Pinecrest Resources Ltd. (TSX VENTURE:PCR) ("Pinecrest" or the "Company) has
terminated its option agreement with Kootenay Silver Inc. (TSX VENTURE:KTN) on
the Espiritu project in Sonora, Mexico.


Pinecrest management is continuing to seek high potential precious and base
metal projects for acquisition. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pinecrest Resources Ltd.
Edward Farrauto
President and CEO
604-687-3992
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