Pinecrest Energy Inc.

Welcome to Pinecrest Energy

On April 26, 2010, Antler Creek Energy Corp. entered into an reorganization and investment agreement which provided for, among other things, a new board of directors and management team (collectively, the "New Management Team") and a private placement of approximately $20 million, (the "Transaction"). The agreement was completed May 7, 2010.

Since announcing the Transaction, the New Management Team has completed the following:

Closed the private placement for proceeds of approximately $20 million;
Entered into an agreement to issue, on a bought deal basis 24.05 million common shares for gross proceeds of approximately $25.01 million, which is anticipated to close on July 7, 2010;
Following the closing of the recently announced bought deal financing, the company will have a strong balance sheet with over $42.5 million in cash, and no debt;
Assembled a team of qualified technical and support staff to implement its capital plans; and
Arranged suitable office space for future growth.

Effective July 21, 2010 the Company received permission from the Shareholders to change its name to Pinecrest Energy Inc.



	Welcome to Pinecrest Energy

	On April 26, 2010, Antler Creek Energy Corp. entered into an reorganization and investment agreement which provided for, among other things, a new board of directors and management team (collectively, the "New Management Team") and a private placement of approximately $20 million, (the "Transaction"). The agreement was completed May 7, 2010. Since announcing the Transaction, the New Management Team has completed the following: Closed the private placement for proceeds of approximately $20 million; Entered into an agreement to issue, on a bought deal basis 24.05 million common shares for gross proceeds of approximately $25.01 million, which is anticipated to close on July 7, 2010; Following the closing of the recently announced bought deal financing, the company will have a strong balance sheet with over $42.5 million in cash, and no debt; Assembled a team of qualified technical and support staff to implement its capital plans; and Arranged suitable office space for future growth. Effective July 21, 2010 the Company received permission from the Shareholders to change its name to Pinecrest Energy Inc.
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