PUC Pancontinental Resources Corporation

Pancontinental Uranium Corporation (the "Company") (TSX VENTURE:PUC) is pleased
to announce that its Joint Venture partner, Crossland Uranium Mines Limited
issued the following press release in Australia on March 26, 2012:


Crossland is assessing the Charley Creek Alluvial REE Project along the northern
edge of the West MacDonnell Ranges in Central Australia. Key to this project is
the presence of the two preferred minerals for REE production, monazite for the
Light REE, and Xenotime for the Heavy REE, in easily worked alluvial sand
deposits. Crossland expects that it will be possible to produce high grade
concentrates of these minerals using physical processes well understood in the
mineral sands industry. It should be possible to capitalize on the availability
of high grade concentrates to produce upgraded rare earth products on site. 


Crossland has engaged a highly qualified metallurgical consultant to guide
studies of processing options that may be applicable to the Charley Creek
project. The consultant has provided a detailed review on the chemistry and
process fundamentals for uranium and rare earths, and is supervising heavy
mineral separation flowsheet development under way at Allied Mineral
Laboratories in Perth. 


The review presents a series of preliminary flowsheets covering the steps from
run-of-mine ore through to refining of a monazite/xenotime concentrate and
production of LREE and HREE products. 


The report concludes with a series of recommendations for further resource
development, metallurgical testwork, environmental studies, plant requirements
and flowsheet development and provides valuable guidance to Crossland management
and directors for the work program currently in progress at Charley Creek. 


The review of exploration activities and results contained in this report are
based on information compiled by Geoffrey S Eupene CP, a Fellow of the
Australasian Institute of Mining and Metallurgy. He is a director of Crossland
Uranium Mines Limited and a full time employee of Eupene Exploration Enterprises
Pty Ltd. He has sufficient experience which is relevant to the styles of
mineralization and types of deposits under consideration, and to the activity
which he is undertaking to qualify as a Competent Person as defined in the
December 2004 edition of the Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves (the JORC Code). Geoffrey S Eupene
has consented to the inclusion in this report of the matters based on this
information in the form and context in which it appears. 


About Pancontinental Uranium Corporation

Pancontinental Uranium Corporation ("Pancon") is a Canadian-based company
focused on uranium and REE discovery and development. Through a joint venture
with Crossland Uranium Mines Limited ("Crossland") of Australia, Pancon has
established one of the strongest management teams in the uranium industry. This
management and operating team has unparalleled experience from exploration,
through development to operations, and includes people who were instrumental in
the discovery of two of the largest uranium deposits in the world. Pancon and
Crossland hold an impressive uranium and REE exploration portfolio with projects
in prolific, mining friendly districts. 


Active exploration is ongoing at three Australian projects which include
Chilling, Charley Creek, and Kalabity. The Chilling project has the potential to
host a mirror image of a portion of the renowned Alligator Rivers Uranium Field
containing the large Jabiluka, Ranger and Koongarra deposits. Charley Creek has
the potential for large alluvial REE deposits, and large, lower-grade,
Rossing-type, granite-hosted uranium deposits. The Kalabity project lies in a
district of historic uranium/radium mining that contains a variety of known
uranium deposit styles.


Pancon earned an initial 50% interest in this significant uranium and REE
project portfolio with Crossland through the expenditure of AUD$8 million. In
September 2011, due to prevailing poor financial market conditions, Pancon
elected to conserve its cash and avoid having to raise additional funds at
depressed share prices. As a result, Pancon ceased funding its 50% share of the
Joint Venture expenditures until the end of 2011. Pancon expects its interest
will be reduced by approximately 5%. According to the Joint Venture agreement,
Pancon has the right to resume funding at any time to maintain its interest.
Pancon and Crossland are also pursuing exploration beyond Australia through an
international subsidiary company, Crosscontinental Uranium Limited, and plans
include formulating an exploration program in Burkina Faso. 


ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, President & CEO

For additional information, please visit our website at www.PanconU.com.

Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject
to various risks and uncertainties that could cause actual results and future
events to differ materially from those expressed or implied by such statements.
Investors are cautioned that such statements are not guarantees of future
performance and results. Risks and uncertainties about the Company's business
are more fully discussed in the Company's disclosure documents filed from time
to time with the Canadian securities authorities.

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