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November 2019PUC Monthly Report
Gold amp Battery Metals Insightsbull Month over month commodity pricesbull Year to date commodity prices
Industry News bull Glencore inks 5-year cobalt supply deal
with Chinarsquos GEMbull UBS is underweight equities doesnrsquot
expect global recession bull Pancon further expands its Jefferson
Gold Project surrounding the former Brewer Gold Mine
bull BHP nickel output down 25 in Q3 2019 copper down 3
bull Glencore year-to-date copper nickel production falls
bull Trade war Brexit fears prompt $500mln cost-cutting at Teck
bull Cobalt 27 and Pala Investments an-nounce completion of arrangement
bull Rio Tinto says miners need to leverage technology as scrutiny of the industry rises
Supply amp Demand Newsbull Researchers in Canada develop mil-
lion-mile lithium-ion batterybull Chinarsquos gold-buying spree tops 100 tons
during trade warbull China takes the long view on copper
despite soft marketbull Cobalt market update Q3 2019 in reviewbull Price drop Time to buy gold bull Gold has a role in global decarboniza-
tion bull China Sept nickel ore imports hits high-
est since at least 2016 as Indonesia ban looms
bull Metals sector in costly battle to turn green
bull The big question in metals is what hap-pens next to Nickel
bull Copper is trying to build a basebull Indonesian nickel miners to stop ore
exports immediately
Electric Vehicle Newsbull IMF says tax fossil-fuel emissions heavily
EVs could improve Chinarsquos healthbull EV charging infrastructure is about to
become the next gold rushbull Chinarsquos biggest EV battery manufacturers
+++ lots more news inside
Gold (Au)
Nickel (Ni)
Copper (Cu)
Cobalt (Co)
September 30 2019 $146750 $1756000 $572700 $3650000
October 31 2019 $151220 $1683000 $582300 $3500000
Change (+-) $4470 $73000
$9600 $150000
MoM Change () +305 -416 +168 -411
Source The London Metal Exchange Gold price per ounce
COMMODITY PRICES (in US$ per tonne)INCLUDED IN THIS REPORT
PANCON AT THE 45TH ANNUAL NEW ORLEANS INVESTMENT CONFERENCE
The New Orleans Investment Conference is the one place where the worldrsquos most sophisticated investors gather every year to discover new opportunities and strategies exchange ideas plan for the coming year and enjoy the camaraderie of like-minded indi-viduals in Americarsquos most fascinating and entertaining city
Speakers at the New Orleans Conference have included Lady Margaret Thatcher former President Gerald Ford novelist Ayn Rand General H Norman Schwarzkopf Nobel Prize-winning economists Milton Friedman and FA Hayek Dr Henry Kissinger Senator Barry Goldwater Admiral Hyman Rickover Louis Rukeyser Sir John Templeton Lord William Rees-Mogg Charlton Heston Jeane Kirkpatrick Robert Bleiberg Jack Kemp William F Buckley General Colin Powell Ron Paul and J Peter Grace among hundreds of other notables
Founded in 1974 by legendary entrepreneur James U Blanchard III the Conference is now in its 44th consecutive year It ranks as the preeminent gathering of private investors and attracts wealthy individuals from all 50 states and over 35 nations
Pancon will be featured this year in booth 410 so if you are attending make sure to drop by to say hello and get a face-to-face update from our executives
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 2
PUC Monthly Report - November 2019
Pancontinental Resources Corporation (ldquoPanconrdquo or the ldquoCompanyrdquo) (TSXV PUC) is a Canadian junior mining company focused on North American gold and battery metals projects in proven mining districts and near or surrounding produc-ing or former mines
Gold Project in South Carolina
bull Panconrsquos 100-owned Jefferson Gold Project is 15 km along-trend from the Haile Gold Mine and surrounds the former Brewer Gold Mine property on the prolific and underexplored Carolina Slate Belt in South Carolina USA
Battery Metals Projects in Northern Ontario
Pancon has 5 nickel-copper-cobalt projects in Northern Ontariobull The Montcalm Nova Gambler and
Strachan projects are adjacent to and near the former Montcalm Ni-Cu-Co Mine located 65 km northwest of Timmins ON Canada
bull The St Laurent Project has an advanced Ni-Cu-Co-Au-Pt-Pd target and is located 50 km south of Detour Lake Mine and 20 km southwest of Casa Berardi Mine in northern Ontario Canada
