- Pinecrest Resources has acquired a 100% interest in the Enchi Gold Project in Ghana from Edgewater Exploration and Kinross Gold Corp. - The Enchi project hosts a NI 43-101 Inferred gold resource of 1.07 million ounces and has potential for resource expansion. - Pinecrest's plan is to conduct a PEA and metallurgical testing to evaluate open pit mining and heap leaching for the near surface gold resource.

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

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 Edgewater Exploration 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 acquired a 100% interest in the Enchi Gold Project, Ghana from Edgewater Exploration
(51%) and Kinross Gold Corp (49%) for PCR.V shares*
• Kinross owns a 19.9% share position in Pinecrest (PCR.V)
• Sandstorm owns 18% equity interest in Pinecrest
• 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
• The current oxide gold resource is open for expansion in all directions
• 696 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.
• Pinecrest Resources management team and Board of Directors has a proven track record of maximizing shareholder value
*subject to a 10% carried interest to the Ghana Government
3
Overview

4. • Teranga closes US$135 million streaming deal with Franco Nevada on Senegal gold
project
• Barrick sells 10% of African Barrick for US$188 million
• Asanko Gold recently completed a US$150 million senior project debt facility with
RK Mine Finance and are fully financed to complete construction in Ghana
• B2Gold buying Volta and Papillon Resources
• True Gold financing +$120M for an advanced stage heap leach project in Burkina
Faso*
• Ghana – Oldest democratic independent country in Africa
• Stable and fair mining tenure
• Prolific greenstone belts with the discovery rate in Ghana still increasing
*RBC Capital Markets “The Morning Miner” September 2, 2014 4
Renewed Focus on African Gold Equities

5. $EnterpriseValue/oz
Enterprise Valuation per ounce*
High = $130 Low = $3 Average = ~$31 Pinecrest = $7
*Haywood Securities, August 29,2014 Junior Gold Company Resources with Engineering Studies EV/oz; $31/oz to $36/oz 5
0
20
40
60
80
100
120
140
ACQUIREDBYB2GOLD
Enchi Gold Project Valuation Comps

6. 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,
+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
6
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

7. 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 $3,200,000 (post financing)
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%
7
Capital Structure

8. •Very Stable jurisdiction
Enchi 1M oz (oxide) Au
8
Ghana 2nd largest Gold Producer in Africa

9. • 100% owned resource delineation stage Gold Project
• Completed NI 43-101 Inferred Gold Resource
Estimate*(+1M ounces)
• Substantially underexplored 696km2 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
9* See page 10 for NI 43-101 Resource estimate details
Enchi Gold
Kinross – Chirano Gold Mine
Enchi Gold Project Overview

10. 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
True Gold’s Karma Project Feasibility Study used 0.2g/t Au cut-off for oxide gold mineralized, 0.22 g/t Au cut-off for transitional gold
mineralization and 0.5 g/t Au for sulphide mineralization
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
10
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)

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
True Gold (TSX.V:TGM) Market Capitalization $95
Million
Pinecrest Resources (TSX.V:PCR) Market Capitalization
$10 Million (post $3.6M financing)
Enchi/Karma(True Gold) Resource Comp

12. Several different targets
identified with multi-million
ounce potential to build 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
Clear Resource Expansion Potential

13. • The 5 Million ounce Chirano Gold
mine hosts plunging zones of gold
mineralization
• Similar to Gold Zones on the Enchi
Gold Project including known zones
Boin and Nyam
• Lower grade at surface on both
Chirano and Boin, Enchi Gold
Project
• Boin/Nyam Gold Zones previous
drilling depth of approximately 75-
100 metres
5m @ 3.77g/t gold
29m @ 1.68g/t gold 39m @ 1.79g/t gold
22m @ 1.44g/t gold
6m @ 5.75g/t gold
16m @ 2.51g/t gold
Deeper drilling planned
Completed Diamond Drilling
Previously Completed Drilling
> 20 gram metres
> 10 < 20 gram metres
> 5 < 10 gram metres
< 5 gram metres Completed Drilling
500m
Chirano Gold Mine
Gold Zone
Discovery +150m
50m
100m
150m
Chirano Gold Zone
Boin Gold Zone, Enchi Project
OPEN
Cross sections (grade x thickness)
50m
100m
150mOPEN OPEN
30m @ 1.92g/t gold
24m @ 1.72g/t gold
21m @ 2.56g/t gold
ChiranoEnchi Project Comparisons

14. • Regional airborne study (VTEM and
Mag) flown over the entire Enchi
project (568 square km)
• Interpretation completed by Condor
Geophysics in Denver, Colorado
• Several structures appear to correlate
to known mineralization, while many
other similar structure patterns
remain untested
• Interpretation work has identified
several additional drill targets
Current NI 43-101 Resource Estimate Includes
the Boin, Nyam and Sewum gold deposits
Deposits are open for
resource expansion in
all directions
Boin
Sewum
Nyam
Boin
Sewum
Nyam
14
Enchi Exploration Potential

15. 15
• Three parallel soil anomalies each approx. 3.2km strike length
• Only 2 trenches totaling 435m were completed on the anomalies
• Assayed 37m grading 1.47 g/t gold in trenches
Sewum
Eradi Gold Zone
• Highly prospective gold target
• Multiple kilometers of strike length
defined
• Previous trench highlights:
• 1.14 g/t over 24.2m, 2.35 g/t over
11.0m, 0.70 g/t over 221m, 1.06 g/t
over 17 m, 1.48 g/t over 78.0m and
1.86 g/t over 17 m
15
Enchi Exploration Potential

16. • Complete Preliminary Economic Assessment (“PEA”)
• Complete Metallurgical testwork (heap leach potential)
• Resource Expansion: expand resource potential 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)
• Follow up on Vtem airborne survey with multiple new targets identified
16
Pinecrest Plan

17. Summary
17
• Pinecrest (PCR.V) completed the acquisition of a 100% interest in the Enchi Gold Project, Ghana from Edgewater
Exploration (51%) and Kinross Gold Corp (49%) for PCR.V shares*
• Kinross owns a19.9% share position in Pinecrest (PCR.V)
• Sandstorm Gold owns ~18% share position in Pinecrest (PCR.V)
• Enchi 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
• Current oxide gold resource is open for expansion in all directions
• 696 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 a Preliminary Economic Assessement (“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.
• Pinecrest Resources management team and Board of Directors has a proven track record of maximizing shareholder value
*subject to a 10% carried interest to the Ghana Government