Pancontinental Launches New Web Site and Corporate Presentation to Reflect Expansion into Battery Metals

Pancontinental recently announced its option agreement, effective January 10, 2018, to acquire a 100% interest in the Montcalm West Nickel-Copper-Cobalt Project, located in the Porcupine Mining Division, approximately 65 kilometers northwest of Timmins, Ontario, Canada.

"Pancontinental's goal is to become a leading battery metals and gold explorer," said CEO Layton Croft. "We are pursuing four objectives to achieve that goal:

1. Capitalize on our experienced and successful technical team.
2. Focus on cobalt, nickel, copper and gold, all in or entering bull markets.
3. Acquire properties with established resources and/or in close proximity to producing or former mines in proven mining districts.
4. Target projects in low-risk North American locations with pro-mining local governments and communities, and excellent local infrastructure and labour supply.

Our new web site and corporate presentation provide more information about our Company's capability and plans for implementing these objectives to achieve our goal," Croft said.

About Pancontinental Gold Corporation

Pancontinental is a Canadian-based mining company focused on the exploration and development of its Montcalm West nickel-copper-cobalt project in Ontario, Canada, and its 100%-owned Jefferson gold project in South Carolina, USA. The Company continues to focus on acquiring additional prospective properties in low-risk areas in proximity to producing mines. In 2015, Pancontinental 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

Layton Croft

For further information, please contact:

Layton Croft
President and CEO
1-416-293-8437
1-980-309-8419
laytoncroft@pancongold.com

For additional information please visit our web site: www.pancongold.com, and our Twitter feed: @PanconGold.

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 in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.