POC Pacific Iron Ore Corporation

Pacific Iron Ore Corporation (TSX VENTURE:POC), announces that this seasons
field program has begun on the St. Anthony's Gold project. This project is
identified as having a high potential for further development as a gold and
silver prospect, is located in Ontario and is comprised of 54 mining claims and
14 leases covering 8,784 hectares. 


This phase of geological work, which is estimated to cost $458,700, includes
detailed channel sampling and detailed mapping of the south-eastern portion of
the St. Anthony stock work near the St. Anthony mine. At the same time initial
mapping and sampling of the balance of the St. Anthony stock will be undertaken.
The program of site work is a precursor to diamond drilling expected to begin
later this fall on this past producing gold camp. 


Geological sampling is being undertaken by a private contractor, which is
working under the guidance of Graeme Evans, P.Geo. It is estimated that up to
1500 surface samples will be submitted for analysis to ALS Chemex of Vancouver,
B.C.


This program is expected to be completed near the middle of September of this year. 

St. Anthony's Gold Project:

The St. Anthony's Gold Project contains the largest past producing gold mine in
the Kenora-Patricia Mining District of Ontario. The original St. Anthony mine is
located in the Sturgeon Lake Greenstone geological Belt and produced 63,310 oz.
gold from 332,720 tons with an average recovered grade of 0.191 ounce gold per
ton. 


A technical report, compliant with National Instrument 43-101 has been prepared
my Mr. Graeme Evans, P.Geo for the St. Anthony's project, and has been filed on
SEDAR at www. sedar.com. 


Corporate Direction and Strategy

Pacific Iron Ore Corporation is dedicated to the development of its strategic
mineral deposits, located in the Port Renfrew area of Vancouver Island, British
Columbia, as well as, in the Kenora area of Ontario. With the success of the
2008 Exploration Program and the existence of sufficient capital resources to
undertake additional exploration activities in 2009 the Corporation is
well-positioned. 


Quality Control of Reported Results

The St Anthony's Gold project, exploration program is being undertaken pursuant
to the recommendations contained in the independent NI 43-101 report dated June
12, 2009 entitled "Technical Report on the St. Anthony and Best/King Bay
Properties" prepared by Mr. Graeme Evans, P. Geo. of Kamloops, British Columbia.
A copy of the 43-101 Technical Report is available under the Corporations
profile on SEDAR and can be accessed at www.sedar.com.


Mr. Graeme Evans, P. Geo of Kamloops, British Columbia, an independent
geological consultant, is the Qualified Person on the St. Anthony's Project
under the guidelines of NI 43-101. Mr. Evans oversees the completion of the
Technical Report and has reviewed and approved the technical disclosure
contained in this press release relating to that project. 


Company Contacts:

For further information please refer to the Corporations profile on SEDAR which
can be accessed at www.sedar.com, visit our website at
www.pacificironorecorp.com.


Forward Looking Statements:

The TSX.V Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release. This release includes certain statements
that may be deemed "forward looking statements". All statements in this release,
other than statements of historical facts, that address future production,
reserves potential, exploration drilling, exploration activities and events or
developments that the Corporation expects are forward looking statements.
Although the Corporation beliefs the expectations expressed in such forward
looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward looking statements. Factors that could
cause results to differ materially from those in the forward looking statements
include, but are not limited to: market prices; exploitation and exploration
successes; continued availability of capital, financing and personnel;
government regulation and laws; the Corporations relationship with First
Nations; environmental developments; and general economic, market or business
conditions. Investors are cautioned that such statements are not guarantees of
future performance and those actual results or developments may differ
materially from those projected in the forward looking statements. For more
information on Pacific Iron Ore Corporation, Investors should review the
Corporation's registered filings which are available at www.sedar.com.

Pacific Iron Ore (TSXV:POC)
Historical Stock Chart
From Jun 2024 to Jul 2024

Pacific Iron Ore (TSXV:POC)
Historical Stock Chart
From Jul 2023 to Jul 2024