PANCON RESOURCES (TSXV PUC)
PUC MONTHLY REPORT
Presented by Pancon the PUC Monthly Report highlights the latest news in gold and battery metals space such as nickel copper and cobalt
It includes news that affects the market as well as companies that are exploring for developing and producing gold and bat-tery metals
BE IN THE KNOW
Click here to sign-up to get the monthlyPUC Monthly Report and Pancon updates
right on your inbox
PanconResources
FOLLOW US ON TWITTER
LME Nickel(January 1 to October 31 2019)
LME Nickel (October 1 to October 31 2019)
LME Gold (January 1 to October 31 2019)
LME Gold((October 1 to October 31 2019)
LME Copper (January 1 to October 31 2019)
LME Copper (October 1 to October 31 2019)
LME Cobalt(January 1 to October 31 2019)
LME Cobalt (October 1 to October 31 2019)
YEAR TO DATE COMMODITY CHARTS
MONTH OVER MONTHCOMMODITY CHARTS
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 3
PUC Monthly Report - November 2019
The Montcalm Project (3780 hectares) is located within the prospective Montcalm Gabbro Complex 65 km northwest of Timmins Ontario
The project is contiguous to and surrounds the western northwestern and southwest-ern portion of the former Montcalm Mine currently owned by Glencore plc
The former Montcalm Mine was discov-ered and developed based on a single airborne electromagnetic anomaly identified in 1970s and previously mined 3931610 tonnes of ore grading 125 nickel 067 copper and 0051 cobalt producing in excess of 4 million pounds of cobalt (Ontario Geological Survey Atkin-son 2011)
St Laurent Project (4170 hectares) is located in St Laurent Township 160 km northeast of Timmins 50 km south of Detour Lake Mine and 20 km southwest of Casa Berardi Mine
Past shallow drilling at the St Laurent Project identified disseminated multi-element sulphide mineralization across notable widths trending towards a large gabbro-hosted magnetic feature
The Ni-Cu-Co-Au-Pt-Pd zone is open along strike and at depth This mineralized zone importantly is coincident with a strong 600-metre long EM anomaly
The Nova Project (2080 hectares) is located in the Montcalm Greenstone Belt19 km southwest of Glencorersquos former Montcalm Mine
The Strachan Project (2280 hectares) is lo-cated 15 km south of the former Montcalm Mine in the Strachan Gabbro Complex
The Gambler Project (7630 hectares) is a camp-size project situated in the Mont-calm Gabbro Complex surrounding the Montcalm Project and adjacent to the former Montcalm Mine
MONTCALM NI-CU-CO PROJECT
GAMBLER NI-CU-CO PROJECT
STRACHAN NI-CU-CO PROJECT
ST LAURENT NI-CU-CO-PGE PROJECT
NOVA CU-CO-AU PROJECT
SOUTH CAROLINA PROJECT
The Jefferson Gold Project is located in Chesterfield County South Carolina on one of the most significant gold trends in the United States the Carolina Gold Belt
The Jefferson Gold Project is adjacent to the former Brewer gold mine (which produced 178000 oz Au from 1985-1991) and 15 km up trend from OceanaGoldrsquos producing Haile gold mine
The former Ridgeway gold mine located 50 miles along trend southwest of the Jef-ferson Gold Project was a 15000-tonnes per day open pit operated by Kennecott Minerals from 1988-1999
The Haile gold mine first discovered in 1827 is today a new open pit operation with a multi-million ounce resource that commissioned in December 2016 Haile is owned and operated by OceanaGold (TSX OCG) which reports ongoing exploration and the potential for an expansion phase to an underground mine at Haile
Pathway conduits of mineralization discov-ered at Jefferson mimic the same initial exploration successes at Haile
JEFFERSON GOLD PROJECT
NORTHERN ONTARIO PROJECTS
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 4
PUC Monthly Report - November 2019
INDUSTRY NEWS
Investors bought Cobalt 27 for its massive stockpile - now theyrsquore asked to cash out just as cobalt prices are poised to surgeOctober 4 2019
Glencore inks 5-year cobalt supply deal with Chinarsquos GEMOctober 7 2019
UBS is underweight equities doesnrsquot ex-pect global recessionOctober 7 2019
Pancon further expands its Jefferson Gold Project surrounding the former Brewer Gold Mine Outlines upcoming exploration programOctober 17 2019
BHP nickel output down 25 in Q3 2019 copper down 3October 17 2019
Glencore year-to-date copper nickel pro-duction fallsOctober 25 2019
