POC Pacific Iron Ore Corporation

Pacific Iron Ore Corporation (TSX VENTURE:POC) ("POC" or the "Corporation") is
pleased to announce that it has entered into an agreement with a private, arm's
length British Columbia corporation pursuant to which POC has agreed to sell all
of its interests in the Pearson Project mineral claims prospective for iron ore
and located on Vancouver Island for $5.6 million. The Corporation has received a
deposit of $2.5 million, $500,000 of which is non-refundable, and a subsequent
contingent payment of $3.1 million is to be received on or before November 28,
2013 subject to the satisfaction of conditions. The transaction remains subject
to typical conditions precedent, including due diligence and receipt of all
required corporate and regulatory approvals, including acceptance by the TSX
Venture Exchange. Upon completion of the transaction, POC intends to focus its
exploration efforts on its 100% owned St. Anthony's gold project located in the
Kenora Patricia mining district of Ontario.


Please refer to the Corporation's profile on SEDAR which can be accessed at
www.sedar.com.


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 Corporation's
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 Corp.
Todd Montgomery
Chief Executive Officer
(403) 228-0607
(403) 262-4860 (FAX)
www.pacificironorecorp.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