Pancon GOLD Appoints Layton Croft as Director

March 16, 2017

PANCON GOLD APPOINTS LAYTON CROFT AS DIRECTOR

The Board of Directors of Pancontinental Gold Cor poration (TSX-V: PUC) (“Pancon Gold”, “Pancon” or

the “Company”) is pleased to announce the appointment of Mr. Layton Croft as a Director of the

Company. Mr. Croft is Vice President of Corporate Development of Pancon Gold and President/Chief

Executive Officer of the Company’s wholly-owned US subsidiary, Palmetto Mining Corporation. Mr.

Croft is also a Director of TSX-listed Erdene Res ource Development Corporation and a Director of Asia-

Pacific Investment Partners, a private real estate company.

The Company also announces that it has granted Mr. Croft 400,000 options to purchase common shares at

an exercise price of $0.12 per common share, expiring on March 16, 2022.

About Pancontinental Gold Corporation

Pancontinental Gold Corporation ( www.pancongold.com) is a Canadian-based mining company focused

on the exploration and development of the Jefferson Gold Project in South Carolina, USA, and on

acquiring additional prospective properties. The Company’s shares are listed on the TSX Venture

Exchange, trading under the symbol PUC. In 2015, Panc on Gold sold its interest in its Australian rare

earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1%

gross overriding royalty on 100% of future production.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark

President & CEO

For further information, please contact:

Rick Mark

President and CEO

1-416-293-8437 or [email protected]

For additional information please visit our web site: www.pancongold.com, and our Twitter feed:

@PanconGold.

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.

Cautionary Language and Forward Looking Statements

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking

information is characterized by word s such as “plan”, “expect”, “project ”, “intend”, “believe”, “anticipate”,

“estimate” and other similar words, or statements that cer tain events or conditions “may” or “will” occur. Forward-

looking information involves risks, uncertainties and ot her factors that could cause actual events, results, and

opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that

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could cause actual results to differ materially from such forward-looking information include, but are not limited to,

changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required

regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry,

including those risks set out in the Company’s management’s discussion and analysis as filed under the Company’s

profile at www.sedar.com. Forward-looking information in this news release is based on the opinions and

assumptions of management considered reasonable as of the date hereof, including that all necessary governmental

and regulatory approvals will be received as and when expected. Although the Company believes that the

assumptions and factors used in preparing the forward-lo oking information in this ne ws release are reasonable,

undue reliance should not be placed on such information. The Company disclaims any intention or obligation to

update or revise any forward-looking information, other than as required by applicable securities laws.