Trade war Brexit fears prompt $500mln cost-cutting at TeckOctober 25 2019
Cobalt 27 and Pala Investments announce completion of arrangementOctober 25 2019
Rio Tinto says miners need to leverage technology as scrutiny of the industry risesOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
SUPPLY amp DEMAND NEWS
Researchers in Canada develop mil-lion-mile lithium-ion batteryOctober 3 2019
Chinarsquos gold-buying spree tops 100 tons during trade warOctober 6 2019
Gold flirts with lows sub-$1500 amid a rally in treasury yieldsOctober 7 2019
Brexit drama is pushing UK investors into gold October 7 2019
Be careful what you wish for record high gold prices are possible but at what cost October 10 2019
October 17 2019
Pancon further expanded its 100-owned Jefferson Gold Project on the gold-rich Car-olina Slate Belt in South Carolina USA and outlined its upcoming exploration program The Jefferson Gold Project now nearly completely surrounds the former Brewer Gold Mine and is 15 kilometres along trend northeast of the multi-million ounce operating Haile Gold Mine
The Jefferson Gold Project now covers 705 hectares (1641 acres) and wraps all the way around the former Brewer Gold Mine (see Image 1 below) Brewerrsquos previous operators produced 178000 ounces of oxide gold in the 1990s from open pit mining that extended to approximately 50-metre depths where they began encountering copper and gold-rich sulfides that could not be processed by the oxide processing facility Brewerrsquos prospective geology including diatreme breccias associated high sulphidation alteration gold and copper mineralization and geophysics support a possible porphyry-style copper-gold system at depth (Schmidt RG 1978 The Potential for Porphyry Copper-Molybdenum Deposits in the Eastern United States US Geological Survey)
ldquoOur Jefferson Project has secured the most prospective land surrounding the former Brewer Gold Mine on the southwest-northeast Carolina Slate Belt gold trend which hosts the Haile Gold Mine just down the road Last week our team walked most of our leased land and we saw ample firsthand evidence that our strategic approach to exploration will be successful Among other compelling findings we saw multiple examples of outcrop and subcrop of strongly altered rock along the Brewerrsquos known northwest trend extending from mineralization at the former mine This seeming extension of Brewerrsquos northwest trend is 400 metres wide and extends across Panconrsquos Jefferson Project for nearly 1 kilome-tre beyond the Brewer property boundaryrdquo stated Layton Croft President amp CEO
CONTINUE ON PAGE 5
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 5
PUC Monthly Report - November 2019
SUPPLY amp DEMAND NEWS (CONTrsquoD)
Copper may face US EV charging infra-structure constrainsOctober 16 2019
China takes the long view on copper de-spite soft marketOctober 20 2019
Cobalt market update Q3 2019 in reviewOctober 21 2019
Price drop Time to buy gold October 22 2019
Gold has a role in global decarbonization October 23 2019
Gold to remain robust despite climate change concernsOctober 24 2019
Unleashing the Golden Dragon October 25 2019
China Sept nickel ore imports hits highest since at least 2016 as Indonesia ban loomsOctober 25 2019
Metals sector in costly battle to turn greenOctober 25 2019
Gold benefits from Brexit LimboOctober 25 2019
The big question in metals is what happens next to NickelOctober 27 2019
Copper is trying to build a baseOctober 28 2019
Indonesian nickel miners to stop ore ex-ports immediatelyOctober 28 2019
EV hype makes nickel star performer but demand timeline uncertainOctober 28 2019
Gold eyes further gains as rock-bottom rates tempt investorsOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
In addition to surrounding the former Brewer Gold Mine the Jefferson Project is ad-jacent on the southwest quandrant to the land hosting the Buzzard gold project an epithermal gold project similar to Haile and Brewer that was co-discovered by Dr Criss Capps with Cepeda Minerals in 1996 Dr Capps PhD RPG SME RegGeo QP is currently Panconrsquos Jefferson Gold Project Senior Consulting Geologist Drilling by Dr Capps at Buzzard which is currently owned by Firebird Resources returned multiple high-grade near-surface gold intersections including 6 metres of 2797 grams per tonne 353 metres of 976 grams per tonne 447 metres of 707 grams per tonne and 15 metres of 572 grams per tonne (source wwwfirebirdrescom)
