Pancon Gold Appoints Layton Croft as Director

Toronto, Ontario--(Newsfile Corp. - March 16, 2017) - The Board of Directors of Pancontinental Gold Corporation (TSXV: 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 Resource 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, Pancon 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 info@panconu.com

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 words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other 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-looking information in this news 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.