POC Pacific Iron Ore Corporation

Pacific Iron Ore Corporation (TSX VENTURE:POC),("Pacific Iron Ore" or the
"Company") has filed a Technical Report to support the previously released
(February 1, 2011) updated mineral resource for its 100% owned Bugaboo Creek
Deposit, which is located near Port Renfrew on Vancouver Island. This National
Instrument 43-101 report prepared by Wardrop, a Tetra Tech Company ("Wardrop")
of Vancouver, British Columbia, has been filed on www.SEDAR.com, and is also
available for review on the company's website, www.pacificironorecorp.com. It is
estimated that the Bugaboo Creek deposit contains an inferred resource of 14.3
million tonnes grading 60 percent recoverable magnetite, which is nearly double
the previous estimate. A cut-off of 20 percent magnetite was used in the
determination of this resource. 


The corporation is advancing the Bugaboo Creek deposits with the corporate goal
of exporting approximately 2 million tonnes per year of iron concentrate to
steel producers within the Pacific region. Additional exploration is required to
meet these proposed production targets. 


The estimate was prepared by Klaus Triebel, CPG, who is an employee of Wardrop,
a qualified person for purposes of National Instrument 43-101 and independent of
the Company. The effective date of the estimate is March 9, 2011. 


Pacific Iron Ore Corporation reported a resource estimate of 7.8 million tonnes
in late 2008 and the current revision of resources is based on drilling
completed in 2009 and 2010. In 2009, the corporation drilled 16 holes, totaling
approximately 4700 metres and in 2010, the corporation drilled 32 holes of
totaling approximately 9100 metres. 


The aforementioned resources are contained within five zones, these zones are
typically 200 to 300 metres in lateral extent and 20 to 40 metres in thickness.
Results are summarized in the following table.




----------------------------------------------------------------------------
                                                                            
Zone                                 Tonnage(i)         Grade        Density
                                            Mt        % Fe3O4           g/cc
                                                                            
----------------------------------------------------------------------------
                                                                            
Upper Conqueror                          3,967             54           3.57
Lower Conqueror                          4,863             63           3.81
Daniel                                   3,043             64           3.83
Deep Zone                                2,237             58           3.67
Mishael                                    214             59           3.68
                                                                            
Total                                   14,324             60              -
                                                                            
----------------------------------------------------------------------------



(i) reported tonnages are inferred under NI 43-101 

It is expected that additional drilling will increase the resources within the
Bugaboo Creek project, current Bugaboo Creek exploration costs for a tonne of
high-grade iron resource is in the range of $0.55 per tonne. The Mishael zone,
Lower Conqueror zone and the Deep zone are considered open to expansion of their
respective resources. These resource estimates are considered preliminary in
nature. 


The deposits are considered high-grade and are typical of a skarn iron deposits.
Iron mineralization is associated with the contact between intrusive diorites
and limestone formations. These deposits are located approximately 11 kilometres
from Port Renfrew on the west coast of Vancouver Island. 


Analysis of sample material from the drilling program on the Bugaboo Creek
project was completed by ALS Chemex of North Vancouver, B.C., with high grade
iron samples(greater than 20 percent Fe) being by the University of British
Columbia for magnetically recoverable iron content. 


The Company has initiated baseline environmental studies to ensure that permit
timelines are not compromised. This work is currently being managed by Allnorth
Consultants of Vancouver, and includes surface water quality evaluation,
meteorological and hydrological data collection as well as site planning. 


Preliminary grinding test work has been completed by G&T Metallurgical Services
of Kamloops, B.C., evaluating four mineralized zones for work index
determination. 


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. 


Jeffrey B. Austin, P.Eng. is the qualified person for Pacific Iron Ore
Corporation and responsible for the content of this news release. 


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.

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