ICG Imperial Capital Grp., Class A Common Stock

Pinecrest Resources Ltd. (TSX-V:PCR) is a mineral exploration and junior mine development company focused on precious metal projects. The company's flagship asset is a 100% interest in the Enchi Gold Project in Ghana acquired from a subsidiary of Kinross Gold Corp. (NYSE:KGC) Kinross remains a 19.9% holder. That acquisition also led to a strategic alliance with Sandstorm Gold (NYSE:SAND). Pinecrest sees a tremendous opportunity in exploration and development stage projects in West Africa. Today's gold market requires small junior companies to reduce G&A, align with shareholders and focus on prudent capital allocation. Pinecrest is focused and actively looking for accretive precious metal assets in West Africa.  

Anyone that speaks with Ryan King, President & Director would conclude that he's an impressive manager with strong enthusiasm for his company. Unlike senior management at some peers, Mr. King is 100% devoted to Pinecrest, a very important factor. In fact, Pinecrest differentiates itself by having significant firepower in the management ranks. [If you don't believe it, see for yourself Here]. The company's CEO & Director George Salamis has raised $800 million in equity and completed over $1 billion in M&A deals. Yes, that's Billion with a "B." He's also the Chairman of Integra Gold Corp, (TSX-V:ICG) a company with a $75 million market cap and a stock price that's doubled over the past 6 months. Focusing on the $1 billion of M&A is relevant because that's the potential opportunity for the company and investors alike to capitalize on.... namely acquisitions of distressed assets in West Africa.  

Highlighting the management team at the top of an article is uncommon. If mentioned at all, it's often added at the very bottom. Despite a powerful management team and the wherewithal to roll up distressed West African assets, Pinecrest has an Enterprise Value, "EV" of just $10.5 million. A reason to reiterate the low EV is that PCR.V's stock is down 50% in the past month, perhaps providing for an attractive entry point for investors. Returning to the acquisition theme, Pinecrest has a fully-diluted cash balance of $10 million. While it's not certain that the options will be exercised, at the month ago share price of $0.50, all the options were either at the money or in the money.

Focusing now on the Enchi Gold Project in Ghana, it sits on the prolific Bibiani Shear Zone which hosts multi-million ounce gold deposits. Enchi Gold covers 50km of the Bibiani Shear Zone and is located just 70km of Kinross Gold's Chirano gold mine which produced 286,542 ounces of gold in 2014. "Closeology" is not the best reason to invest, but it doesn't hurt either! Pinecrest boasts a NI 43-101 compliant 1 million + Inferred ounces, making it an advanced exploration stage company. Some might even consider it a pre-development company because it has delivered a Preliminary Economic Assessment, "PEA." The PEA shows an impressive 33% pre-tax IRR at an assumed gold price of $1,300/oz. A PEA, already demonstrating a solid prospective mining operation, is a great start. Companies almost always find ways to incorporate meaningful improvements into their Pre-Feasibility Statements, "PFS." 

Conclusion

Rarely does a junior mining company with a $10.5 million fully-diluted EV have potential co-investors in companies such as Kinross and Sandstorm. And, rarely does a junior mining company have such a strong management team. Combined, these attributes suggest that the stated goal of targeting distressed assets in West Africa is both a viable and a prudent one. In a very difficult market for junior miners, having key strategic investors and a pristine balance sheet with no debt is more important than ever. Pinecrest offers prospective investors a compelling, albeit speculative, call option on the likely rebound in the price of gold in coming years. 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

CONTACT: Pinecrest Resources Ltd.
         Ryan King
         President, Director
         (604) 628-1012
         rking@pinecrestresources.com