POC Pacific Iron Ore Corporation

Pacific Iron Ore Corporation (TSX VENTURE:POC) (the "Corporation") announces
that it has filed its Financial Statements and Management Discussion and
Analysis for the years ended December 31, 2013 and 2012. These documents are now
available on SEDAR.


2013 Results

During 2013 the Corporation generated interest revenue of $2,503 (2012 - $981)
and incurred a net loss of $832,783 per $.01 per common share (2012 - $3,385,644
or $0.05 per common share). Its major expenses included: operating expenses of
$125,817 (2012-$158,412); general and administrative costs of $180,659 (2012 -
$234,823); stock based compensation expenses of Nil (2012 - $122,797); the
write-down of mineral properties of $450,587 (2012 -$4,004,508). 


Operating expenses totaled $125,817 in 2013 as compared to $158,412 in 2012, a
decrease of $32,595. In 2013, the major categories of expenditure were as
follows:




--  Amortization of equipment of $13,247 ($31,739 in 2012). 
--  Consulting costs of $63,360 ($81,000 in 2012) relating to operational
    management services provided to the Corporation which did not pertain to
    exploration or financial services. 
--  Travel costs of $6,125 ($10,579 in 2012) incurred in transporting staff,
    advisors and investors to the Corporation's principal mining properties.
--  Office, rent and utility expenses of $14,979 ($16,574 in 2012). 
--  Automotive related costs of $1,150 ($242 in 2012). 
--  Insurance costs $10,495 ($11,374 in 2012). 
--  Equipment Rental of $16,273 ($6,625 in 2012)



Mineral property acquisition costs and exploration costs expensed during the
period totaled $24,272 as compared to $14,147 in 2012 due to lower exploration
activity in 2012.


General and administrative expenses totaled $180,659 as compared to $234,823 in
2012, a decrease of $54,164. In 2013, the major categories of expenditure
included: 




--  Legal and accounting fees $149,286 ($201,443 in 2012). The costs are
    associated with annual audit, adoption of International Financial
    Accounting Standards ("IFRS") and review procedures, filing of tax
    returns, consulting services provided in the preparation of interim
    statements and regulatory filings and general corporate advisory
    services. Also see disclosures with respect to related party
    transactions. 
--  Advertising, Investor relations, corporate communication and security
    exchange fees totaling $20,224 ($21,079 in 2012). 
--  Insurance costs of $8,500 ($8,500 in 2012). 
--  Interest expenses and bank charges totaled $35,966 ($1,825 in 2012).



Write downs of mineral properties totaled $450,587 as compared to $4,004,508 in
2012. After accessing the preliminary results of the 2008 to 2011 Exploration
Programs, the remaining financial resources of the Corporation, the ability to
raise additional capital and management's belief of the future potential of
certain mining claims in British Columbia and Ontario, the Corporation wrote off
the deferred costs associated with certain claims.


Stock based compensation expense totaled $nil ($122,797 in 2012) and arises from
the issuance of stock options and broker warrants during the previous period. 


Company Contacts:

For further information please refer to the Corporations profile on SEDAR which
can be accessed at www.sedar.com or 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 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 Corp.
R. A. N. Bonnycastle
Chief Executive Officer
(403) 269-6795
(403) 265-2887 (FAX)
www.pacificironorecorp.com

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