ppt

1. Acquisition of 100% Interest in the Enchi Gold Project,
Ghana, West Africa
PCR:TSX.V
September 2014
January 2015

2. Certain statements in this document constitute “forward looking statements” which may not be based
on historical fact. Such forward looking statements involve known and unknown risk, uncertainties
and other factors which may cause the actual results, performance or achievements of the Company,
or industry results to be materially different from any future results, performance, or achievements
expressed or implied by such forward looking statements. Such factors include, among others, the
following: actual results of exploration and development activities; the estimation or realization of
mineral reserves and resources; the timing and the amount of future production; the costs and timing
of the development of new deposits; future prices of precious and base metals; accidents; risks
inherent in mineral exploration; risks associated with development, construction and mining
operations; restrictions on foreign ownership; the Company’s history of operating losses and
uncertainty of future profitability; uncertainty of access to additional capital; environmental liability
claims and insurance; and dependence on joint venture partners.
Mr. Gregory Smith, P. Geo., Vice President of Exploration for Pinecrest Resources Ltd., is the
qualified person as defined by NI 43-101 and has prepared and approved the technical data and
information in this corporate presentation.
2
Forward Looking Statement

3. • Pinecrest Resources (PCR.V) has recently acquired a 100%* interest in the Enchi Gold Project
• Kinross Gold owns a 19.9% equity in Pinecrest (PCR.V)
• Sandstorm Gold subscribed for $2,000,000 of a recently financing and owns 18% equity interest in Pinecrest
• Currently The Enchi Gold project hosts a NI 43-101 Inferred Gold Resource of 37.3 million tonnes grading
0.90 g/t Au (0.5 g/t cutoff) containing 1.07 million ozs gold
• 568 square km land package is located on the prolific Bibiani shear zone that also hosts the 5M oz Chirano
gold mine (Kinross) and the 5M oz Bibiani gold deposit
• Several drill intercepts grading 0.5g/t – 1.0g/t gold over 40-80 metres require significant follow-up drilling and
reflect the outstanding exploration potential of the Enchi property
• Pinecrest Resources’ initial value proposition will be to complete Preliminary Economic Assessment (“PEA”)
and metallurgical testing to investigate the potential for utilizing low cost open pit mining and heap leaching
on the near surface +1 million oz gold resource
*subject to a 10% carried interest to the Ghana Government 3
Overview

4. • African focused resource companies up ~20% year to date
• Gold up ~ 9% year to date
• 2014 - Teranga closes US$135 million streaming deal with Franco Nevada on Senegal gold project
• Barrick sells 10% of African Barrick for US$188 million
• 2014 Asanko Gold completed a US$150 million senior project debt facility with RK Mine Finance and are
fully financed to complete construction in Ghana
• 2015 Asanko Gold Completed a US$40 million bought deal financing
• 2014 B2Gold acquired Volta and Papillon Resources
• Ghana
• Oldest democratic independent country in Africa
• Stable and fair mining tenure
• Prolific greenstone belts with the discovery rate in Ghana still increasing
• Numerous Majors operating in country; AngloGold Ashanti, Gold Fields, Kinross, Newmont &
Golden Star
*RBC Capital Markets “The Morning Miner” September 2, 2014 4
Renewed Focus on African Gold Equities

5. George Salamis, Chief Executive Officer, Director
+20 years experience directing exploration, development, and
mining operations of a number of gold, base metal and coal
projects, Mr. Salamis has held senior management positions with
Placer Dome and Cameco Corporation and has completed M & A
transactions valued over $1B
Greg Smith, P.Geo, VP Exploration
+23 years exploration experience working for both junior &
senior mining operations and has been involved in outlining
+10Moz gold discovery
Edward Farrauto, Director
+20 years experience as CFO and Director of public companies, has
been involved in raising over $500 million of equity and debt and
completed M & A transactions valued over $750 million
Doug Forster, M.Sc. P.Geo, Director
+30 years resource project development, M&A, equity finance
and public company management, Mr. Forster is President & CEO
of Featherstone Capital, he has been Founder and director of
several public companies
Ryan King, President, Director
+10 years experience in the resource sector as officer, director
and head of communications for TSX-V listed exploration and
development companies. Mr. King has been directly involved in
raising over $150 million in equity and completed M&A
transactions valued over $500 million
Daniel Wilson, Country Manager
Mr. Wilson has worked in the mineral exploration field for
over 16 years; he has extensive experience managing field
exploration and drilling programs in Africa. Mr. Wilson has
previously held senior positions with Ashanti Gold Fields and
Red Back Mining
5
Blayne Johnson, Director
+25 years in the investment community, previously Mr. Johnson
was Vice President of First Marathon Securities, during his tenure
at the firm, First Marathon participated in over $5 billion of equity
financings for natural resource companies. He is currently the
Chairman of Featherstone Capital Advisors, he has been founder
and director of several public companies
Management and Directors
Dr. John Thomas, Technical Advisor
+40 years experience in the mining industry in several countries.
His experience covers a wide range of activities including process
development, feasibility studies, management of construction
and operation of mines. Dr. Thomas is a professional engineer and
has a B.Sc., M.Sc., and a PhD in metallurgical processing

