Pinecrest Terminates Option Agreement

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/16/13 -- Pinecrest Resources Ltd. (TSX VENTURE:PCR) ("Pinecrest" or the "Company) has terminated its option agreement with Kootenay Silver Inc. (TSX VENTURE: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, CGA, President and CEO

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.