Pinecrest Energy Inc. Announces Stock Option Grant

TSX Venture Exchange:  PRY

CALGARY, Oct. 9, 2012 /CNW/ - Pinecrest Energy Inc. ("Pinecrest") announces that in accordance with its annual option granting procedures it has granted 2,860,000 stock options to directors and officers of Pinecrest at an exercise price of $1.70.

Subsequent to this stock option grant, Pinecrest has a total of 15,385,000 stock options outstanding.

Corporate Information

Pinecrest's common shares trade on the TSX Venture Exchange under the symbol PRY.  Pinecrest currently has approximately 214,311,365 shares outstanding.  Pinecrest's option plan provides that Pinecrest can issue options equal to 10% of its issued and outstanding shares from time to time.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

SOURCE: Pinecrest Energy Inc.

Pinecrest Energy Inc.
500, 255 - 5 Avenue SW
Calgary, Alberta  T2P 3G6

Wade Becker, President and CEO
or
Dan Toews, V.P. Finance & CFO

Tel: [phone] or
Fax: [phone]