Pinecrest Announces NAME Change to Newcore GOLD Ltd.; Common Shares to Start Trading Under New NAME and Symbol “NCAU”
PINECREST RESOURCES LTD.
Suite 413 – 595 Burrard Street, P.O. 49167
Vancouver, British Columbia
V7X 1J1
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES
PINECREST ANNOUNCES NAME CHANGE TO NEWCORE GOLD LTD.; COMMON
SHARES TO START TRADING UNDER NEW NAME AND SYMBOL “NCAU”
August 6, 2020 TSX-V: PCR
Vancouver, British Columbia: Pinecrest Resources Ltd. (TSX-V: PCR) (the "Company" or "Pinecrest") is
pleased to announce that effective Monday, August 10th, 2020, the Co mpany’s common shares will
commence trading on the T SX Venture Exchange under the C ompany's new name, Newcore Gold Ltd .
(“Newcore”) and its new trading symbol " NCAU". Newcore will have 79.9 million shares issued and
outstanding with Management and Directors owning a 39% equity interest and institutional shareholders
owning an approximate 20% stake.
Table 1: New Stock Symbol and Identification Codes Effective August 10, 2020
Old Symbol New Symbol New CUSIP New ISIN
Common Shares PCR NCAU 65118M103 CA65118M1032
Effective Thursday, August 6, 2020, Pinecrest's current website, www.pinecrestresources.com, will
redirect visitors to the Company's new webpage, www.newcoregold.com.
About Newcore Gold
The new name reflects a turning point and a renewed commitment to realizing the value of the Company’s
100% owned Enchi Project by advancing the current 1.1 million ounce inferred1 gold resource (37.4 million
tonnes grading 0.90 g/t Au) located in Ghana, Africa’s largest gold producer. Newcore Gold offers investors
a unique combination of top- tier leadership , who are aligned with shareholders through their 39%
ownership, and prime district scale exploration opportunities. Enchi’s 216 square kilometre land package
covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone , a gold belt which hosts several 5 million -
ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north. Newcore’s vision is to
build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.
Newcore Gold Website – www.newcoregold.com
Investor Presentation – www.newcoregold.com/investors/presentation/
Please get in touch at [email protected] if you would like to discuss Newcore Gold in more detail.
On Behalf of the Board of Directors
Pinecrest Resources Ltd.
-2-
"Luke Alexander"
Luke Alexander
President, CEO & Director
For further information contact: Luke Alexander
+1 604 484 4400
www.newcoregold.com
1Inferred Resource Disclaimer:
1. CIM definition standards were followed for the resource estimate.
2. The 2014 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model
with mineralized zones defined by wireframed solids.
3. A base cut-off grade of 0.5 g/t Au was used for reporting resources with a capping of gold grades at 18 g/t.
4. A US$1,300/ounce gold price, open pit with heap leach operation was used to determine the cut -off grade.
5. A density of 2.45 g/cm3 was applied.
6. Numbers may not add exactly due to rounding.
7. Mineral Resources that are not mineral reserves do not have economic viability.
8. Technical Report and Update Resource Estimate on the Enchi Gold Project. Issue Date: July 15, 2014 with
Effective Date: March 17, 2014. Prepared by: Todd McCracken, P.Geo, of WSP Canada Inc. The author is
independent of Pinecrest Resources and a Qualified Person ("QP") as defined by National Instrument 43- 101.
9. Mr. Gregory Smith, P.Geo, the Vice-President of Exploration of the Company, is the Qualified Person as defined
by NI 43-101, and is responsible for the accuracy of the technical data and information.
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.