Pinecrest to Increase Financing

PINECREST RESOURCES LTD.

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

PINECREST TO INCREASE FINANCING

Vancouver, British Columbia, April 5, 2011. Pinecrest Resources Ltd. (“Pinecrest” or the "Company"), a capital pool company, announces an increase of its previously announced non-brokered private placement (February 28, 2011). The non-brokered private placement will be increased from 2,500,000 units (the “Units”) to 3,500,000 Units at a purchase price of $0.22 per Unit. Each Unit will consist of one common share and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire an additional common share of Pinecrest at an exercise price of $0.30 per common share.

ON BEHALF OF THE BOARD

“Edward Farrauto”

Edward Farrauto, Chief Executive Officer

For further information, please contact Edward Farrauto, Chief Executive Officer Telephone: 604-687-3992, Fax: 604-628-1011 or email: [email protected] Address: Suite 1820-999 West Hastings Street, Vancouver, British Columbia V6C 2W2

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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