Last week Dr Capps joined Mr Croft and Dr Margaret Venable PhD CPG QP Panconrsquos Jefferson Gold Project Coordinator and Senior Exploration Geologist on a site visit to prospect across the Projectrsquos expanded footprint (see Image 2 below) As a result Panconrsquos technical team has designed a comprehensive exploration program the initial phase of which will include ground geophysics geological mapping application of X-ray fluorescence (XRF) technology on existing drill core and new surface rock samples appli-cation of state-of-the-art hyperspectral digital image scanning and mineral mapping of core and rock samples and shallow drilling all to begin in January 2020
Pancon expects this work will lead to additional geophysics and a full drill program on targets believed to correlate to the Brewer gold system and with geological similarities to the Haile Gold Mine including similar host rock lithology similar age similar stratig-raphy and time of mineralization as well as similar alteration style and mineral assem-blage (Ayuso RA Wooden JL Foley NK Seal RRII Sinha AK 2005 U-Pb zircon ages and Pb isotopic geochemistry of gold deposits in the Carolina Slate Belt of South Carolina and Foley NK and Ayuso RA 2012 Gold deposits of the Carolina Slate Belt southeastern United States age and origin of the major producers) Pancon cautions that the mineralization on adjacent and nearby properties is not necessarily indicative of the mineralization that may be identified on the Companyrsquos propertybull
Layton Croft President amp CEO and Margaret Venable South Carolina Project Coordinator amp Senior Geologist
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 6
PUC Monthly Report - November 2019
ELECTRIC VEHICLE NEWS
IMF says tax fossil-fuel emissions heavily EVs could improve Chinarsquos healthOctober 11 2019
EV charging infrastructure is about to be-come the next gold rushOctober 20 2019
Chile launches Latin Americarsquos first 100 electric bus corridorOctober 21 2019
Honda brings forward goal to be fully elec-trified in Europe to 2022October 23 2019
FCA announces 50 million battery hub at Mirafiori plant in Italy October 23 2019
First all-electric taxi in London in 120 years takes to the streetsOctober 25 2019
Daimler dumps gas-powered truck bid to build CO2-neutral fleetOctober 25 2019
Bloomberg notes ldquobudding bromancersquo VW CEO aamp Teslarsquos Elon Musk October 25 2019
Chinarsquos biggest EV battery manufacturersOctober 28 2019
October 2019
St Laurent Nickel-Copper-Cobalt project is located in the St Laurent Township in north-ern Ontario is 160 kilometres northeast of Timmins 50 kilometres south of Detour Lake Mine and 20 kilometres southwest of the Casa Berardi Mine
Drilling is now completed so stay tuned for results in the coming weeks
PANCON DRILLING CAMPAIGN AT ST LAURENT NICKEL-COPPER-COBALT PROJECT IN NORTHERN ONTARIO
A drillerrsquos helper a helicopter pilot or a core thief Thatrsquos mining life in Northern Ontario
Our very own Northern Ontario Proj-ect Manager Todd Keast logging core
Northern Ontario fall colours are spectacular this time
of the year
Downhole geophysical survey being conducted
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 7
PUC Monthly Report - November 2019
Layton Croft President amp CEO More than 25 years of leadership and management experience in North America Asia Europe Africa and Latin America including executive and strategic advisory roles with Ivanhoe Mines Rio Tinto Peabody Energy and Duke Energy He also serves as the Chairman of Erdene Resource Development (TSX ERD)
Todd Keast PGeo QP - Northern Ontario Project Manager Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities With an active approach to exploration has advanced projects from grassroots target generation and evaluation through to deposit discovery delineation environmental permitting and PEA
Kevin Filo PGeo QP - Northern Ontario Project Advisor Exploration geologist mining geologist and project generator with nearly 40 years of experience including 30 years in the Abitibi Greenstone Belt region Ontario Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome now one of the largest gold mines in Canada
