VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2012) - Subject to regulatory approval, Pinecrest Resources Ltd. ("Pinecrest" or "the Company") (TSX VENTURE:PCR) 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, 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.

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