Pancon GOLD Appoints Layton Croft as President and C.e.o.

April 18, 2017

PANCON GOLD APPOINTS LAYTON CROFT AS PRESIDENT AND C.E.O.

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

the “Company”) is pleased to announce the appointme nt of Mr. Thomas Layton Croft as President and

Chief Executive Officer of the Company. Mr. Crof t succeeds Mr. Rick Mark who remains a Pancon

Director. Mr. Croft continues as President and CEO of Pancon’s wholly-owned subsidiary, Palmetto

Mining Corporation.

Pancon Gold Chairman Don Whalen stated: “Layton joined the Pancon Gold and Palmetto Mining family

in October 2016, and his performance since then has significantly contributed to the successful evolution

of our Company and the advancement of our 100%- owned flagship Jefferson Gold Project in South

Carolina. Layton brings a wealth of executive leader ship, corporate strategy expertise and mining sector

experience, combined with strong character and inte rpersonal skills to take Pancon to the next level.

Given Layton’s deep roots in the Carolinas and his home base in Charlotte, NC, he is the right person at

the right time to take on the role of Pancon President and CEO. The Board is grateful to Rick Mark for his

leadership of Pancon since its beginning in 2007 and mo re recently in the transition to Pancon Gold. This

included the acquisition of the Jefferson Gold Proj ect in mid-2016 and the raising of C $1,000,000,

Pancon Gold’s graduation back to the TSX Venture Ex change and the completion of our initial stage of

drilling at the Jefferson Project. Rick will continue to add value for shareholders as a Pancon Director.”

Layton Croft has spent the past 15 years in executive and strategic advisory roles in the minerals

exploration, mining and energy sectors in North America, Asia and Africa, with companies including

Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy.

In his 25 year professional career, Layton has consistently taken on increased levels of executive

responsibility. He is a results-focu sed, team-oriented leader for whom integrity, shareholder value,

stakeholder value and environmental st ewardship matter most. He is also a Director and strategic advisor

of Erdene Resource Development (TSX: ERD), whic h has discovered and is developing a greenfield

high-grade gold district in southwestern Mongolia.

Layton Croft stated: “I am highly motivated to grow Pancon Gold to become the leading gold exploration

company in the southeastern United States. I join everyone at Pancon in our belief that a new bull market

for gold has begun, and that the historically gold rich and under-explored Carolina Gold Belt is a premier

place to be exploring for and devel oping gold projects. I deep ly believe in core values of transparency,

accountability, environmental responsib ility and corporate citizenship. Wh ile creating and consistently

delivering maximum shareholder value will be my num ber one job responsibility, I know I cannot do that

without also creating long-term, mutually benefi cial relationships with our landowners, community

members, investors, government agencies, and all othe r stakeholders. I am honored and proud to be part

of our world-class Pancon Gold team of explorati on geologists, technical experts, and seasoned business

veterans who have demonstrated their ability for mo re than three decades to discover gold deposits and

develop gold mines in North America and around the world.”

Advance Royalty Payment

Pancon is also pleased to report that the Compan y recently received the inaugural, annual AUD $50,000

“non-refundable, advance royalty payment”, pursuant to the gross overriding royalty (the “Royalty”)

365 Bay St, Suite 400

Toronto, Ontario

M5H 2V1

agreement made with Essential Mining Resources Pt y (“EMR”) and Crossland Strategic Metals Ltd.

(“Crossland”). On November 26, 2015, Pancon sold its interest in an Australian joint venture (the “Joint

Venture”) with Crossland to EMR, and retained a one percent (1%) Royalty on production sales from

100% of the properties held by the Joint Venture on cl osing. The Joint Venture properties are prospective

for rare earth elements (REE) and uranium.

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

For further information, please contact:

Layton Croft

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

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.