Margaret Venable PHD CPG QP - South Carolina Project Coordinator and Senior Geologist Specializing in property evaluation and three dimensional analyses and inte-gration of data sets in order to enhance understanding of mineralization and plan future work Margaret has 35+ years of experience from early exploration to mine feasibility Originally from North Carolina she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016
Richard ldquoCrissrdquo Capps PhD CPG QP - South Carolina Project Consultant and Se-nior Geologist 40+ years of experience in minerals exploration and economic geology Mr Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California Originally from North Carolina Mr Capps has been working in the Brewer-Jefferson area since 2016
Christopher Cherrywell CPG QP - South Carolina Principal Geological Advisor 40+ years of experience from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt including working at Brewer Haile and Barite Hill in South Carolina Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine
Mark McMurdie CFO Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies Currently serving as CFO for Roscan Minerals (TSX-V ROS) as well as Director of Finance for franchisor HampS Mas-sage Spa Canada
Jeanny So External Relations Manager More than 20 years of investor relations public relations corporate affairs corporate development and communications experi-ence in the natural resource sector She also serves as a consultant to Purepoint Uranium Group (TSXV PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining
BOARD OF DIRECTORS
Donald Whalen (Chairman)Layton Croft
Rick Mark David MosherDavid Petroff
David Mosher (Chairman) Jay FreemanJeanny So
CAPITAL STRUCTURE
Shares Outstanding 177 million
Share Price (October 31 2019)
$0035
52 Week Range $008$002
365-Day Avg Volume 158410
Options 1535 million
Warrants 2862 million
Fully Diluted 22167 million
Insider Ownership 35
MANAGEMENT TEAM
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (Pancon) believes to be reliable Pancon does not guarantee their accuracy or completeness Any and all statements as of the date of this newsletter are subject to change without notice All information provided on this newsletter must be understood as information presented for discussion only and not investment advice Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy sell or hold securities Pancon expressly disclaims any obligation to update or revise any such forward-looking statements
Qualified Person The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast PGeo a Qualified Person as defined by NI 43-101 a member of Pancons Technical Advisory Committee and Pancons Project Manager Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards this information is believed to be reliable however the Company has not verified this material
STRATEGIC ADVISORY COMMITTEE
wwwpanconresourcescomComments or questions
Ask us on Twitter PanconResources or email us at infopanconresourcescom
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 2
PUC Monthly Report - November 2019
Pancontinental Resources Corporation (ldquoPanconrdquo or the ldquoCompanyrdquo) (TSXV PUC) is a Canadian junior mining company focused on North American gold and battery metals projects in proven mining districts and near or surrounding produc-ing or former mines
Gold Project in South Carolina
bull Panconrsquos 100-owned Jefferson Gold Project is 15 km along-trend from the Haile Gold Mine and surrounds the former Brewer Gold Mine property on the prolific and underexplored Carolina Slate Belt in South Carolina USA
Battery Metals Projects in Northern Ontario
Pancon has 5 nickel-copper-cobalt projects in Northern Ontariobull The Montcalm Nova Gambler and
Strachan projects are adjacent to and near the former Montcalm Ni-Cu-Co Mine located 65 km northwest of Timmins ON Canada
bull The St Laurent Project has an advanced Ni-Cu-Co-Au-Pt-Pd target and is located 50 km south of Detour Lake Mine and 20 km southwest of Casa Berardi Mine in northern Ontario Canada
PANCON RESOURCES (TSXV PUC)
PUC MONTHLY REPORT
Presented by Pancon the PUC Monthly Report highlights the latest news in gold and battery metals space such as nickel copper and cobalt
