POC Pacific Iron Ore Corporation

Pacific Iron Ore Corporation (TSX VENTURE:POC) announces that it has filed its
Financial Statements and Management Discussion and Analysis for the three and
six months ended June 30, 2012. These documents are now available on SEDAR.


2012 Results

During the first six months of 2012 the Corporation incurred a net loss of
$232,556 or $0.00 per common share as compared to a net loss of $663,531 or
($0.01) per common share in the first three months of 2011.




Its major expenses incurred in the six month period included:               
                                                                            
  Operating expenses totaled $73,590 in 2012 as compared to $75,965 in 2011,
  a decrease of $2,375.                                                     
                                                                            
  Mineral property acquisition costs and exploration costs expensed during  
  the period totaled $8,147 as compared to $101,616 in 2011 due to higher   
  costs associated with maintaining access to claims in 2011 where          
  significant exploration costs had been incurred.                          
                                                                            
  General and administrative expenses totaled $114,948 in 2012 as compared  
  to $156,245 in 2011, a decrease of $41,297.                               
                                                                            
  Write downs of mineral properties totaled $7,102 in 2012 and nil in 2011. 
                                                                            
  Stock based compensation expense totaled $19,213 ($155,883 in 2011) and   
  arises from the issuance of stock options and broker warrants in previous 
  periods.                                                                  
                                                                            
  Net financial expenses during the period totaled $879 as compared to      
  $2,846 in the prior period. Financial income consists of interest earned  
  on invested cash deposits. Cash deposits are comprised solely of bank     
  investment certificates with a maturity date of less than one month and   
  are on deposit with a Canadian Chartered Bank. Financial expenses are     
  comprised of interest and bank charges and accruals for Part XII taxes.   
                                                                            
  Income taxes during the period amounted to $8,659 as compared to $170,976 
  in the prior year principally as a result of recognizing the deferred     
  income taxes on flow through share obligations offset by the future       
  benefit of discretionary income tax deductions and net operating losses   
  carried forward for income tax purposes.                                  



Company Contacts:

For further information please refer to the Corporations profile on SEDAR which
can be accessed at www.sedar.com, visit our website at
www.pacificironorecorp.com or contact Todd Montgomery.


Forward Looking Statements:

The TSX.V Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release. This release includes certain statements
that may be deemed "forward looking statements". All statements in this release,
other than statements of historical facts, that address future production,
reserves potential, exploration drilling, exploration activities and events or
developments that the Corporation expects are forward looking statements.
Although the Corporation beliefs the expectations expressed in such forward
looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward looking statements. Factors that could
cause results to differ materially from those in the forward looking statements
include, but are not limited to: market prices; exploitation and exploration
successes; continued availability of capital, financing and personnel;
government regulation and laws; the Corporations relationship with First
Nations; environmental developments; and general economic, market or business
conditions. Investors are cautioned that such statements are not guarantees of
future performance and those actual results or developments may differ
materially from those projected in the forward looking statements. For more
information on Pacific Iron Ore Corporation, Investors should review the
Corporation's registered filings which are available at www.sedar.com.

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