6. Issued and Outstanding 54,888,887 (post financing)
Options 3,792,500
Kinross Warrants 5,000,000 (5 year warrants priced at $0.30)
Warrants 18,000,000 (2 year full warrant at 0.30)
Fully Diluted 82,087,617
Fully Diluted Cash ~$11,000,000
Working Capital ~$3,000,000
Listed PCR:TSX.V
• Pinecrest will pay $10/ounce on any new NI 43-101 Resource Estimates to Red Back a subsidiary of Kinross in cash or shares at Pinecrest election.
Pinecrest will not be entitled to issue equity if such issuance would result in Red Back owning more than 20% of Pinecrest
• Red Back has a 2% NSR. Pinecrest has the option to purchase 1% back for US$3.5M
Kinross Deal Terms
Major Shareholders
Kinross Gold 19.9%
Sandstorm Gold 18%
Management 13%
6
Capital Structure

7. Enchi 1M oz (oxide) Au
7
Ghana 2nd Largest Gold Producer in Africa

8. • 100% owned resource delineation stage Gold Project
• Completed NI 43-101 Inferred Gold Resource
Estimate*(+1M ounces)
• Substantially underexplored 568km2 land package
• Located on the prolific Bibiani Shear zone which hosts
multi-million ounce deposits
• Chirano Gold Mine located ~70km NW covers 10km of the
Bibiani Shear Zone (in production)
• Enchi Gold Project covers 50km of the Bibiani Shear Zone
• Vtem airborne geophysical survey identified +25 new targets
• Resource zones Boin, Nyam, Sewum open in all directions
8* See page 10 for NI 43-101 Resource estimate details
Enchi Gold
Kinross – Chirano Gold Mine
Enchi Gold Project Overview

9. NI 43-101 Inferred Mineral Resource Summary*
Cutoff (g/t Au) Tonnes Gold (g/t) Contained Gold
0.30 72,611,000 0.65 1,526,065
0.40 53,366,000 0.76 1,304,918*
0.50 37,357,000 0.90 1,078,702
0.70 20,816,000 1.15 768,000
0.90 12,933,000 1.36 569,879
1.0 10,127,000 1.49 484,388
*West African average cut-off is 0.4g/t which represents +1.3M ounces Gold
1.CIM definition standards were followed for the resource estimate.
2.The 2014 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized zones defined by wireframed solids.
3. A base cut-off grade of 0.7 g/t Au was used for reporting resources with a capping of gold grades at 18 g/t.
4. A US$1,300/ounce gold price, open pit with heap leach operation was used to determine the cut-off grade.
5. A density of 2.45 g/cm3 was applied.
6. Numbers may not add exactly due to rounding.
7. Mineral Resources that are not mineral reserves do not have economic viability
9*The May 2014 Resource Estimate was prepared by independent qualified person Todd McCracken, P. Geo. of WSP Canada Inc. (“WSP”) a technical report will be
completed within 45 days
The 2014 Mineral Resource estimate was based on 52,385 metres of diamond and RC drilling in 646 holes as well as data from 13,799 metres in 102 surface trenches.
The drilling is generally spaced at 25 to 50 metre intervals.
Enchi Gold Project Resource Estimate (2014)

10. Resources open to drill between known zones as
demonstrated by Boin and Sewum Long Sections
10
Enchi Near Surface Resource Expansion Opportunity
Near surface oxide
expansion
opportunity on
BOIN, NYAM &
SEWUM resources.
100m depth
100m depth

