NOT FOR DISSEMINATION INTO THE USA

Pancontinental Uranium Corporation (TSX VENTURE:PUC) ("Pancon" or the "Company")
is pleased to announce that it has closed a non-brokered private placement (the
"Offering") (see news release April 5, 2013).


The Offering consisted of 7,716,663 units (the "Units") of the Company at a
price of $0.09 per Unit, for aggregate gross proceeds of $694,499.75. The
Company plans to use the proceeds of the Offering to fund exploration and
development work in its Joint Venture in NT, Australia and for general working
capital purposes.


Each unit is comprised of one common share (a "Common Share") in the capital of
the Company and one half of one Common Share purchase warrant (each whole
warrant, a "Warrant") of the Company. Each Warrant is exercisable to purchase
one Common Share at a price of $0.15 per Common Share for a period of eighteen
months following the closing of the Offering provided that if, at any time after
the date that is more than four months and one day following the closing of the
Offering, the Common Shares trade on a stock exchange at a volume weighted
average trading price of $0.30, or greater, per Common Share for a period of 20
consecutive trading days, the Company may accelerate the expiry date of the
Warrants by giving notice to the holders thereof. In such case, the Warrants
will expire on the 30th day after the date on which such notice is given by the
Company. 


In connection with the Offering, the Company paid certain finders cash
commissions totalling $14,999.95 and issued an aggregate of 166,667 finder
Warrants, each finder Warrant exercisable into one Common Share at an exercise
price of $0.15 per share for a period of 18 months after the closing of the
Offering, with identical provisions to the Unit warrant.


All of the Common Shares and Warrants issued pursuant to the Offering are
subject to a four-month hold period and the Offering remains subject to final
acceptance by the TSX Venture Exchange.


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, 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 REE and uranium exploration portfolio with projects
in prolific, mining friendly districts. 


Exploration is ongoing or has occurred at three Australian projects which
include Charley Creek, Chilling, and Kalabity. Charley Creek has the potential
for large alluvial REE deposits, and large, lower-grade, Rossing-type,
granite-hosted uranium deposits. 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 The Kalabity
project is in a district of historic uranium/radium mining that contains a
variety of known uranium deposit styles.


Pancon has a 45% participating interest in this significant REE and uranium
project portfolio. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pancontinental Uranium Corporation
Rick Mark
President and CEO
604-986-2020 or 1-866-816-0118
604-986-2021 (FAX)
www.PanconU.com
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