Pinecrest Grants Options

PINECREST RESOURCES LTD.

1820-999 West Hastings Street

NEWS RELEASE

PINECREST GRANTS OPTIONS

October 29, 2012 TSX-V: PCR

Vancouver, British Columbia: Subject to regulatory approval, Pinecrest Resources Ltd. (“Pinecrest” or “the Company”) has granted 510,000 stock options to a director of the Company. The options are at an exercise price of $0.12 per share and valid for a period of five years from the date of grant.

ON BEHALF OF THE BOARD

“Edward Farrauto”

Edward Farrauto, CGA President and CEO

For further information contact Ryan King, Director of Pinecrest Resources Ltd. at 604-628-1012.

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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