This is Survival Horror Story: Catequesis, an 8-bit horror game with religious undertones. It's... pretty scary.
Above we have the newest trailer for SHS, which, as you might recall, stars Daniel, a boy trying to rescue his girlfriend. As you can see, the game is aiming for a good, dark atmosphere rather than graphical fidelity. I'd say they nailed it. Gameplay is, according to the developers, reminiscent of the first Zelda, with an ambience similar to Silent Hill's or Resident Evil's.