Pinecrest Iniates Phase 1 Exploration on the Espiritu Polymetallic Vein/Breccia Property, Sonora, Mexico

Mr. Edward Farrauto, President and CEO of Pinecrest Resources Ltd. (TSX
VENTURE:PCR) ("Pinecrest" or the "Company) is pleased to announce that a Phase 1
exploration program has begun on the Company's Espiritu polymetallic
vein/breccia project, Sonora, Mexico. Pursuant to the terms of an option
agreement with Kootenay Gold Inc. (TSX VENTURE:KTN) ("Kootenay Gold"), Pinecrest
can earn a 50% interest in the 10,000 ha Espiritu project by spending $1.0
million on exploration over a four year period and by issuing up to 750,000
common shares of Pinecrest over 3 years. Pinecrest is the operator on the
project (see Pinecrest News Release dated February 28th, 2011). 


The Phase 1 exploration program will focus on the south-western portion of the
property where mineralization is characterised by veins, breccias and stockworks
anomalous in silver, gold, copper, lead and zinc. The main mineralization in the
south-west is defined by several zones spread along a two km length. Fifty-eight
grab samples were collected by Kootenay Gold in 2009-2010 within the west,
central and eastern parts of the southwest polymetallic vein/breccia zone. The
polymetallic veins averaged 226 g/t Ag, 1.58% Pb, 1.57% Zn associated with 0.18
g/t Au and 0.15% Cu. The current exploration program on the Espiritu property
will include prospecting, geological mapping, trenching, rock chip sampling and
diamond drilling of high priority targets. The budget for this program is
$233,000.00


The technical disclosure in this release has been reviewed and verified by James
McDonald, P.Geo., a qualified person ("QP") as defined by National Instrument
43-101 - Standards of Disclosure for Mineral Projects. Mr. McDonald is a
director of Kootenay Gold. 


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.