Pancontinental Uranium Corporation (TSX VENTURE:PUC) ("Pancon" or the "Company")
is pleased to announce that its JV partner, Crossland Strategic Metals Limited
(ASX:CUX), has appointed Mr. Sia Hok Kiang to the Crossland Board. In addition
to joining the Board Mr. Sia will make a common share investment in Crossland of
approximately A$1.2 million in two tranches in August and September, 2013. The
details of the investment were reported on August 6 in Crossland's ASX release.
The investment will be through Mr. Sia's Malaysian Company, HK Rare Earths Sdn.
Bhd.


Pancon President and CEO, Rick Mark, states: "This is a very positive
development for our Charley Creek Heavy(HREE) and Critical(CREE) REE Project,
located in the Northern Territory, Australia. Not only have Crossland confirmed
a substantial investment to help move the project forward, they have added
relevant experience and expertise in REE alluvial mining and marketing."


Mr. Sia is Managing Director of the successful Malaysian private mining company,
Malaco Mining Sdn. Bhd. He is a graduate of the University of Malaya in Applied
Geology and an economic geologist with more than 30 years world-wide experience.
He is an active member of the Malaysian Geological Society and a Council Member
of the Malaysian Chamber of Mines. 


Mr. Sia has a solid business reputation throughout Asia, with useful contacts in
several Asian countries. He has extensive experience in bulk alluvial mining in
Malaysia, including the extraction of the rare earth minerals "Xenotime and
Monazite" as by-products of tin mining. Crossland believes that Mr. Sia's
experience is very appropriate for the Charley Creek Alluvial Rare Earth
Project, which is also based on the extraction of "Xenotime and Monazite" from
alluvial material, and he will assist the JV to develop this project and deliver
early cash flow.


About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company
focused on Rare earth elements (REE) and uranium discovery and development.
Through a joint venture with Crossland Strategic Metals Limited ("Crossland") of
Australia, the combined 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.
Pancon has a 45% participating interest in the Australian project portfolio.


Exploration is ongoing or has occurred at three Australian projects, known as
Charley Creek, Chilling, and Kalabity. Charley Creek has the potential for large
alluvial REE deposits (a positive JORC-compliant Scoping Study was released in
Australia on April 16, 2013), as well as the potential for 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.


ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

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 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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