PUC Pancontinental Resources Corporation

Pancontinental Uranium Corporation ("Pancon" or the "Company") (TSX VENTURE:PUC)
is pleased to announce that its Joint Venture partner, Crossland Uranium Mines
Limited ("Crossland"), issued the following press release today in Australia,
regarding the Charley Creek REE project in NT, Australia: 


HIGHLIGHTS:



--  A contract has been signed with ALS Metallurgy to conduct acid leach
    testwork on Xenotime-Monazite concentrate from Charley Creek alluvials. 
--  Contractors are being engaged to undertake the various elements of a
    Scoping Study (Preliminary Economic Assessment-PEA) that will
    investigate the capital and operating costs of a mining and processing
    REE project to produce 7,000 tonnes of contained TREO per annum. 
--  Crossland's confidence that the Charley Creek Project can be an early
    starter and long-term producer of valuable rare earth products is
    firming. Compared with many competing projects, most of which are based
    on hard-rock deposits, the Charley Creek alluvial project enjoys
    important advantages. Some of these advantages are presented in the
    diagrams below.



The leach testwork is intended to confirm that the Xenotime and Monazite
minerals in the concentrate behave as expected under hydro-metallurgical
conditions. The leach tests will be conducted on samples of final concentrate
grading greater than 40% TREO produced by AML Laboratories from Charley Creek
alluvial ore. This testwork will be the final link in the metallurgical scoping
testwork chain to confirm that the Charley Creek ore can be processed from
mining through to the production of saleable REE products, using well understood
and low cost technology.


Negotiations with an engineering company to provide a Scoping Study on a 7,000
tonnes per annum of contained TREO mining project and mineral processing plant
are at an advanced stage. The study will estimate likely capital and operating
costs for the project and will embrace all engineering issues including
infrastructure, mining and processing plant. Negotiations are also in train with
consultants to provide an Environmental Impact Study planned to commence with
baseline flora, fauna and hydrology studies in November 2012.


To view the image accompanying this release please click on the following link:
http://media3.marketwire.com/docs/1025puc.jpg


Before the Mine Gate. The key point for comparison of Charley Creek with typical
hard-rock projects is at the Mine Gate, at which stage Charley Creek will be
producing material with competitive TREO grades following low cost, heavy
mineral sands style mining and wet plant processing.


To view the image accompanying this release please click on the following link:
http://media3.marketwire.com/docs/1025puc1.jpg


After the Mine Gate. The mine and wet plant product has two very important
qualities;




--  High HREO. The proportion of the critical Heavy REO in concentrates to
    be produced from Charley Creek alluvial mine is about 17% of TREO and
    substantially higher than many other known advanced REE resource
    projects. Charley Creek contains a mixture of all of the Rare Earth
    Elements, but more than half of the contained value is in the critical
    Heavy REO.  
--  Favourable mineralogy.  The rare earth minerals in the concentrate
    produced from the alluvium are Xenotime and Monazite. These minerals are
    regarded as preferred feedstock for REE production, with few of the
    problems that may confront more complex silicate REE mineralogy
    contained in many other prospective REE deposits.



The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based on information compiled by Geoffrey S.
Eupene, CP, a Fellow of the Australasian Institute of Mining and Metallurgy. He
is a director of the Company and a full time employee of Eupene Exploration
Enterprises Pty Ltd. He has sufficient experience which is relevant to the
styles of mineralisation and types of deposits under consideration, and to the
activity which he is undertaking to qualify as a Competent Person as defined in
the December 2004 edition of the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (the JORC Code). Geoffrey S. Eupene
has consented to the inclusion in this report of the matters based on this
information in the form and context in which it appears. 


About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company
focused on uranium and REE 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 and
Crossland hold an impressive uranium and REE exploration portfolio with projects
in prolific, mining friendly districts. 


Exploration is ongoing or has occurred 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 alluvial REE deposits, and 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 a 45% participating interest in this significant uranium and REE
project portfolio. Pancon and Crossland are also pursuing exploration beyond
Australia through an international subsidiary company, Crosscontinental Uranium
Limited, and 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pancontinental Uranium Corporation
Rick Mark
President and CEO
604-986-2020 or 1-866-816-0118
604-986-2021 (FAX)
www.PanconU.com

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