NEWS RELEASE TSX Venture Exchange: PRY PINECREST ENERGY INC. ANNOUNCES ITS DECEMBER 31, 2012 YEAR END RESULTS AND 2012 YEAR END RESERVES March 18, 2013 - Calgary, Alberta - Pinecrest Energy Inc. ("Pinecrest" or the "Company") is pleased to announce that it has filed on SEDAR its audited annual financial statements, related Management's Discussion and Analysis ("MD&A") and Annual Information Form for the year ended December 31,

2012. The statements will be available for review at www.sedar.comor www.pinecrestenergy.com.

2012 HIGHLIGHTS