PRY

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. Pinecrest Energy Inc. CONTACT: Pinecrest Energy Inc.500, 255 - 5 Avenue SWCalgary, Alberta T2P 3G6Wade Becker, President and CEOorDan Toews, V.P. Finance & CFOTel: (403) 817-2550 orFax: (403) 817-2599

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