Hymenochaete cruenta is a saprotrophic fungus, grown mainly on the bark of dead branches and trunks of Abies trees and thus the distribution of this fungus in Poland and other European countries is closely connected with natural range of silver fir. Despite its wide range, H. cruenta is considered as rare in the whole area of its occurrence. In this paper, we present a new locality of H. cruenta, discovered in May and September 2016 in the Olbina nature reserve (southern Wielkopolska Lowland, Kalisz Forest District). Ecological notes and macro- and microscopic feature of basidiocarps of this fungus are presented. Additionally, the current distribution of H. cruenta in Poland comprising 78 localities is provided. The rank of H. cruenta among threatened species categories in different European countries is discussed. It seems that the species is rare and threatened in Poland, and it should be still classified as “vulnerable” on the red list of macrofungi. The significance of H. cruenta for diversity of mycobiota and the necessity of further research on the dynamic of occurrence of H. cruenta inside and outside of the natural range of A. alba is underlined.