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Press release from CNW Group

Pinecrest Energy Inc. announces TSXV Tier reclassification

Monday, May 27, 2013

Pinecrest Energy Inc. announces TSXV Tier reclassification

16:31 EDT Monday, May 27, 2013

TSX Venture Exchange:  PRY

CALGARY, May 27, 2013 /CNW/ - Pinecrest Energy Inc. ("Pinecrest" or the "Company") announces that in accordance with Policy 2.5 of the TSX Venture Exchange, the Company has met the requirements for a Tier 1 company. Therefore effective May 28, 2013, the Company's tier classification will change from Tier 2 to Tier 1.

Corporate Information

Pinecrest's common shares trade on the TSX Venture Exchange under the symbol PRY.

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 news release.

SOURCE: Pinecrest Energy Inc.

For further information:

Pinecrest Energy Inc.

500, 255 - 5 Avenue SW
Calgary, Alberta  T2P 3G6

Wade Becker, President and CEO
Dan Toews, Vice President, Finance and CFO

Tel: (403) 817-2550 or
Fax: (403) 817-2599

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