Pencari Mining Corporation (TSX VENTURE:PMC) is pleased to announce results from
a recent batch of soil and rock samples collected during a preliminary
reconnaissance of its Ambatofosy uranium property in central Madagascar.
Positive uranium values from samples were obtained along the entire 3000 metre
trend of uranium bearing pegmatite. A total of 135 soil samples were collected
as part of the regional mapping program, with uranium values ranging from 10 to
780 ppm uranium returned from throughout the 3000 metre trend.


Continuing geological mapping and trenching programmes across the Ambatofotsy
prospect will run in conjunction with Pencari's regional trenching, geochemical
and geophysics programmes currently underway across the Itea gold project.


Uranium mineralization at Ambatofotsy is associated with an unusually large
pegmatite complex. Mineralization of potential economic interest is reported to
include betafite (a high uranium, columbium-tantalum mineral) and
columbite-tantalite (columbium-tantalum minerals). Both minerals are important
sources of tantalum, a high-tech metal used in electronics.


The initial assessment at Ambatofosy was performed by OMNIS (Office Nationale
des Mines et des Industries Strategiques), a Madagascar extra-governmental
agency that aids the mineral exploration industry by performing geological
services that include geological mapping, trenching and soil sampling. Pencari's
geological consultants directed and reviewed the results of the OMNIS work at
Ambatofosy.


A strong NW-SE trending uranium anomaly has been identified from an in-house
aerial radiometric survey. The recently completed OMNIS field program has
extended the uranium bearing pegmatite for 3000 metres beyond the known workings
which are reported to have produced uranium ore prior to World War II. The zone
remains open to the NW and SE. High spectrometer readings have been detected by
OMNIS along the entire trend. All high spectrometer readings are coincident with
uranium anomalies detected by an aerial radiometric survey done in September
2007. As part of the regional mapping program undertaken by OMNIS, a total of
135 soil samples were collected from anomalous areas of interest for analysis
with ALS Chemex in Johannesburg, South Africa. Uranium values of up to 780 ppm
uranium were returned from the vicinity of the old workings.


Information in this press release has been reviewed by Mr. Jerry Blackwell
P.Geo., a qualified person under NI 43-101.


Pencari Mining Corporation is an exploration company publicly traded on the TSX
Venture Exchange.


PENCARI MINING CORPORATION

Adrian Rollke, President, CEO & Director

This news release may contain forward looking statements based on assumptions
and judgments of management regarding future events or results that may prove to
be inaccurate as a result of exploration and other risk factors beyond its
control, and actual results may differ materially from the expected results.


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