It includes news that affects the market as well as companies that are exploring for developing and producing gold and bat-tery metals
BE IN THE KNOW
Click here to sign-up to get the monthlyPUC Monthly Report and Pancon updates
right on your inbox
PanconResources
FOLLOW US ON TWITTER
LME Nickel(January 1 to October 31 2019)
LME Nickel (October 1 to October 31 2019)
LME Gold (January 1 to October 31 2019)
LME Gold((October 1 to October 31 2019)
LME Copper (January 1 to October 31 2019)
LME Copper (October 1 to October 31 2019)
LME Cobalt(January 1 to October 31 2019)
LME Cobalt (October 1 to October 31 2019)
YEAR TO DATE COMMODITY CHARTS
MONTH OVER MONTHCOMMODITY CHARTS
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 3
PUC Monthly Report - November 2019
The Montcalm Project (3780 hectares) is located within the prospective Montcalm Gabbro Complex 65 km northwest of Timmins Ontario
The project is contiguous to and surrounds the western northwestern and southwest-ern portion of the former Montcalm Mine currently owned by Glencore plc
The former Montcalm Mine was discov-ered and developed based on a single airborne electromagnetic anomaly identified in 1970s and previously mined 3931610 tonnes of ore grading 125 nickel 067 copper and 0051 cobalt producing in excess of 4 million pounds of cobalt (Ontario Geological Survey Atkin-son 2011)
St Laurent Project (4170 hectares) is located in St Laurent Township 160 km northeast of Timmins 50 km south of Detour Lake Mine and 20 km southwest of Casa Berardi Mine
Past shallow drilling at the St Laurent Project identified disseminated multi-element sulphide mineralization across notable widths trending towards a large gabbro-hosted magnetic feature
The Ni-Cu-Co-Au-Pt-Pd zone is open along strike and at depth This mineralized zone importantly is coincident with a strong 600-metre long EM anomaly
The Nova Project (2080 hectares) is located in the Montcalm Greenstone Belt19 km southwest of Glencorersquos former Montcalm Mine
The Strachan Project (2280 hectares) is lo-cated 15 km south of the former Montcalm Mine in the Strachan Gabbro Complex
The Gambler Project (7630 hectares) is a camp-size project situated in the Mont-calm Gabbro Complex surrounding the Montcalm Project and adjacent to the former Montcalm Mine
MONTCALM NI-CU-CO PROJECT
GAMBLER NI-CU-CO PROJECT
STRACHAN NI-CU-CO PROJECT
ST LAURENT NI-CU-CO-PGE PROJECT
NOVA CU-CO-AU PROJECT
SOUTH CAROLINA PROJECT
The Jefferson Gold Project is located in Chesterfield County South Carolina on one of the most significant gold trends in the United States the Carolina Gold Belt
The Jefferson Gold Project is adjacent to the former Brewer gold mine (which produced 178000 oz Au from 1985-1991) and 15 km up trend from OceanaGoldrsquos producing Haile gold mine
The former Ridgeway gold mine located 50 miles along trend southwest of the Jef-ferson Gold Project was a 15000-tonnes per day open pit operated by Kennecott Minerals from 1988-1999
The Haile gold mine first discovered in 1827 is today a new open pit operation with a multi-million ounce resource that commissioned in December 2016 Haile is owned and operated by OceanaGold (TSX OCG) which reports ongoing exploration and the potential for an expansion phase to an underground mine at Haile
Pathway conduits of mineralization discov-ered at Jefferson mimic the same initial exploration successes at Haile
JEFFERSON GOLD PROJECT
NORTHERN ONTARIO PROJECTS
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 4
PUC Monthly Report - November 2019
INDUSTRY NEWS
Investors bought Cobalt 27 for its massive stockpile - now theyrsquore asked to cash out just as cobalt prices are poised to surgeOctober 4 2019
Glencore inks 5-year cobalt supply deal with Chinarsquos GEMOctober 7 2019
UBS is underweight equities doesnrsquot ex-pect global recessionOctober 7 2019
Pancon further expands its Jefferson Gold Project surrounding the former Brewer Gold Mine Outlines upcoming exploration programOctober 17 2019
BHP nickel output down 25 in Q3 2019 copper down 3October 17 2019
Glencore year-to-date copper nickel pro-duction fallsOctober 25 2019
Trade war Brexit fears prompt $500mln cost-cutting at TeckOctober 25 2019
Cobalt 27 and Pala Investments announce completion of arrangementOctober 25 2019
