Pinecrest Announces AGM Results

VANCOUVER, British Columbia, May 23, 2018 (GLOBE NEWSWIRE) -- Pinecrest Resources Ltd. (TSXV:PCR) (the "Company" or "Pinecrest") today announced that all resolutions were passed by the requisite majority at its annual general meeting ("AGM") held in Vancouver, British Columbia on May 23, 2018.  PricewaterhouseCoopers LLP, Chartered Accountants were re-appointed as auditors of the Company for the ensuing year.

Shareholders voted in favour of setting the number of directors at seven and the following incumbent directors were re-elected: George Salamis, Ryan King, Douglas B. Forster, Edward Farrauto, Blayne Johnson, Douglas Hurst, and Michael Vint.

Following the AGM, the board of directors re-appointed Ryan King as CEO and President and Kristian Dagsaan as CFO and Corporate Secretary.

About Pinecrest Resources

Pinecrest engages principally in the acquisition, advancement and development of precious metal properties with the Company's primary focus being the 100% owned Enchi Gold Project located in Southwest Ghana.  Major shareholders of Pinecrest include Kinross Gold Corporation, Management and Directors.     

Pinecrest Resources Ltd.

"Ryan King"

Ryan King
President & Director  

For further information contact:
Ryan King
604 628-1012
www.pinecrestresources.com

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.

Cautionary Note Regarding Forward Looking Statements

This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements".  Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995:  Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements including but not limited to those with respect to the price of gold, potential mineralization, reserve and resource determination, exploration results, and future plans and objectives of the Company involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements.