DGAP-News

Pancontinental Gold Commences Jefferson Project Drill Program - Seite 2

which, according to its owner OceanaGold, will commence commercial
production in early 2017 after completing its $380 million construction
phase. Like Haile, which is a proven multi-million ounce gold resource, the
Jefferson Project is part of the exceptional Carolina terrane, extending
from Georgia to Virginia. The Carolina terrane spawned the first gold rush
in the United States in the early 1800s, has been mined by well known
producing companies until the 1990s, is host to gold deposits in South
Carolina and four other States, and continues to be actively explored
today.

Dr. Dennis LaPoint, PhD, LGeo, the Company's Vice-President of Exploration,
is a qualified person under National Instrument 43-101 - Standards of
Disclosure for Mineral Projects, and has verified and approved the
technical information contained in this news release.

About Pancontinental Gold Corporation

Pancontinental Gold Corporation is a Canadian-based mining company focused
on the exploration and development of the Jefferson Gold Project and on
acquiring additional prospective gold properties. The Company's shares are
listed on the TSX Venture Exchange, trading under the symbol PUC. In 2015,
Pancon Gold sold its interest in its Australian rare earth element (REE)
and uranium properties, formerly held through a joint venture, and retains
a 1% gross overriding royalty on 100% of future production.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President & CEO

For further information, please contact:

Rick Mark
President and CEO
1-416-293-8437 or [e-mail]

For additional information, please visit our website at www.PanconU.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Cautionary Language and Forward Looking Statements

This news release contains forward-looking information which is not
comprised of historical facts. Forward-looking information is characterized
by words such as 'plan', 'expect', 'project', 'intend', 'believe',
'anticipate', 'estimate' and other similar words, or statements that
certain events or conditions 'may' or 'will' occur. Forward-looking
information involves risks, uncertainties and other factors that could
cause actual events, results, and opportunities to differ materially from
those expressed or implied by such forward-looking information. Factors
that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays