Pancontinental Resources Corp (PUC)

[EnergyGuy62]

Dear Pancon followers, Today's release from Australia summarizes our progress in developing the REE opportunity at Charley Creek. Geoff Eupene has provided a detailed statement of the status of the program to date and also describes the processes he is using to analyze and develop this REE discovery. The REE discovery is at surface and the timeline to understanding what we have is very short. As you will read, an REE production scenario is part of the 2011 business being contemplated. You can expect a thorough update on the Chilling Project, including 2011 plans and results from the U drilling at Charley Creek, in January. Best Regards, Rick Mark CEO Pancontinental Uranium Corp. RARE EARTH ALLUVIAL SAMPLING PROGRAM AT CHARLEY CREEK, NT, PROGRESSING WELL; OVER 200 SAMPLES COLLECTED Vancouver, B.C., December 21, 2010. Pancontinental Uranium Corporation (TSX-V: PUC) ("Pancon") and joint venture partner Crossland Uranium Mines Ltd. (ASX:CUX) ("Crossland") are pleased to update shareholders on the rare earth alluvial sampling program from the Charley Creek Project, Northern Territory, Australia. Highlights The accelerated two-part, Phase One Rare Earth Elements (REE) alluvial sampling program is progressing on schedule; over 200 samples collected to date. Results of the Phase One program on the REE program are expected early in 2011. Assuming these results prove positive, an evaluation leading to Resource definition is planned to commence immediately, with the aim of being completed by late in 2011 on an initial alluvial volume. Background On November 1, 2010, Pancon and Crossland announced that extensive alluvial deposits have been identified in their Charley Creek Project, and that these deposits contained heavy minerals with rare earth elements (REE). These REE are present in phosphate minerals that should be readily processible using available REE extraction technology. The heavy mineral concentrate produced from the initial Charley Creek tests weighed approximately 2kg and contained grades and proportions of individual REE as indicated in the following table. The concentrate was produced from panning approximately 400kg of alluvium, followed by removal of the magnetic minerals from the sample and a TBE heavy liquid separation.

[EnergyGuy62]

THANK YOU GOD!!! THANK YOU PANCON!!! Made more money already with Pancon than I did with Forum last year. :)

[sumisu]

Pancon/Crossland Announce Initial Uranium Drill Results From the Charley Creek Project, NT Australia

Pancontinental Uranium Corporation On Wednesday December 1, 2010, 6:30 am EST

http://finance.yahoo.com/news/PanconCrossland-Announce-iw-2406335144.html?x=0&.v=1

[EnergyGuy62]

How Soon Before Pancon Over $1 A Share? Vancouver, B.C., November 22, 2010. Pancontinental Uranium Corporation (TSX-V: PUC) ("Pancon") and joint venture partner Crossland Uranium Mines Ltd. (ASX:CUX) ("Crossland") have commenced an aggressive first phase auger drilling program to follow up the encouraging results for rare earth elements (REE) announced earlier this month from their Charley Creek Project in the Northern Territory, Australia, and are also establishing an on-site sample processing facility. Rare Earth Oxide content of at least 39% As announced on November 1, 2010, high values for REE were noted from assays of a heavy mineral concentrate collected from alluvial deposits at Charley Creek. The heavy mineral concentrate returned total rare earth oxide (REO) contents of at least 39%, though the upper detection limit of the assay method was exceeded for several REE. This has probably resulted in an under-estimation of all REO values in the sample. These deposits were formed directly from the source of REE within the Teapot Granite, which also contains separate uranium anomalies that are currently being drilled by the Pancon/Crossland joint venture (the "Joint Venture"). Rapid assessment of Development Potential The current drilling program is intended to rapidly assess the potential for development of an alluvial mining operation to produce a heavy mineral concentrate, with similar REO contents to those in the initial sample, and quickly capitalize on the global shortage of certain REE, particularly the heavy REE. The Joint Venture believes that a REE-rich heavy mineral concentrate of the type that can readily be produced from the alluvial deposits draining from the Teapot Granite will find markets and that it is possible in this setting to quickly quantify the resource and get it to production. That market could reach several thousand tonnes of contained REO annually. The program will target the rapid assessment of the quantity of alluvium, the concentration of heavy mineral containing REE within the alluvium, and the REE content of that heavy mineral concentrate. The Joint Venture plans to: Conduct an initial auger drilling program to define areas for quantification of heavy mineral resources. Establish an on-site alluvial sample processing facility to produce heavy mineral concentrates for submission to accredited laboratories for REE analysis. Determine the variability in REO ratios from various source areas in the Teapot Granite. It is possible that the contents of various REOs will vary across the more than 50 square kilometre area of outcrop of the Teapot Granite, and there may be potential to tailor the production mix of REO to suit specific markets. Assure that accurate, routine analytical methods are available from commercial laboratories for determining the high REO contents that are likely from heavy mineral concentrates that will be produced at the Joint Venture's heavy mineral processing facility. The initial REE results indicate that present analytical methods, routinely available in Australia, are inadequate to provide accurate REE content at the high levels present in these samples. The Joint Venture has already commenced the set-up of the on-site processing facility, and expects this to be in operation by early in December, 2010. The sampling program aimed at defining the variability of REO distribution will commence on November 21st. The results of this phase of the program should be available before the end of January 2011. This first phase of activity will, if warranted, be followed by quantification of the more promising alluvial sources, with the aim of bulk sampling of the resource, so defined, before the end of 2011. Successful market testing of the heavy mineral concentrate should lead to an early feasibility study, production decision and production permitting work. All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon. About Pancontinental Uranium Corporation Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium discovery and development. Through a 50:50 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 exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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, 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 has earned a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate plans include formulating an exploration program in Burkina Faso. ON BEHALF OF THE BOARD OF DIRECTORS Rick Mark President & CEO

[EnergyGuy62]

Uranium Price Moving UP. Sumi, Projections Coming True:)

Current Uranium price as of 11/08/2010 is $58.50 a pound! That's noticeably higher than the mid forties not too long ago. Sumi, I LOVE PUCCF! I think ths will be my best stock so far!

[sumisu]

Pancon Reports Rare Earth Heavy Mineral Concentrate Results From Charley Creek, Northern Territory

Press Release Source: Pancontinental Uranium Corporation On Monday

November 1, 2010, 6:30 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 11/01/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon") is pleased to report that its joint venture partner, Crossland Uranium Mines Ltd, (ASX:CUX - News) ("Crossland") has identified extensive alluvial deposits that host heavy minerals containing rare earth elements (REE) at the joint venture's Charley Creek Project area in Northern Territory, Australia. These REE deposits are separate from Crossland's uranium prospects, which remain the Joint Venture's primary focus at Charley Creek and elsewhere.

HIGHLIGHTS

http://finance.yahoo.com/news/Pancon-Reports-Rare-Earth-iw-110680345.html?x=0&.v=1

[sumisu]

Pancon Updates Progress on Australian Uranium Properties; Closes $625,000 Private Placement

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Press Release Source: Pancontinental Uranium Corporation On Thursday October 28, 2010, 4:49 pm EDT

http://finance.yahoo.com/news/Pancon-Updates-Progress-on-iw-2853492689.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 10/28/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon") is pleased to report the closing of its non-brokered private placement as well as the highlights of its Australian 50:50 Joint Venture partner's, Crossland Uranium Mines Limited ("Crossland") (ASX:CUX - News) Quarterly report for the period ending September 30.

CLOSING OF PRIVATE PLACEMENT

Pancon has now completed its previously announced private placement of 5,000,000 units at a price of $0.125 per unit for gross proceeds of $625,000. Each unit is comprised of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share for a period of two years at a price of $0.25 per share, provided that, if at any time, which is more than four months and one day following the closing date, the volume weighted average trading price of the common shares of the Company, as traded on the TSX Venture Exchange, meets or exceeds $0.40 for 20 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants to a date which is 30 days following the date of such notice. The securities issued pursuant to the private placement are subject to a four-month hold period.

The funds raised will fund exploration work and general working capital. The financing remains subject to final acceptance by the TSX Venture Exchange.

HIGHLIGHTS OF CROSSLAND's QUARTERLY REPORT

Chilling Project, NT

Significant mapping, geochemical sampling and spectrometer surveys completed during the quarter, and air core, RC and diamond drilling planned if, or when, the unseasonal wet allows access.

Charley Creek Project, NT

730 metres of diamond core drilling have been completed, with an additional 1,000 metres planned, as the weather allows. Results of analysis of 556 samples already submitted are expected shortly. Field crew continues with spectrometer surveys, mapping and petrographic studies.

Kalabity, South Australia

CUX has earned its 60% interest from PlatSearch NL and Eaglehawk Geological Prospecting Pty Ltd. The Company is awaiting report from metallurgical laboratory before any further work is planned.

OVERVIEW

During this period, Pancon reached the A$8 million expenditure commitment and has earned its 50% interest in all of Crossland's Australian uranium properties. Pancon and Crossland now each pay 50% of exploration costs and a fixed monthly overhead and equipment usage charges.

Drilling proceeded at Cockroach Dam Prospect during the quarter, and an intensive field program was mounted at Chilling to make up for delays to the field season through late rains. Unseasonal rains continued in the Charley Creek area throughout the Quarter, and a return of rain was experienced in Chilling as well. This weather has had an impact on field work in both areas. Some changes to procedures and to the expectations from the season's field work have resulted from this.

EXPLORATION DETAIL

Chilling Project, NT (EL22738, EL23682, EL24557, EL25076, EL25077 and EL25078: EL a)27440, EL27441, EL(a)27442, EL27525, EL(a)28314)

At the Chilling Project, Crossland's primary targets are unconformity-related uranium deposits, the deposit style that hosts most of the world's high grade uranium. Other target commodities exist, such as gold, tin, copper, and cobalt. Other uranium deposit styles are also possible.

In the Buchanan Window, an intensive program of geological mapping, geochemical sampling and spectrometer surveys proceeded throughout the quarter. This led to the firming up of 11 drill sites and access to many of these has been established. The geological mapping firmed up the comparison of the Buchanan Window with the geological setting of the Rum Jungle embayment. Extensive occurrences of hematite quartz breccia (HQB), and associated displaced blocks of Tolmer Group sediments, have been noted. These features are common in most unconformity-style deposits in the district. Several occurrences of radiometric anomalies adjacent to these structures are important targets of the planned drilling program.

Spectrometer surveys and additional geochemical sampling and geological mapping has also commenced at the Allia Window, which hosts the MEMA prospect containing outcropping secondary uranium minerals, as well as prominent late structural features that we consider prospective for uranium. Data on the nearby Fletchers Gully gold prospect, wholly within the Crossland- Pancon Joint Venture tenements, is also being reexamined in view of current gold prices. Sacred site clearance certificates for this area, requested in March, have yet to be provided for areas of Chilling outside the Buchanan Window, and this has prevented establishment of new access tracks and drilling sites. At the time of writing, some progress has been reported from AAPA on completing this work, but it is doubtful now if these will be received in time to permit the planned programs on these areas with the early start to the wet season.

An aircore and RC drill program of over 3,000m, and diamond core drilling of 1,400m had been planned to test various opportunities at Chilling in 2010. At the time of writing, we have doubts that it will be possible to execute this program with the onset of early rains, and alternatives to our planned approach to the mix of drilling and mode of execution are being re-evaluated in view of the unseasonal access challenges. These include investigation of equipment that would permit drilling to proceed to a limited degree into the wet season with helicopter support. The costs and benefits of this will need to be weighed carefully. Re- evaluation and surface mapping of both March Fly and Eccles uranium prospects has commenced and will proceed as long as field work can be sensibly maintained.

Charley Creek Project, NT (EL24281, EL 25230; EL25657,EL27283, EL27284, EL27338, EL27358, EL27359, ELa28154, ELa28155, ELa28224, ELa28226, ELa28281)

At the Charley Creek Project, Crossland is targeting granite-related uranium; with calcrete and redox-related palaeodrainage uranium targets; rare earth deposits, and layered mafic intrusive- related copper, nickel and platinoids as other targets.

Six holes and 730m of diamond core drilling were completed at the Cockroach Dam Prospect during the quarter. Five holes were completed at Cockroach East, while holes CED2010_006 and later will be drilled at Cockroach Central. A further ten holes are planned in the initial stage of the campaign. Both drilling and the consequent processing of the holes has suffered delays because of the wet weather, and at the time of writing results were awaited for some 556 samples that have been submitted to the assay laboratory.

Results for the first 132 of these are expected soon. Down hole radiometric probe results have been used to assist in selecting sampling intervals, and for planning from hole to hole as our knowledge of the distribution of radioactivity increases. The market is reminded of Crossland's long- stated policy of only announcing assays of elemental uranium, not radiometric estimates. This means there will be a lag of some weeks, usually about four weeks, from drilling to announcement of results. The additional delays we have experienced here have been partly due to impediments to core processing caused by the wet weather, and laboratory load issues.

Field crews continued work at Charley Creek during the quarter, with gamma spectrometer surveys at Cockroach Dam prospect with up to five instruments in use, geological mapping and petrographic studies of the Cockroach Dam prospect area, and anomaly follow-up over a broader area of Charley Creek.

The CLC clearance certificate covering our broader program beyond Teapot Dam/Cockroach Dam is still awaited. This has apparently been delayed by the weather as well. This also has the consequence of postponing the commencement of a proposed employment program for young aboriginals from the district, for which plans have been developed.

Results are awaited for assays of a sample of alluvial heavy minerals that has been subjected to concentration using heavy liquids, a simple physical process applicable to segregated heavy mineral grains from waste materials. It is expected that these will have elevated Rare Earth values, particularly for heavy REE. This will demonstrate if REE concentrations of interest can be produced from alluvium at Cockroach Dam using simple and cheap physical concentration methods, and is the first step in what may become a significant REE exploration program if the results are successful. Crossland sees the REE potential of the extensive volumes of alluvium derived from certain phases of the Teapot Granite and its host rocks as of considerable interest, but of secondary importance to the uranium potential of the Cockroach Dam Prospect.

An extensive airborne geophysical survey of the recently- expanded eastern portion of the Charley Creek Project area, including the Cloughs Dam Joint Venture with Western Desert Resources on EL25657, was slated for early October. This has been postponed given the likelihood of weather interference. The survey will proceed when the weather outlook is clearer.

Bloodwood, NT (EL27373)

The Bloodwood Project was recently acquired to follow up favourable previous exploration for uranium, gold and base metals.

No work was possible because of the inclement weather affecting Central Australia.

Highland Rocks, NT (ELa's27374, 27375, 27571, 27572)

The Highland Rocks Project covers a setting conducive for uranium and gold deposits extending onto Aboriginal Freehold land near the Bloodwood Project.

A meeting scheduled to put our program proposals to Traditional Owners had to be postponed until next year because of tensions in the Yuendemu community.

Kalabity, South Australia (EL4461)

At Kalabity, Crossland's interest is through an agreement with PlatSearch NL and Eaglehawk Geological Prospecting Pty Ltd to earn a majority share in EL4461 (Formerly EL3297). Previous work has identified widespread elevated values of uranium and other metals. Recent work by Crossland has identified a new anomalous zone which has been named the Tabita Prospect.

Samples of material with elevated uranium and vanadium values from the trenching program completed earlier this year have been submitted to a reputable metallurgical laboratory for test work to determine if an upgraded product can be prepared by simple physical means. If this is the case, then an expanded exploration program to extend the mineralized zones at the Tabita Prospect will be undertaken.

New Projects

Crossland continues to examine opportunities to expand its project portfolio.

Burkina Faso, West Africa

1. Oursi Joint Venture

Crosscontinental has entered an interest-earning Joint Venture with Southern Cross Exploration NL and Longreach Oil NL.

There is no activity to report.

2. Applications by Crosscontinental Burkina SA and related parties

The progress with the additional applications lodged on behalf of Crosscontinental is slow and it is difficult to allocate a priority to work on these at present.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium discovery and development. Through a 50:50 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 exploration portfolio with projects in prolific, mining friendly districts.

Active exploration is ongoing 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, 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 has earned a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate 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.

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.

Contact:
Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118604-986-2021 (FAX)

http://www.PanconU.com

[sumisu]

You continually demonstrate the ability to present up-to-date relevant information about all investments.

Thanks for the Pancon update; it sounds exciting.

sumi

[EnergyGuy62]

Pancon should begin releasing assay results for the eastern part of Charley Creek next week or, at the latest the week after next week. Remember, all the chip samples had a range of almost a pound of U308 to almost 10 pounds of uranium. It will be interesting to see how accurate the chip samples are in relation to the actual drill results.

[EnergyGuy62]

What excites me about the latest news release.

All 186 rock outcrop samples collected by Crossland Geologists from the Teapot Granite averaged almost 1 pound per tonne U3O8, with individual values exceeding 10 pounds per tonne U3O8.

[EnergyGuy62]

PANCON UPDATES PROGRESS ON AUSTRALIAN URANIUM PROPERTIES; PHASE 2 DRILLING HAS BEGUN AT CHARLEY CREEK AND IS ABOUT TO BEGIN AT CHILLING
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Vancouver, B.C., September 23, 2010. Pancontinental Uranium Corporation (TSX-V: PUC) ("Pancon") is pleased to report that it has now earned its 50% interest in the uranium properties of Crossland Uranium Mines Limited ("Crossland") (ASX: CUX) in Australia. Pancon is also pleased to update shareholders on current activities at Charley Creek, Chilling, and Kalabity.
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Charley Creek:
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Throughout 2010, JV partner, Crossland, worked diligently to obtain access approvals from Aboriginal organizations responsible for land access in Australia. Crossland was successful and received the access approvals in mid-July. This access related to the Crossland titles in the Cockroach Dam area, where Crossland has?obtained very strong uranium radiometric results from the Teapot Granite. Cockroach Dam is part of the Charley Creek Project in NT, Australia.
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Crossland's titles contain over 50 square kilometres of Teapot Granite. All 186 rock outcrop samples collected by Crossland Geologists from the Teapot Granite averaged almost 1 pound per tonne U3O8, with individual values exceeding 10 pounds per tonne U3O8. ?Detailed ground spectrometer surveys and?geological?mapping, designed to assist in locating sites for drill holes, continued until agreement from Aboriginal custodians was obtained to drill.
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Intensive interaction with local?traditional?groups occurred during the first six months of the year, including some large gatherings of local people accompanied by officers of the Central Land Council, the statutory body representing traditional Aboriginal owners in Central Australia. During these meetings, the family group that has?traditional?links to the Cockroach Dam area was identified and this group indicated their strong positive desire to proceed with our exploration efforts on?their traditional?lands. ?Following ratification of these wishes, Crossland began preparation for the drill program at Cockroach Dam in mid-July.
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This involved clearing and the construction of approximately 40 km of new and/or upgraded ranch tracks, and the engagement of a drill contractor. ?Unfortunately, soon after the necessary approvals were?obtained, weather conditions in central Australia deteriorated, with wet weather delaying the construction of access roads and the?commencement?of?drilling. By late July, a?drill was on site and drilling had commenced.
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The first 5 holes of the program, phase 1, were drilled at Cockroach East. These 5 holes are now?completed, and core processing is under way. Samples from the first 2 holes will be delivered to the laboratory on September 22. Results from the initial submission should be available in about three weeks.
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Access to the very prospective Cockroach Central is now possible and phase 2 drilling at Cockroach Central began on September 21. Procedures have now been implemented to enable continued drill production and core processing even if high rainfall continues.
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Reconnaissance of the Bloodwood area, recently acquired from Global Geoscience Ltd., will proceed when weather conditions are conducive to off-road desert travel.?
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A limited airborne survey of a newly secured exploration license covering a western extension of the Teapot Granite has been completed. A more extensive survey of areas to the east of the original Charley Creek titles is planned for October, if weather patterns stabilize.?CLICK?HERE TO READ MORE
For more information?on the North Shore Mining Group,speak with a Company representative at
1-866-816-0118 or 604-986-2020.
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[sumisu]

EG, thanks for the weather update; we need good weather to drill, but the weather will not affect what is already in the ground. Patience must be a virtue.

My take on Pancontinental and other uranium companies boil down to buying into a sector which is at its low point. These entries points will pan out for us later.

PUC is a sock drawer investment; buy it and wait, in fact, don't follow it daily.

Peak Oil and the demand for alternative energies are around the corner and we are prepared with our investment strategy, and that includes Pancontinental.

Still love our proximity to China! Australia's geographic location is always an advantage to us.

thanks,

sumi

[EnergyGuy62]

No Update This Week...Here's Why...

I sent Rick Mark an email asking why and this was his response:

"It is raining and raining and raining in Alice Springs...Google it"

Patience is truly a virtue with this stock. :) But its holding in there nicely price-wise. Sooner or later the weather will co-operate and the boys can get started drilling and making us richer.

[EnergyGuy62]

There should be an update on Charley Creek drilling activities released next week.

[EnergyGuy62]

Pancon Earns 50% Interest 1000,000+ Acres Australian Uranium Lands

Vancouver, B.C., August 31, 2010. Pancontinental Uranium Corporation (TSX-V: PUC) ("Pancon" or the "Company") is pleased to announce that its Board of Directors has approved the final payment to earn the Company a 50% interest in the Australian uranium properties held by Crossland Uranium Mines Limited ("Crossland"): the Chilling project, the Charley Creek and related projects, and the Kalabity project.? A final transfer of funds this week will complete the AU $8 million of expenditures required to earn the Company's 50% interest.
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President and CEO Rick Mark states: "We are pleased to inform our shareholders that we are about to achieve this ownership milestone. Funds are being transferred to Australia today and closing is expected Thursday. ?Our Australian properties are tremendously prospective to host economic orebodies and all have been advanced significantly during our earn-in period over the past three years. We look forward to working with Crossland as full 50/50 partners in Australia."
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In addition, the Company is arranging a non-brokered private placement of up to 5,000,000 units at a price of $0.125 per unit for gross proceeds of up to $625,000 Cdn.
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Each unit will be comprised of one common share in the capital of the Company and one share purchase warrant (a "Warrant"). Each Warrant is exercisable to purchase one additional common share over a two-year period at a price of $0.25 per share, provided that, if at any time, which is more than four months and one day following the Closing Date, the volume weighted average trading price of the common shares of the Company, as traded on the Exchange, meets or exceeds $0.40 for 20 consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants to a date which is 30 days following the date of such notice.

[EnergyGuy62]

Nice little pop up in price today. :) It wasn't too long ago that PUC was .07 CDN it closed today at .13 CDN.

[sumisu]

Pancon/Crossland Further Expands NT, Australia Property Package Through Joint Venture With Western Desert Resources

Press Release Source: Pancontinental Uranium Corporation On Wednesday August 4, 2010, 1:12 pm EDT

http://finance.yahoo.com/news/PanconCrossland-Further-iw-343632720.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 08/04/10) - Pancontinental Uranium Corporation (TSX-V) ("Pancon") is pleased to advise that its joint venture partner Crossland Uranium Mines Limited ("Crossland") (ASX:CUX) has announced today a further expansion of the NT, Australia area covered by their key Charley Creek Uranium Project by entering into a joint venture with Western Desert Resources Ltd (WDR) on that company's Clough's Dam property, EL25657.

The new Joint Venture follows Pancon/Crossland's announcement yesterday that they had acquired another neighboring uranium exploration area, Bloodwood-Highland Rocks, from Global Geoscience Ltd.

The nearly 400 square kilometre area under the WDR Joint Venture, combined with recent EL acquisitions and applications, will take the total area covered by Pancon/Crossland's Charley Creek Project to over 4,590 square kilometres.

Pancon and Crossland remain primarily focused on the uranium potential of the Charley Creek Project, where core drilling has recently commenced within their Cockroach Dam Prospect, and their strong commitment to the district means that additional areas can be explored cost effectively. In addition to uranium, Crossland's work in the Charley Creek Project area over several years has identified other areas of interest including potential for deposits such as nickel and platinoids associated with layered mafic intrusives, as well as rare earth elements (REE).

Basic stream sediment surveys and comprehensive airborne geophysical coverage by Northern Territory Geological Survey programs give good basic data that has already generated targets for follow up within Clough's Dam. Pancon and Crossland are planning a detailed airborne radiometric survey of the newly acquired areas later this year.


--The terms of the WDR Joint Venture are that Pancon/Crossland will spend $100,000 on exploration within 12 months of entering the agreement and before withdrawal from the agreement. Pancon/Crossland will expend a total of $500,000 within 3 years to earn a 60% interest in the title, at which point WDR has the option to participate, or to reduce to a free carried interest of 20% to completion of a feasibility study. At that stage, WDR may elect to participate at 20% interest, or reduce to a 2% net smelter return royalty on production.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate plans include formulating an exploration program in Burkina Faso.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

For additional information, please visit our website at www.PanconU.com.

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.

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.

Contact:

Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118604-986-2021 (FAX)www.PanconU.com

[EnergyGuy62]

PANCON/CROSSLAND FURTHER EXPANDS NT, AUSTRALIA PROPERTY PACKAGE THROUGH JOINT VENTURE WITH WESTERN DESERT RESOURCES ? ? ? Vancouver, B.C., August 4, 2010. Pancontinental Uranium Corporation (TSX-V: PUC) ("Pancon") is pleased to advise that its joint venture partner Crossland Uranium Mines Limited ("Crossland") (ASX: CUX) has announced today a further expansion of the NT, Australia area covered by their key Charley Creek Uranium Project by entering into a joint venture with Western Desert Resources Ltd (WDR) on that company's Clough's Dam property, EL25657. ? The new Joint Venture follows Pancon/Crossland's announcement yesterday that they had acquired another neighboring uranium exploration area, Bloodwood-Highland Rocks, from Global Geoscience Ltd. ? The nearly 400 square kilometre area under the WDR Joint Venture, combined with recent EL acquisitions and applications, will take the total area covered by Pancon/Crossland's Charley Creek Project to over 4,590 square kilometres. ? Pancon and Crossland remain primarily focused on the uranium potential of the Charley Creek Project, where core drilling has recently commenced within their Cockroach Dam Prospect, and their strong commitment to the district means that additional areas can be explored cost effectively. In addition to uranium, Crossland's work in the Charley Creek Project area over several years has identified other areas of interest including potential for deposits such as nickel and platinoids associated with layered mafic intrusives, as well as rare earth elements (REE).?

[EnergyGuy62]

Sumi, thanks for the post! I didm't receive the latest news in my email. :( Thanks Buddy for backing me up...I really appreciate it! :) Looks like a good group of properties Pancon has jointly acquired. Go Pancon! Find Uranium! Yeowww!!!

[sumisu]

Companies:PANCONTINENTAL URANIUM CORPORAT Related Quotes

Press Release Source: Pancontinental Uranium Corporation On Tuesday August 3, 2010, 2:22 pm

http://finance.yahoo.com/news/PanconCrossland-JV-Acquires-iw-2569170421.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 08/03/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon") and its joint venture partner, Crossland Uranium Mines Ltd ("Crossland") (ASX:CUX - News) advise that they have further expanded their Central Australia uranium focus with the acquisition of an exploration prospect near their flagship Charley Creek project in the Northern Territory by the purchase of a private subsidiary of ASX-listed Global Geoscience Limited (GSC), which is the registered holder of an exploration opportunity known as the Bloodwood-Highland Rocks Project.

The project area - located approximately 400 km north-west of Alice Springs, in the vicinity of the joint venture's existing Charley Creek Project - consists of one granted Exploration Licence of 172 square kilometres, and four applications for Exploration Licences on Aboriginal Freehold Land totalling 2,804 square kilometres.

The addition of this Highland Rocks Project will complement the Charley Creek Project, where drilling of the Cockroach Dam Prospect in the Teapot Granite commenced this past week. Pancon and Crossland's commitment to uranium exploration in Central Australia makes further acquisitions of prospective ground in the region attractive. The partner's regional presence, logistic support and technical experience in this region allow cost-effective exploration from the existing facilities at Charley Creek.

The acquisition of the new project area represents the continuation of a long history of cooperation between Crossland and Global Geoscience. The selection of the Bloodwood-Highland Rocks area by Global Geoscience was made using its Proprietary IP. The initial holdings at several of Crossland's projects were also chosen using Global's IP.

Pancon and Crossland were attracted to the Bloodwood-Highland Rocks area because:

--The region is highly prospective for uranium mineralization, as demonstrated by the presence of uranium deposits at Napperby and Bigrlyi, and prospects such as Cockroach Dam, Crystal Creek, and Macallan.

--Previous exploration on these areas has been almost exclusively for gold, however, limited uranium exploration at Bloodwood met with early success.

--There has been no uranium exploration in the area since the 1970's.

--Regional airborne surveys would have been ineffective because of a thin sand cover over much of the area.

--Full coverage of modern geophysical data (magnetics and gravity) allows for targeting of "productive" structures in the underlying basement rocks.

Bloodwood features:

--Granted exploration licence on pastoral leasehold land.

--Ready for reconnaissance exploration.

--Extensive airborne radiometric uranium anomaly correlates with mapped NNW trending structures.

--Mostly thin residual cover, meaning exploration is relatively straightforward.

--Up to 810ppm U3O8 in a shallow drill hole, and elevated radioactivity in outcropping granite porphyry.

--No follow-up of these results.

Highland Rocks features:

--Covered by four exploration licence applications, and is located on Aboriginal Freehold Land of the Lake Mackay Land Trust.

--Mostly covered by a thin layer of sand, meaning almost no previous uranium exploration.

--Modern geophysical data suggests that parts of the area are underlain by granitoid cut by major structures.

--Similar rocks and structures host the nearby Macallan uranium prospect held by Energy Metals.

--Gold and base metal explorers identified several zones of multi-element geochemical anomalism (Au,Ag,As,Bi,Cu,Ni,U) in areas of residual cover. These are considered favourable indicators for basement-hosted uranium mineralization.

The terms of the Pancon/Crossland-Global Geoscience transaction are:

--Pancon/Crossland will acquire GSC's 100% interest in the projects through the purchase of the private company holding the titles.

--The partners have reimbursed GSC's historic costs of $30,000. GSC holds an option to claw back a 20% interest in the titles by paying Pancon/Crossland 40% of historic expenditure, exercisable for two years after grant of title, up to a decision to mine.

--If GSC elects not to claw back a 20% interest, it will receive a 2% NSR royalty from production.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate 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.

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.

Contact:
Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118604-986-2021 (FAX)www.PanconU

[EnergyGuy62]

On July 26, U3O8 Price UP $4.25/lb! Biggest increase in a long while! Go U308! Go Pancon!!! :)

[EnergyGuy62]

Pancon has very few shares outstanding (49 million) so if they find anything worthwhile, then KAPOW ZOWIE and other Batman sound effects would be needed! :) Oh i meant my Post 11 was more detailed than my Post 9.

[EnergyGuy62]

Readers, please note, Post 11 is more detailed than Post 10. When I received the NR (News Release) as an email, I copy cut and pasted into this board Post 10. Then, when I was at the TSX.V, I noticed the same news release was more detailed so I ccp it here Post 11. Anyhoo I like the info and I like how the stock is responding to the news. Goooo Pancon!!! :)

[EnergyGuy62]

Pancon Announces Core Drilling Underway on Cockroach Dam Prospect, on Charley Creek Project, NT, Australia
1:22 PM ET, July 27, 2010
VANCOUVER, BRITISH COLUMBIA, Jul 27, 2010 (MARKETWIRE via COMTEX) -- Pancontinental Uranium Corporation (PUC) ("Pancon") is pleased to advise that its joint venture partner Crossland Uranium Mines Limited ("Crossland") (ASX: CUX) has announced that core drilling has now commenced on their Cockroach Dam prospect within the key Charley Creek uranium project in the Northern Territory.
The Cockroach Dam drilling start-up follows the granting of all permits required for the present exploration program on their 4,000 km2 Charley Creek Project, west north-west of Alice Springs.
The initial core drilling is taking place in the Cockroach East area which is the most accessible area of the Company's Cockroach Dam Prospect, and is one of four areas in the prospect that have been scheduled for drilling.
The four targeted areas have been defined from high uranium radiometric readings in airborne and ground surveys. All of these lie within the geological unit known as the Teapot Granite. The areas to be drilled have also been defined by surface rock chip sampling, with some 186 samples collected to date from the prospect area averaging 439 ppm U3O8.
The most extensive of the four areas, Cockroach Dam Central, covers over 6 km2 and has returned values in rock chip samples of up to 0.536% U3O8, as has been previously reported. Crossland presently believes this is the most promising of the areas, but drilling requires that access is first upgraded. This additional access work is now in progress.
As of July 25, Hole CED2010-1 had reached a depth of 44.8 m. Coring has been continuous since the hole collar, on granite outcrop. The secondary uranium mineral, uranophane, is visible in the host rock in the first few metres of the hole, but below that the rock is apparently unaltered granite with radiometric counts similar to the near surface material.
It is proposed to sample the Teapot Granite with up to five holes in this phase of exploration at Cockroach East. The nominal depth of these holes will be 150 m.
This work is designed to evaluate the grade and variability of uranium content and to provide samples of primary mineralization for initial mineragraphy. A further 10 holes are also planned in the first phase of activity at Cockroach Central, for a total of 1500 m of core drilling.
Crossland and Pancon have a long-stated policy of announcing only elemental uranium assays, not radiometric estimates of uranium content. This means that the core samples now being collected will be subjected to conventional processing procedures before being submitted to an accredited laboratory for analysis. It is expected that the first of the drilling results should start to become available in approximately 4-5 weeks.
Pancon and Crossland will keep the market informed of significant developments.
All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.
About Pancontinental Uranium Corporation
Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate 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.
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.
Contacts:
Pancontinental Uranium Corporation
Richard Mark
President and CEO
604-986-2020 or 1-866-816-0118
Pancontinental Uranium Corporation
Keith Patey
Director of Communications
604-986-2020 or 1-866-816-0118
604-986-2021 (FAX)
www.PanconU.com

[sumisu]

Pancon Announces Core Drilling Underway on Cockroach Dam Prospect, on Charley Creek Project, NT, Australia

Press Release Source: Pancontinental Uranium Corporation On Tuesday July 27, 2010, 1:21 pm EDT

http://finance.yahoo.com/news/Pancon-Announces-Core-iw-3460642372.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/27/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon") is pleased to advise that its joint venture partner Crossland Uranium Mines Limited ("Crossland") (ASX:CUX - News) has announced that core drilling has now commenced on their Cockroach Dam prospect within the key Charley Creek uranium project in the Northern Territory.

The Cockroach Dam drilling start-up follows the granting of all permits required for the present exploration program on their 4,000 km2 Charley Creek Project, west north-west of Alice Springs.

The initial core drilling is taking place in the Cockroach East area which is the most accessible area of the Company's Cockroach Dam Prospect, and is one of four areas in the prospect that have been scheduled for drilling.

The four targeted areas have been defined from high uranium radiometric readings in airborne and ground surveys. All of these lie within the geological unit known as the Teapot Granite. The areas to be drilled have also been defined by surface rock chip sampling, with some 186 samples collected to date from the prospect area averaging 439 ppm U3O8.

The most extensive of the four areas, Cockroach Dam Central, covers over 6 km2 and has returned values in rock chip samples of up to 0.536% U3O8, as has been previously reported. Crossland presently believes this is the most promising of the areas, but drilling requires that access is first upgraded. This additional access work is now in progress.

As of July 25, Hole CED2010-1 had reached a depth of 44.8 m. Coring has been continuous since the hole collar, on granite outcrop. The secondary uranium mineral, uranophane, is visible in the host rock in the first few metres of the hole, but below that the rock is apparently unaltered granite with radiometric counts similar to the near surface material.

It is proposed to sample the Teapot Granite with up to five holes in this phase of exploration at Cockroach East. The nominal depth of these holes will be 150 m.

This work is designed to evaluate the grade and variability of uranium content and to provide samples of primary mineralization for initial mineragraphy. A further 10 holes are also planned in the first phase of activity at Cockroach Central, for a total of 1500 m of core drilling.

Crossland and Pancon have a long-stated policy of announcing only elemental uranium assays, not radiometric estimates of uranium content. This means that the core samples now being collected will be subjected to conventional processing procedures before being submitted to an accredited laboratory for analysis. It is expected that the first of the drilling results should start to become available in approximately 4-5 weeks.

Pancon and Crossland will keep the market informed of significant developments.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate 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.

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.

Contact:
Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118604-986-2021 (FAX)www.PanconU.com

[EnergyGuy62]

Pancon Begins Core Drilling At Cockroach Dam Property

Vancouver, B.C., July 27, 2010. Pancontinental Uranium Corporation (TSX-V: PUC) ("Pancon") is pleased to advise that its joint venture partner Crossland Uranium Mines Limited ("Crossland") (ASX: CUX) has announced that core drilling has now commenced on their Cockroach Dam prospect within the? key Charley Creek uranium project in the Northern Territory.
?
The Cockroach Dam drilling start-up follows the granting of all permits required for the present exploration program on their 4,000 km2 Charley Creek Project, west north-west of Alice Springs.?
?
The initial core drilling is taking place in the Cockroach East area which is the most accessible area of the Company's Cockroach Dam Prospect, and is one of four areas in the prospect that have been scheduled for drilling.
?
The four targeted areas have been defined from high uranium radiometric readings in airborne and ground surveys. All of these lie within the geological unit known as the Teapot Granite.? The areas to be drilled have also been defined by surface rock chip sampling, with some 186 samples collected to date from the prospect area averaging 439 ppm U3O8.
?
The most extensive of the four areas, Cockroach Dam Central, covers over 6 km2 and has returned values in rock chip samples of up to 0.536% U3O8, as has been previously reported.? Crossland presently believes this is the most promising of the areas, but drilling requires that access is first upgraded.? This additional access work is now in progress.

[sumisu]

Uranium Bottoming as China Boosts Stockpiles

By Bloomberg News - Jul 12, 2010

http://www.bloomberg.com/news/2010-07-11/uranium-bottoming-as-china-boosts-stockpiles-with-10-000-tons-from-cameco.html

[EnergyGuy62]

Why the stock gained 20% today with bigger trading volume. Rick Mark, the Prez of Pancon, told me in a phone conversation that there will be a conference call between Pancon's board of directors and their Australian JV partner Crossland soon because end of July is the end of quarter for Crossland and they want to update Pancon on all the activities Down Under. According to Rick, Crossland has either started drilling in central Australia today or will start before end of week. They ran into some opposition from one aboringinal group but that has been dealt with successfully by Crossland. Why all the excitement for some people buying into the stock today? Because Cock Roach Dam is a very highly prospective area for Uranium. The company has lots of land claims, and they know exactly what they are looking for a very very large close to surface bulk uranium deposit.

[sumisu]

Pancontinental Uranium Corporation and Crossland Uranium Mines Limited Prepare for Drilling at Cockroach Dam (NT) Prospect

Press Release Source: Pancontinental Uranium Corporation On Tuesday July 6, 2010, 6:30 am EDT

http://finance.yahoo.com/news/Pancontinental-Uranium-iw-1014195047.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/06/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon") is pleased to announce that its JV partner, Crossland Uranium Mines Limited (ASX:CUX - News) ("Crossland"), has advised that the sacred site inspections have been advanced significantly for its Cockroach Dam Prospect in the Charley Creek Project, 130 km to the West North West of Alice Springs in the Northern Territory in Australia.

The budgeted core drilling program (see press release of March 8, 2010) at Cockroach Dam will commence as soon as clearance advice is received from the Central Land Council (CLC), and Crossland is now preparing for this with access preparation.

Drilling will test zones of elevated radioactivity from uranium within outcropping of the Teapot Granite, while a parallel auger drilling program that evaluates separate zones for alluvial heavy mineral concentrations will also commence. These may host interesting concentrations of Rare Earth Elements that may enhance the project.

Pancon President and CEO, Rick Mark states: "Charley Creek is tremendously prospective for Uranium. This long anticipated drill program will allow Geoff Eupene and his team to begin defining its real potential."

The recent inspection for clearance of the Cockroach Dam program from CLC, has been undertaken on behalf of Aboriginal Traditional Owners and Custodians under the terms of an existing Exploration Access Deed between CLC and Crossland.

Authorizations are already in hand for the Cockroach Dam drilling program from NT Government mining regulators and the Aboriginal Areas Protection Authority (AAPA).

Pancon and Crossland acknowledge the efforts of the Aboriginal People connected to its large holdings in the Charley Creek Project, the CLC, and AAPA, in concluding these matters. Crossland is also grateful for the cooperation and assistance of its host pastoralists, and the Company's consultants and advisors in reaching this outcome.

Pancon and Crossland will keep the market informed of developments.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate plans include formulating an exploration program in Burkina Faso.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

For additional information, please visit our website at www.PanconU.com.

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.

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.


Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118604-986-2021 (FAX)www.PanconU.com

[sumisu]

Australia’s Super Profits Tax on Resource Companies Leads to Immediate Fall-Out

Written by Dave Forest

Monday, 03 May 2010 17:01

http://oilprice.com/Metals/Commodities/Australias-Super-Profits-Tax-on-Resource-Companies-Leads-to-Immediate-Fall-Out.html

Australia sent the major miners into a tailspin overnight.

The Rudd government announced Sunday night that it will impose a new "resource super profits" tax on mining, oil and gas, geothermal and other resource extraction in the nation.

Under the scheme, resource companies will pay a 40% tax on profits. Implementation is scheduled for July 1, 2012.

The fall-out was immediate.

BHP announced it expects its effective tax rate to rise to 57%, from a current 43%. Citigroup said the new rules could cause the effective tax rate for northern Australia's large liquefied natural gas projects to rise by several percent.

Stocks were down nearly across the board.

A few observations:

One of the few "saving graces" of the new rules is that the tax is on profits. A company has to be making money in order to pay, and producers will pay in accordance with how much cash they're making.

This is better than a royalty scheme, of the kind other governments have tried. Royalties come off the top, whether a company is making a little money or a lot. This can kill marginal projects quickly.

But even under the proposed profits tax, marginal projects will suffer. Extra tax could push a borderline project into negative NPV territory. Low-grade, deep or engineering-challenged projects will likely see less investment.

One interesting aspect of the new rules is a tax break for exploration.

The government opted not to go with a flow-through tax program, which many in the mining community had been calling for.

Instead, they will grant a "resource exploration rebate". Whereby companies can write off approximately 30% of their exploration expenses against future revenue.

This will help major miners a little. The big guys have both exploration expenses and cash flow to write credits off against.

For smaller companies, the arrangement is more challenging. Most junior exploration companies have no cash flow. Essentially making the tax credit useless.

Some sub-groups of explorers could benefit. Geothermal explorers, for example, may be able to use the credits if they discover and develop a viable project through to production.

One outcome could be that juniors will become prized for their tax pools. We saw this in the Canadian oil and gas sector. Junior companies with tens of millions in tax losses are often acquired by larger producers largely for the tax benefit.

Bottom line: the new laws will be a test of the "world-class-ness" of Australia's resource assets. Projects that are stellar will still be worthwhile even with increased tax.

But any projects on the bubble could get the axe. Developers may simply have more profitable places to sink their money.

Time to separate the wheat from the chaff.

Dave Forest
[e-mail] This e-mail address is being protected from spambots. You need JavaScript enabled to view it
www.piercepoints.com
Copyright 2009 Resource Publishers Inc.

[sumisu]

Pancontinental's JV Partner Files Quarterly Update

Companies:PANCONTINENTAL URANIUM CORPORAT Related Quotes

Press Release Source: Pancontinental Uranium Corporation On Thursday April 29, 2010, 1:24 pm EDT

http://finance.yahoo.com/news/Pancontinentals-JV-Partner-iw-848716877.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 04/29/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon") is pleased to report the highlights of its Australian Joint Venture partner, Crossland Uranium Mines, (ASX:CUX - News) ("Crossland") First Quarter report to shareholders. During 2010, Pancon is scheduled to earn its 50% interest in Crossland's uranium properties in Australia.

CROSSLAND QUARTERLY REPORT FOR PERIOD ENDED 31 March, 2010, GEOFF EUPENE, CEO, CROSSLAND

OVERVIEW

2010 will be Crossland's most active year yet, being the culmination of the preparations made over the previous three years since listing on ASX. After the annual end of year break, budgets were submitted, and an expenditure on uranium exploration through the Joint Venture with Pancontinental Uranium Corporation (Pancon) (TSX-V:PUC - News) of A$3.3 million for calendar 2010 was approved. Field work at Charley Creek and Kalabity re-commenced during the Quarter, while preparations for the extensive statutory and planning requirements for a busy year proceeded.

EXPLORATION DETAIL

Chilling Project, Northern Territory

At the Chilling Project, Crossland's primary targets are unconformity-related uranium deposits, the deposit style that hosts most of the world's high-grade uranium. Other target commodities exist, such as gold, tin, copper, and cobalt. Other uranium deposit styles are also possible.

The Chilling project area is inaccessible during the wet season in the north of Australia, and preparations to make the most of the field season are in progress. This includes a review of all results obtained from last year, as well as preparation of statutory reports and submissions to regulators, as well as other stakeholders, and selection and negotiation with contractors. These processes are advancing. Wet season rains are continuing at the time of writing, but it is anticipated that access to the area will be achieved late in the second quarter.

An aircore and RC drill program of over 3,000 m and diamond core drilling of approximately 1,400 m is planned to test various opportunities at Chilling in 2010.

Charley Creek Project, Northern Territory

At the Charley Creek Project, Crossland is targeting granite-related uranium; with calcrete and redox-related palaeodrainage uranium targets; and layered mafic intrusive-related copper, nickel and platinoids as secondary targets.

Field crews commenced operations at Charley Creek during the quarter, with gamma spectrometer surveys re-commencing at the Cockroach Dam prospect with up to four instruments in use, geological mapping and petrographic studies of the Cockroach Dam prospect area, anomaly follow-up over a broader area of Charley Creek, and the commencement of planning for work in the five newly granted exploration licences.

Submissions for the season's activities were made to regulators and the Central Land Council, the group representing Native Title owners, and by the time of writing, the program had received regulatory approval, while the procedures for approval by Native Title owners were proceeding. It is hoped that a field program, approved by Native Title owners, can commence by late in the second quarter of 2010.

Kalabity, South Australia

At Kalabity, Crossland's interest is through an agreement with PlatSearch NL and Eaglehawk Geological Prospecting Pty Ltd to earn a majority share in Exploration License ("EL")4461 (formerly EL3297). Previous work has identified widespread elevated values of uranium and other metals. Previous work by Crossland has identified a new anomalous zone which was named the Tabita Prospect.

Delays were experienced in the renewal of EL3297, which has now been renewed as EL4461. A drill program commenced April 1 and was terminated due to heavy rains on April 9. The program was essentially completed, though, with 93 holes drilled for 3,303 m. A total of 381 samples have been submitted for laboratory analysis. The program will continue with trenching once drill results are in hand.

New Projects

Crossland continues to examine opportunities to expand its project portfolio.

Burkina Faso, West Africa

1. Oursi Joint Venture

Crosscontinental (a private company owned 50:50 by Pancon and Crossland) has entered an interest-earning Joint Venture with Southern Cross Exploration NL and Longreach Oil NL.

Progress on these areas awaits grant by the Burkina Faso ministry of Crosscontinental's other applications.

2. Applications by Crosscontinental Burkina SA and related parties

The progress with the additional applications lodged on behalf of Crosscontinental is slow and it is difficult to allocate a priority to work on these at present.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate plans include formulating an exploration program in Burkina Faso.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

For additional information, please visit our website at http://www.PanconU.com/.

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.

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.

Contact:
Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications604-986-2020 or 1-866-816-0118604-986-2021 (FAX)http://www.panconu.com/

[futrcash]

Australia still has vast stretches of unexplores,and prospective geological frontiers.

Will be watching these guys.

Thanks 'sumisu'

futr

[sumisu]

Pancon/Crossland Commence Drilling at Kalabity

Press Release Source: Pancontinental Uranium Corporation On Tuesday April 6, 2010, 3:00 pm EDT

http://finance.yahoo.com/news/PanconCrossland-Commence-iw-3927086620.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 04/06/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon" or "the Company") and its joint venture partner, Crossland Uranium Mines Ltd. (ASX:CUX - News) advise that drilling has commenced at their Kalabity Uranium Project in South Australia (SA).

The Kalabity drilling marks the start of an aggressive 2010 Australian exploration program by Pancon and Crossland which includes seven drill programs to be conducted across their Kalabity(SA) and Chilling/Charley Creek Projects in the Northern Territory(NT).

Geoff Eupene, CEO of Crossland, said the Kalabity drill program is aimed at quickly establishing the grade, thickness and extent of uranium mineralization in the project's Tabita Prospect and will consist of up to 1,500 metres of aircore drilling, approximately 75 shallow holes, and excavator trenching.

"The Tabita Prospect at Kalabity represents a quite different style of mineralization in this area, where davidite is usually the main uranium bearing mineral in other nearby prospects" Mr. Eupene said.

"On our current available information, while Tabita appears to contain carnotite, the uranium vanadium mineral that is common in calcrete deposits, the prospect is not a calcrete channel deposit. The region around Tabita is on a slightly elevated area between streams, but the soils there carry gypsum, calcium sulphate" he said.

"We delayed our drilling on the Kalabity Project for a year to focus on our NT properties, so we are anxious to finally test this near-surface opportunity".

Background - Tabita Uranium Prospect

Crossland's work on the Tabita Prospect commenced in 2007 when it identified a large 3 km by 1 km uranium geochemical anomaly within the Kalabity Project after completing an extensive geochemical survey following an airborne radiometric and magnetic survey. The Tabita Prospect anomaly is located three and a half kilometres northwest of the previously defined KR4 target. Bedrock values of up to 140ppm uranium, above an anomaly threshold of 32ppm uranium, were obtained from a zone that remains open in all directions. Samples were taken on seven lines up to 500 metres apart. In addition, elevated values of cobalt, copper and nickel were obtained from rock float.

An auger drilling program in 2008 produced results from the Tabita anomaly including four drill sites returning bottom hole samples of over 200ppmU, with a highest of 235ppmU. Fifteen sites returned bottom hole values in excess of 100ppmU. The current drill program will determine if these uranium values increase at depth or laterally.

With the completion of this drill program, Pancon and Crossland will have earned a 60% interest in the Kalabity property.

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate 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.

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.

Contact:

Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO604-986-2020 or 1-866-816-0118

[sumisu]

Pancontinental/Crossland's Exploration Budget to Exceed A$3 Million in 2010

Press Release Source: Pancontinental Uranium Corporation On Monday March 8, 2010, 1:23 pm EST

http://finance.yahoo.com/news/PancontinentalCrosslands-iw-118585792.html?x=0&.v=1

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/08/10) - Pancontinental Uranium Corporation (TSX-V:PUC - News) ("Pancon" or "the Company") and its joint venture partner, Crossland Uranium Mines Ltd. (ASX:CUX - News) have approved a record exploration budget for the current calendar year.

Pancon Director and Crossland Director and CEO, Mr. Geoff Eupene, said today the partners had budgeted for a total spend of A$3.3 million on their joint venture projects during 2010.

"This is our highest annual exploration budget since the Pancon/Crossland JV was established in 2007," Mr. Eupene said.

"Of this new budget, A$2.76million, or 82%, will be spent on projects in Australia's Northern Territory, with the JV's flagship projects - Chilling (NT Top End) and Charley Creek (north-west of Alice Springs) receiving the bulk of this expenditure. Our extensive surface and airborne activities in these project areas over the past three years have identified a number of very promising targets and we plan to drill a minimum of six of these targets this year. We will also be drilling the Tabita Prospect on the Kalabity Project in South Australia."

"During 2010, the increased exploration budget will see Pancontinental achieve its required spending of A$8 million to earn a 50% interest in the Joint Venture Projects. After that, Pancon and Crossland will share funding of Joint Venture Projects on a 50:50 basis," Mr. Eupene said.

PROJECTS UPDATE

Chilling (NT)

In the Top End of the Northern Territory, the Joint Venture is exploring for unconformity and vein related uranium deposits at its flagship Chilling Project. Titles cover around 130km of the unconformable contact between Lower Proterozoic and Middle Proterozoic sediments, a setting that is most favourable for the formation of large unconformity- related uranium deposits such as those that occur on the east flank of the Pine Creek Basin, in the Alligator Rivers Uranium Province; in the Athabasca Basin of Saskatchewan in Canada; and at Rum Jungle, to the north of Crossland's holdings.

Mr. Eupene said that during 2009 they recognised for the first time that sediments in the Buchanan Window near the south eastern corner of the Chilling Project titles were the stratigraphic and lithological equivalents of the sediments that host mineralisation at Rum Jungle.

"Subsequently, a further 100km of prospective structures to the south of the Buchanan Window were secured by Exploration License applications," he said.

"Initial shallow drilling of the Buchanan Window during 2009 showed that weathering is deep and a program has been devised to detect structural settings in bedrock that can be developed into targets for deeper drilling. "

Extensive preparations for a busy season in 2010 were also made in the Allia Creek Window north of Buchanan. This area contains a structure that shows visible secondary uranium mineralisation as well as elevated gold values. This structure cuts the Middle Proterozoic unconformity and can be mapped in Airborne EM data commissioned by Crossland last year as part of a regional survey funded with Geoscience Australia.

An aircore/ RC drill program of over 3,000m and a diamond core drill program of 1,400m are planned to test these and other opportunities at Chilling.

Charley Creek (NT)

Charley Creek, located to the west-northwest of Alice Springs in Central Australia, was the focus of an extensive detailed ground spectrometer survey in the Cockroach Dam Prospect exceeding 40km2 in 2009.

Mr. Eupene said this 2009 survey work produced many anomalous areas for follow up.

"From our collection of rock samples, we note that 186 rock samples of mostly outcropping granite have been collected to date with an average uranium content of 373ppmU, (439ppmU3O8,) and individual values of up to 4,550ppmU (0.536% U3O8)" he said.

"Preparations for drilling of these numerous high radiometric anomalies are under way, and a modest drill program is included in the increased 2010 budget.

Mr. Eupene said almost all prospecting work at Charley Creek in 2009 had focused on the follow up of uranium radiometric anomalies.

"More work will be done to characterise these in early 2010, and field work is about to commence on this. In addition more detailed work will be put into the source of other radiometric patterns, as careful follow up of some of these signatures has already produced other possible target commodities such as Rare Earths and Tin," he said.

"We also expect that permission will soon be obtained to extend the aircore drill program across the extensive alluvial flats in our holdings, targeting uranium bearing channels in the alluvial sediments as well as probing the prospective basement rocks.

The geological setting of the Charley Creek Project is very complex and the belt known as the Arunta Region, and in particular its Warumpi Province which hosts the Teapot Granite, is under-explored for mineral deposits.

"There have been several other discoveries in the region in recent years, and Crossland took the opportunity to considerably expand the holdings in this promising region during 2009. This allows the Joint Venture to take advantage of its logistic foothold in the district as well as its burgeoning technical knowledge as access improves to this important untested district."

Kalabity (South Australia)

After a year's hiatus, exploration will resume at the Kalabity Project in South Australia where carnotite (uranium vanadate) mineralisation has been discovered at the Tabita Prospect.

Work this year will thoroughly evaluate the Tabita Prospect, and is expected to commence during March. This will consist of aircore drilling and trenching to evaluate the thickness, grade and extent of the mineralisation at Tabita.

Crosscontinental Uranium Limited

Mr. Eupene said he also expected activity to pick up on international exploration through the jointly-owned Pancon/Crossland subsidiary, Crosscontinental Uranium Limited.

"Progress is being made on the processing of Crosscontinental's uranium exploration permit applications in Burkina Faso, and the Company is examining other opportunities elsewhere in Africa and in Europe," he said.

"It is likely that additions will be made to the Crosscontinental project portfolio during 2010."

All technical information in this release has been reviewed by Geoff Eupene, Qualified Person for Crossland and Pancon.

About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company focused on uranium 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 holds an impressive exploration portfolio with projects in prolific, mining friendly districts. Active exploration is ongoing 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. Pancon is earning a 50% interest in this significant uranium project portfolio through the joint venture with Crossland through the expenditure of A$8 million. Pancon and Crossland are also pursuing exploration beyond Australia through an international subsidiary company, Crosscontinental Uranium Limited, and immediate 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.

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.

Contact:

Contacts:Pancontinental Uranium CorporationRichard MarkPresident and CEO(604) 986-2020 or 1-866-816-0118Pancontinental Uranium CorporationKeith PateyDirector of Communications(604) 986-2020 or 1-866-816-0118http://www.PanconU.com/