NCAU.V · 2011-08-31

Pinecrest Proposes Share Split

Corporate Actions

PINECREST RESOURCES LTD.

1820-999 West Hastings Street Vancouver, British Columbia

NEWS RELEASE

August 31, 2011

PINECREST PROPOSES SHARE SPLIT

Pinecrest Resources Ltd. (TSXV: PCR) (the “Company”) proposes to split its issued and outstanding share capital on a 1:2 basis being one (1) old common share without par value for two (2) new common shares without par value (the “Share Split”). There are currently 11,100,000 common shares of the Company issued and outstanding. Following completion of the Share Split based on this number, there will be 22,200,000 common shares of the Company issued and outstanding. The Company’s management believes that the Share Split will provide greater liquidity for the common shares of the Company. The Company will not change its name in connection with the Share Split.

The Company has scheduled a special meeting of its shareholders (the “Meeting”) to be held on Thursday, September 8, 2011 at which it will seek shareholder approval by special resolution to the Share Split. The completion of the Share Split is also subject to the approval of the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

ON BEHALF OF THE BOARD

“Edward Farrauto” (signed)

Edward Farrauto, Chief Executive Officer

For further information contact Edward Farrauto, Chief Executive Officer 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 statement.

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