DGAP-News

Pancontinental Gold Commences Jefferson Project Drill Program

DGAP-News: Pancontinental Gold Corporation / Key word(s): Miscellaneous
Pancontinental Gold Commences Jefferson Project Drill Program

15.11.2016 / 15:56
The issuer is solely responsible for the content of this announcement.

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Toronto, Ontario--(Newsfile Corp. - November 15, 2016) - Pancontinental
Gold Corporation (TSXV: PUC) ('Pancon Gold' or the 'Company') is pleased to
announce the commencement, on Monday, November 14, 2016, of its drill
program at the Company's flagship Jefferson Gold Project in Chesterfield
County, South Carolina, United States. After compiling and reviewing the
historic exploration data from the Jefferson Project, Pancon Gold's
strategic objective is to develop an initial gold resource through a staged
drilling program. This initial stage, consisting of approximately 5,000
feet (1,524 metres) of diamond drilling, will continue into early 2017.

Pancon Gold's initial drill program at Jefferson builds on the very
positive results from drilling in 2011 by the previous project owners. All
four holes in 2011 were drilled on Anomaly A and encountered
mineralization, with the best hole averaging 1.27 grams of gold per tonne
over 539 feet (164.3 metres), true width unknown. Detailed drill results
for all four holes drilled in 2011 were included in Pancon Gold's news
release of May 25, 2016.

Pancon Gold's drill program will again focus on the Anomaly A area,
stepping out from the 2011 drill section in both directions along the
east-west gold trend. Two new fences will be drilled approximately 200 feet
(75 metres) west and east of the 2011 drill section. All new holes will be
angled toward the south, and will range in depth from 400-600 feet (135-200
metres). Core samples will be shipped to ALS Chemex for fire assay and
inductively coupled plasma (ICP) multi-element analyses. Dr. Margaret
Venable, a seasoned exploration geologist with more than 30 years of
experience managing and directing projects around the world, is supervising
Pancon Gold's initial drill program.

Dr. Laurie Curtis, Chair of Pancon Gold's Technical Advisory Committee
states 'We are now ready to begin our drilling at Jefferson. I would like
to compliment our team on their thorough analytical process. We fully
expect this first drill program will advance the highly mineralized
Jefferson Project towards achieving the Company's goal of defining an
attractive initial gold resource.'

The Jefferson Project is located six miles east of the Haile gold mine,