AurCrest Gold Inc. (TSXV:AGO) announced it has entered into an agreement with IBK Capital Corp. to assist the Company in evaluating strategic alternatives to maximize shareholder value. IBK Capital will work to develop strategies to unlock what AurCrest Gold's management and Board of Directors believe to be a significant unrecognized value in the Company that is not reflected in its stock price.

Christopher Angeconeb, Chief Executive Officer of AurCrest said: "We are very pleased to have a firm with IBK Capital's global relationships in the mining sector working to explore ways to create increased value for our shareholders. We continue to explore our 100% owned gold projects located near Red Lake, Ontario. Red Lake is one of North America's largest gold producing districts, and we believe that our assets in the region will be seen as attractive exploration opportunities by several global mining companies.

IBK Capital's mandate will include the coordination of discussions with interested parties on a potential investment in, or acquisition of the Company's exploration assets at a time and on terms that produce the best possible value to AurCrest's shareholders". Michael White, President and Chief Executive Officer of IBK Capital said: "We are excited to work with AurCrest on such an attractive collection of gold assets in the area of one of the most productive gold camps in North America at a time of high inflation and record high gold prices".