Pinecrest announced the appointment of Mr. Luke Alexander as President, Chief Executive Officer and Director of Pinecrest, Mr. Douglas Forster, an existing Director, as non-executive Chairman, and Ms. Omaya Elguindi as a Director of the Company effective immediately. Ryan King who has served as President and CEO of Pinecrest since 2017 and he will remain a Director of the Company. Luke Alexander is the founder and has been the principal and director of Park Road Capital since September 2018.

Luke Alexander is the founder and has been the principal and director of Park Road Capital, a Vancouver-based, natural resource focused consulting company since September 2018.