POC Pacific Iron Ore Corporation

Pacific Iron Ore Corporation ("Pacific Iron" or the "Corporation") (TSX
VENTURE:POC) announces that it has closed the previously announced acquisition
of a royalty interest from Stares Contracting Corp. ("Stares") pursuant to a
Royalty Purchase Agreement entered into between Stares and the Corporation on
May 26, 2010.


Pursuant to an option agreement dated May 27, 2002 between Stares and the
Corporation's predecessor in interest (the "Option Agreement"), the Corporation
acquired from Stares certain mining claims located in the Patricia Mining
Division 30 in the Province of Ontario (the "Mining Claims"). The Option
Agreement granted Stares a 3% net smelter returns royalty over the Mining Claims
(the "Royalty").


Pursuant to the terms of the Royalty Purchase Agreement, the Corporation
acquired the Royalty in exchange for consideration consisting of a total of
400,000 listed common shares of the Corporation. In accordance with the terms of
the Royalty Purchase Agreement, the Corporation acquired all of the interest
Stares holds in the Mining Claims, including the Royalty, and the Option
Agreement was terminated. Stares is an arm's length party to the Corporation.


Company Contacts:

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


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.

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