PUC Pancontinental Resources Corporation

Pancontinental Uranium Corporation ("Pancon" or the "Company") (TSX VENTURE:PUC)
is pleased to announce that its Joint Venture partner, Crossland Uranium Mines
Limited ("Crossland"), issued the following press release today in Australia,
regarding the Charley Creek REE project in NT, Australia:


Approximately seven tonnes of alluvium from the Cattle Creek area at the Charley
Creek Project has been extracted and processed by the Crossland field team to
produce over 400kgs of first stage heavy mineral concentrate (HMC1).


This HMC1 sample has been forwarded to AML laboratories in Perth to use for
ongoing metallurgical testwork. The current focus of this testwork is as
follows:




a.  Refinement of the second stage of concentration using electrostatic and
    magnetic separation techniques to produce high grade mixtures of
    dominantly xenotime and monazite, with target TREO grades of over 50%. 
b.  The xenotime / monazite concentrate will be utilised as follows: 
    --  Samples will be sent to REE producers that have requested samples
        for evaluation 
    --  Ongoing metallurgical test work designed by Crossland's consultants
        including leach tests to confirm our consultants' expectations that
        these concentrates are amenable to simple dissolution approaches,
        involving the two most common REE process routes, utilising sulphate
        and chloride leaches. 



The overall objective of the metallurgical testwork program is to confirm at a
laboratory scale that the Charley Creek ore can be processed from mining through
to the production of saleable REE products, using well understood and low cost
technology. 


Shareholders will be advised as results of this important testwork come to hand.

The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled by Geoffrey S Eupene
CP, a Fellow of the Australasian Institute of Mining and Metallurgy. He is a
director of the Company and a full time employee of Eupene Exploration
Enterprises Pty Ltd. He has sufficient experience which is relevant to the
styles of mineralisation and types of deposits under consideration, and to the
activity which he is undertaking to qualify as a Competent Person as defined in
the December 2004 edition of the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (the JORC Code). Geoffrey S Eupene
has consented to the inclusion in this report of the matters based on this
information in the form and context in which it appears. 


About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company
focused on uranium and REE discovery and development. Through a joint venture
with Crossland Uranium Mines Limited ("Crossland") of Australia, Pancon has
established one of the strongest management teams in the uranium industry. This
management and operating team has unparalleled experience from exploration,
through development to operations, and includes people who were instrumental in
the discovery of two of the largest uranium deposits in the world. Pancon and
Crossland hold an impressive uranium and REE exploration portfolio with projects
in prolific, mining friendly districts. 


Exploration is ongoing or has occurred at three Australian projects which
include Chilling, Charley Creek, and Kalabity. The Chilling project has the
potential to host a mirror image of a portion of the renowned Alligator Rivers
Uranium Field containing the large Jabiluka, Ranger and Koongarra deposits.
Charley Creek has the potential for large alluvial REE deposits, and large,
lower-grade, Rossing-type, granite-hosted uranium deposits. The Kalabity project
lies in a district of historic uranium/radium mining that contains a variety of
known uranium deposit styles.


Pancon earned an initial 50% interest in this significant uranium and REE
project portfolio with Crossland through the expenditure of AUD$8 million. In
September 2011, due to prevailing poor financial market conditions, Pancon
elected to conserve its cash and avoid having to raise additional funds at
depressed share prices. As a result, Pancon ceased funding its 50% share of the
Joint Venture expenditures until the end of 2011. Pancon's interest was reduced
by 5%. According to the Joint Venture agreement, Pancon has the right to resume
funding at any time to maintain its interest and chose to do so effective Jan 1,
2012. Pancon and Crossland are also pursuing exploration beyond Australia
through an international subsidiary company, Crosscontinental Uranium Limited,
and plans include formulating an exploration program in Burkina Faso. 


ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject
to various risks and uncertainties that could cause actual results and future
events to differ materially from those expressed or implied by such statements.
Investors are cautioned that such statements are not guarantees of future
performance and results. Risks and uncertainties about the Company's business
are more fully discussed in the Company's disclosure documents filed from time
to time with the Canadian securities authorities.

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