11. 11
Cut-off (g/t Au) Resource/Reserve Million Tonnes Grade (g/t Au) Contained Gold (oz)
Enchi Gold Project 0.5 Inferred 37.4 0.90 1,078,702
Karma Gold Project* 0.19-0.36 Probable 33.2** 0.89 949,000
*True Gold - Karma Feasibility Study, December, 2013
Project: Karma gold project
Location: Birkina Faso
Stage: Feasibility/Construction
Mine Type: Open Pit, Heap Leach
Throughput: 4.0 million tpa
Gold Recovery: 90.4% - 95.5%
Production: 97,000 ozs gold/year
Mine Life: 8.5 years
CAPEX $131.5 million
IRR: 47.8%
NPV5 (After Tax) $178.2 million
Payback: 1.4 years
Resources: Indicated: 2.6 million ozs
Inferred: 700,000 ozs
** Karma Probable Reserve is comprised
of 67% oxide ore, 27% transitional ore and 6% sulphide ore
Pinecrest Resources (TSX.V:PCR) has a current
market capitalization of $10 Million. A
Preliminary Economic Assessment is underway to
investigate the opportunity to utilizing low cost
open pit mining, and heap leaching on the near
surface +1 million oz gold resource. In comparison,
True Gold’s (TSX.V:TGM) Karma Project,
although more advanced has a market
capitalization of $100 Million.
Enchi/Karma(True Gold) Resource Comparison

12. Several different targets
identified with multi-
million ounce
opportunities to expand
upon
2.65g/t Au over 35m
Open in all directions
1.44g/t Au over 17m Open in all directions
(900m North of Boin Zone)
3 geo-chemical anomalies
over 3km long
Open in all directions
1.13g/t Au over 34m Open in
all directions
Sewum highest geo-chemical anomaly
Limited drill results include: 2.0g/t
Au over 30m, 0.53g/t Au over 81m
New Gold Zone outside of
resource estimate
1.14g/t Au over 68mKojina Hill
Kwakyekrom
New Gold Zone (1.51g/t
Au over 22m) Open
Sewum South Discovery 2.01g/t Au
over 29m (limited drilling)
Known Gold Zones
12
Enchi Gold
Enchi Gold
Exploration Potential

13. • Regional airborne study
completed
• Interpretation by Condor
Geophysics
• Several structures appear
to correlate to known
mineralization, while
many other similar
structure patterns remain
untested
• Current Resources zones
only make up a small
fraction of total land
package – significant
opportunity to expand
13
Multiple Untested Targets

14. • Complete Preliminary Economic Assessment (“PEA”)
• Complete Metallurgical testwork (heap leach opportunity)
• Opportunity to expand current resources at Sewum, Nyam and Boin
deposits both along strike and at depth
• Additional Exploration work on high priority gold targets (Eradi,
Kojina Hill (1.14g/t over 68 metres)
• Vtem airborne survey identified multiple new drill ready targets to be
tested
14
Pinecrest Plan

15. Summary
15
• Pinecrest Resources (PCR.V) has recently acquired a 100% interest in the Enchi Gold Project.
• Kinross Gold owns a 19.9% equity in Pinecrest (PCR.V).
• Sandstorm Gold subscribed for $2,000,000 of a recently financing and owns 18% equity interest in Pinecrest.
• Currently The Enchi Gold project hosts a NI 43-101 Inferred Gold Resource of 37.3 million tonnes grading
0.90 g/t Au (0.5 g/t cutoff) containing 1.07 million ozs gold.
• 568 sq. km land package is located on the prolific Bibiani shear zone that also hosts the 5M oz Chirano gold
mine (Kinross) and the 5M oz Bibiani gold deposit.
• Several drill intercepts grading 0.5g/t – 1.0g/t gold over 40-80 metres require significant follow-up drilling and
reflect the outstanding exploration opportunities on the Enchi property.
• Pinecrest Resources’ initial value proposition will be to complete Preliminary Economic Assessment (“PEA”)
and metallurgical testing to investigate the potential for utilizing low cost open pit mining and heap leaching
on the near surface +1 million oz gold resource.
*subject to a 10% carried interest to the Ghana Government