluation program, utilizing similar and successful methods employed during the 2009 Gold Canyon Springpole reassessment program, is designed to identify drill targets on the property to be tested in summer or fall of 2011 and through 2012. A field program of surface prospecting, sampling and ground checking previously mapped rock units is planned for AurCrest's newly enlarged property package throughout this summer.

Trevor Boyd, PGeo, a qualified person as defined by National Instrument 43-101, vice-president of exploration, supervised the preparation of the technical information contained in this news release in compliance with NI 43-101.