Pacific Iron Ore Corporation (TSX VENTURE:POC) (the "Corporation") reports that
it continues to work with the purchaser on the sale of its interests in the
Pearson Project on Vancouver Island. Efforts to close the transaction are
ongoing and the Corporation anticipates that the transaction will close in the
near future. The Corporation will issue a Press Release confirming the sale in
due course. 


Company Contacts

For further information, please refer to the Corporation's profile on SEDAR
which can be accessed at www.sedar.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 believes 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.


Neither the 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 his release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Iron Ore Corporation
R. A. N. Bonnycastle
Chairman
(403) 269-6795
(403) 265-2887 (FAX)
www.pacificironorecorp.com

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