Investment Highlights TSX.V - HRH

Diversified multiple plays• 28,000 acres located within the Southern Alberta Basin Bakken Fairway in NW Montana• Two projects in Texas with working interest production on 8 wells• Over 120,000 acres in the Pedergosa Basin, Arizona

Exploration Focus• Multi-zone formations in Pondera-Teton prospects, Montana• Drill locations in Montana and Texas to be identified in 2012• 2D & 3D seismic surveys planned for Montana & Texas properties• Exploration in Montana and Texas to commence in Q2 of 2012

Production Focus• Stable cash flow• Current production totals more than 90 boepd• Workover programs on existing wells in Texas & Montana designed to increase production and revenues

Strategic Projects • Hillcrest’s Alberta Basin Bakken land base is in proximity to Rosetta Resources, Newfield Exploration Resources and Primary Petroleum

HILLCREST - IDENTITY BURST! CREATIVE GROUP

CONCEPT

Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.

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Montana Prospects Overview

• 28,000 acres, strategically located within the Alberta Basin Bakken Fairway (an emerging oil play)

• Additional potential in multiple additional zones (Sunburst, Madison, Nisku, Duperow)• Largeacreagepositionsecured,monitoringsignificantoffsetactivity• Purchaseandacquisitionof2D&3Dseismicinearly2012;continuegeologicstudies

to develop prospects• UnconventionalwellplannedforQ2of2012

Southern Alberta Basin ParticipantsCompany Symbol Market Cap

Stone Energy SGY.Z $1.3BRosetta Resources ROSE.Q $2.45 BNewfieldExploration NFX.Z $5.19BQuicksilverResources KWK.Z $1.18B

MONTANA

Wood Mackenzie Research & Consulting predicted that the Bakken formation in Alberta & northern Montana could contain 2.6 billion barrels of recoverable oil

Hillcrest’s Teton & Pondera Counties - Montana

HILLCREST - IDENTITY BURST! CREATIVE GROUP

CONCEPT

Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.

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Corporate

Hillcrest Resources Ltd.#303-750WestPenderStreetVancouver, British ColumbiaCanadaV6C2T7

Telephone:604.609.0006Tollfree:855.609.0006

Web: www.hillcrestresources.comEmail:info@hillcrestresources.com

ContactDon CurrieCEO&DirectorTel:604.609.0006(Vancouver,BC)Email:dcurrie@hillcrestresources.com

Jason OdenPresident&Director(Houston,Texas)Email:joden@hillcrestresources.com

Share ListingTSX.V: HRH

Share Capital (as at December 9, 2011)SharePrice52week $0.13-$0.33SharesOutstanding 34,644,433WarrantsOutstanding 6,283,000OptionsOutstanding 2,700,000Fully Diluted Shares Outstanding 43,627,433Market Cap $6.5 Million

Disclaimer Certain information regarding the Companycontained herein may constitute forward-looking statementswithinthemeaningofapplicablesecuritieslaws. Forward-lookingstatementsmayincludeestimates,plans,expectations,opinions,forecasts,projections,guidanceorotherstatementsthatarenotstatementsoffact.AlthoughtheCompanybelievesthattheexpectationsreflectedinsuchforward-lookingstatementsarereasonable,itcangiveno assurancethatsuchexpectationswillprovetohavebeen correct. The Company cautions that actual performancewillbeaffectedbyanumberoffactors,manyofwhicharebeyondtheCompany’scontrol,andthatfutureeventsand resultsmayvary substantially fromwhat the Company currently foresees. Discussion of the various factors thatmay affect future results is contained in the Company’sAnnualReportwhich isavailableatwww.se-dar.com.TheCompany’s forward lookingstatementsare expressly qualified in their entirety by this cautionary statement.

ManagementDon Currie, Chairman• Over20yearsexperienceinoil&gasindustryworkingformajorand

small public companies• Since1994,Director&VPPublicCommunicationsofEnhancedOil

ResourcesInc.,anoil&gasexplorationandproductioncompany• ServedasManagerofCMDServicesLtd.from1992to2005andis

currentlyadirectorofElectricMetalsInc.

Jason Oden, President• AlicensedProfessionalGeophysicistholdingaBachelorofSciencefrom

theUniversityofAlberta• 25yearsexperienceindomestic&internationaloilandgasexploration• ServedasVP,ExplorationforGulfsandsPetroleum,anindependentoil&

gas company based in the UK• FormerExplorationManagerforBHPBillitonPetroleuminPerth,Australia

&Houston,Texas

Martin Wood, Director• Over12yearsexperienceinLondonbanking&financialcommunity

workingforN.MRothschild,StandardBankLondon&BenfieldGroup• Hasworkedonover$2Bworthoftransactionsfortheresourcesector• EstablishedVicarageCapitalLtd.-aprivatelyownedcorporate

development,investorrelationsandstockbrokingfirmfocusedon supporting small and mid cap natural resource companies

David Stone, Director (Independent)• Professionalengineerwithover30yearsexperienceinminingindustry

evaluating projects• HoldsaBachelorofAppliedSciencefromtheUniversityofBritish

Columbia,aPh.D.inCivilEngineeringfromQueensUniversity&an ExecutiveMastersofBusinessAdministrationfromQueensUniversity

• CurrentPresidentofMinefillServicesInc.anddirectorofBossPowerCorp.,SouthernArcMinerals,SuperiorMiningInternationalCorp.& ElectricMetalsandformerDirector/CEOofAdanacMolybdenumCorp.

OverviewHillcrestResourcesLtd.(TSX.V:HRH)isaCanadian-basedexploration,acquisitionandproductioncompanyfocusedonthedevelopmentofoilandnaturalgaswithintheprolificAlbertaBakken,MontanainadditiontoprojectsinTexasandArizona.

Thecompanyhasdrilledandcompletedtwowells(Donner1&2)inNewtonCounty,Texaswhichhavebeenproducingatarestrictedrateof72barrelsofoilperday.AdditionalgassalestooccurlateinFebruary2012.

Hillcresthasalsorecentlyacquiredapproximately28,000acreswithintheAlbertaBakkenBasininPondera-TetonCounty,NorthwestMontana.ThePondera-TetonCountyProspectcontainsoneproducingwellwithproductionat15boeperday.2Dand3DseismicsurveysareplannedforQ2andQ3of2012followedbyexplorationanddrilling.

Additionally,thecompanyowns30%ofanareaplayintheLivingstoneprojectlocatedinPolkCounty,Texas.Livingstonehasminorproductionanddoescontribute positive net revenue on a monthly basis. The company is currently evaluatingthepropertyandhasstartedreworkingsomeofitsproducingwells.

Hillcrestholdsa120,000acreprospectinArizonalocatedwithinthe Pedregosa Basin. It has the intent and objective to build company revenues throughtheexplorationofoilandgaspropertiesthroughouttheUnitedStates.

HILLCREST - IDENTITY BURST! CREATIVE GROUP

CONCEPT

Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.

Primary logo

Secondary logo

HILLCREST - IDENTITY BURST! CREATIVE GROUP

CONCEPT

Designed with the idea that a single flame marks the start of an exploration and approached with a classic sense, the start of a tradition and values are well perceived.

Primary logo

Secondary logo