Pinecrest Terminates Option Agreement

PINECREST RESOURCES LTD.

Suite 1820, 999 West Hastings Street Vancouver, British Columbia V6C 2W2

NEWS RELEASE

April 16, 2013

PINECREST TERMINATES OPTION AGREEMENT

Vancouver, British Columbia: Pinecrest Resources Ltd. (TSXV: PCR) (“Pinecrest” or the "Company) has terminated its option agreement with Kootenay Silver Inc. (TSXV: KTN) on the Espiritu project in Sonora, Mexico.

Pinecrest management is continuing to seek high potential precious and base metal projects for acquisition.

ON BEHALF OF THE BOARD

"Edward Farrauto"

Edward Farrauto, CGA President and CEO

For further information contact Edward Farrauto, President and CEO of Pinecrest Resources Ltd. at 604- 687-3992

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Pinecrest does not assume the obligation to update any forward-looking statements.

Neither the 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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