POC Pacific Iron Ore Corporation

Pacific Iron Ore Corporation (TSX VENTURE:POC) ("POC" or the "Corporation") is
pleased to announce that it has granted options, under its stock option plan, to
an officer and two consultants of the Corporation, entitling such persons to
acquire an aggregate of 1,500,000 common shares at an exercise price of $0.10
per share. The options are generally exercisable for 10 years and will vest
immediately.


In addition, a director who had previously lent the Corporation the sum of
$175,000, on an unsecured basis, has agreed to convert the debt and accrued
interest into common shares at a rate of $0.055 per common share, resulting in
the issuance of 3,359,437 common shares. The shares will, when issued, be
subject to a four month hold period. This transaction is subject to acceptance
by the TSX Venture Exchange.


Finally, POC is pleased to announce that Ms. Carlyn Dahl has, subject to the
acceptance of the TSX Venture Exchange, been appointed as Chief Financial
Officer of the Corporation. Ms. Dahl is the vice president finance, corporate
secretary and a director of Cavendish Investing Ltd. (currently the principal
shareholder of POC), where she has held various positions for the past 25 years.
Ms. Dahl is a Certified Management Accountant, Alberta (2005). Prior to joining
Cavendish, Ms. Dahl was employed as a controller by various companies in
oilfield services, real estate development and the aircraft industry.


Company Contact:

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


Forward Looking Statements:

This release includes certain statements that may be deemed "forward looking
statements". Although the Corporation believes 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.

Pacific Iron Ore (TSXV:POC)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Pacific Iron Ore (TSXV:POC)
Historical Stock Chart
Von Jun 2023 bis Jun 2024