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
nine months ended September 30, 2012. These documents are now available on
SEDAR.


2012 Results

During the first nine months of 2012 the Corporation incurred a net loss of
$325,980 or $0.00 per common share as compared to a net loss of ($858,223) or
($0.01) per common share in the first nine months of 2011.


Its major expenses incurred in the nine month period included:

Operating expenses totaled $110,762 in 2012 as compared to $106,121 in 2011, an
increase of $4,641.


Mineral property acquisition costs and exploration costs expensed during the
period totaled $111,147 as compared to $188,510 in 2011 due to lower activity in
2012.


General and administrative expenses totaled $156,001 in 2012 as compared to
$207,494 in 2011, a decrease of $51,493.


Write downs of mineral properties totaled $16,202 in 2012 and nil in 2011.

Stock based compensation expense totaled $27,840 ($225,199 in 2011) and arises
from the issuance of stock options and broker warrants in previous periods.


Net finance expenses during the period totaled $1,085 as compared to $7,449 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 $27,943 as compared to $123,450 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.


Disposal of an asset was $25,000 in the period for funds received as part of the
Option Agreement for the Separation properties.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Iron Ore Corporation
Todd Montgomery
Chief Executive Officer
(403) 228-0607
(403) 262-4860 (FAX)
www.pacificironorecorp.com

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