Pinecrest Resources Ltd.

December 22, 2015 09:15 ET

Pinecrest Announces Stock Option Grant

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2015) - Pinecrest Resources Ltd. ("Pinecrest" or the "Company") (TSX VENTURE:PCR) has granted 2,850,000 stock options at a price of $0.10 per share for a period of five years to directors, officers, employees, and consultants of the Company. These options are subject to regulatory approval and are granted under the Company's stock option plan and include vesting provisions.

About Pinecrest Resources Ltd.

Pinecrest is a British Columbia corporation that is based in Vancouver, B.C. The Company engages principally in the acquisition, advancement and development of precious mineral properties and the Company intends to advance and develop the Company's 100% owned Enchi gold project located in South West Ghana. Major shareholders of the Company include: Red Back Mining Ghana Ltd. (a wholly-owned subsidiary of Kinross Gold Corporation), Sandstorm Gold Ltd., and management.

On Behalf of the Board of Directors


Ryan King, President, Director

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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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