"Company") wishes to announce that while the Company has a stock option plan that permits

FOR IMMEDIATE RELEASE

Vancouver, BC – September 26, 2013

VANCOUVER, B.C -- PacificOre Mining Corp. (“PC”:TSX.V / “APAFF”:OTCQX) (the "Company") wishes to announce that while the Company has a stock option plan that permits up to 23 million incentive stock options to be granted, the new management team is of the opinion that this is excessive and intends to limit the number of option grants to a maximum of 10% of the issued and outstanding shares of the Company. In this regard, the Company wishes to announce that 15.8 million options have been cancelled this year and the Company has granted 8,000,000 incentive stock options to directors and officers and 3,800,000 incentive stock options to consultants of the Company at a price of $0.10 per share exercisable for a period of five years.

About PacificOre Mining Corp.

PacificOre is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed “the electric metal” for its bright future in energy storage and green technology but its main use today is in highquality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.

ON BEHALF OF THE BOARD OR DIRECTORS

“Adriaan Bakker”

Adriaan Bakker

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.