Rio Tinto says miners need to leverage technology as scrutiny of the industry risesOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
SUPPLY amp DEMAND NEWS
Researchers in Canada develop mil-lion-mile lithium-ion batteryOctober 3 2019
Chinarsquos gold-buying spree tops 100 tons during trade warOctober 6 2019
Gold flirts with lows sub-$1500 amid a rally in treasury yieldsOctober 7 2019
Brexit drama is pushing UK investors into gold October 7 2019
Be careful what you wish for record high gold prices are possible but at what cost October 10 2019
October 17 2019
Pancon further expanded its 100-owned Jefferson Gold Project on the gold-rich Car-olina Slate Belt in South Carolina USA and outlined its upcoming exploration program The Jefferson Gold Project now nearly completely surrounds the former Brewer Gold Mine and is 15 kilometres along trend northeast of the multi-million ounce operating Haile Gold Mine
The Jefferson Gold Project now covers 705 hectares (1641 acres) and wraps all the way around the former Brewer Gold Mine (see Image 1 below) Brewerrsquos previous operators produced 178000 ounces of oxide gold in the 1990s from open pit mining that extended to approximately 50-metre depths where they began encountering copper and gold-rich sulfides that could not be processed by the oxide processing facility Brewerrsquos prospective geology including diatreme breccias associated high sulphidation alteration gold and copper mineralization and geophysics support a possible porphyry-style copper-gold system at depth (Schmidt RG 1978 The Potential for Porphyry Copper-Molybdenum Deposits in the Eastern United States US Geological Survey)
ldquoOur Jefferson Project has secured the most prospective land surrounding the former Brewer Gold Mine on the southwest-northeast Carolina Slate Belt gold trend which hosts the Haile Gold Mine just down the road Last week our team walked most of our leased land and we saw ample firsthand evidence that our strategic approach to exploration will be successful Among other compelling findings we saw multiple examples of outcrop and subcrop of strongly altered rock along the Brewerrsquos known northwest trend extending from mineralization at the former mine This seeming extension of Brewerrsquos northwest trend is 400 metres wide and extends across Panconrsquos Jefferson Project for nearly 1 kilome-tre beyond the Brewer property boundaryrdquo stated Layton Croft President amp CEO
CONTINUE ON PAGE 5
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 5
PUC Monthly Report - November 2019
SUPPLY amp DEMAND NEWS (CONTrsquoD)
Copper may face US EV charging infra-structure constrainsOctober 16 2019
China takes the long view on copper de-spite soft marketOctober 20 2019
Cobalt market update Q3 2019 in reviewOctober 21 2019
Price drop Time to buy gold October 22 2019
Gold has a role in global decarbonization October 23 2019
Gold to remain robust despite climate change concernsOctober 24 2019
Unleashing the Golden Dragon October 25 2019
China Sept nickel ore imports hits highest since at least 2016 as Indonesia ban loomsOctober 25 2019
Metals sector in costly battle to turn greenOctober 25 2019
Gold benefits from Brexit LimboOctober 25 2019
The big question in metals is what happens next to NickelOctober 27 2019
Copper is trying to build a baseOctober 28 2019
Indonesian nickel miners to stop ore ex-ports immediatelyOctober 28 2019
EV hype makes nickel star performer but demand timeline uncertainOctober 28 2019
Gold eyes further gains as rock-bottom rates tempt investorsOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
In addition to surrounding the former Brewer Gold Mine the Jefferson Project is ad-jacent on the southwest quandrant to the land hosting the Buzzard gold project an epithermal gold project similar to Haile and Brewer that was co-discovered by Dr Criss Capps with Cepeda Minerals in 1996 Dr Capps PhD RPG SME RegGeo QP is currently Panconrsquos Jefferson Gold Project Senior Consulting Geologist Drilling by Dr Capps at Buzzard which is currently owned by Firebird Resources returned multiple high-grade near-surface gold intersections including 6 metres of 2797 grams per tonne 353 metres of 976 grams per tonne 447 metres of 707 grams per tonne and 15 metres of 572 grams per tonne (source wwwfirebirdrescom)
Last week Dr Capps joined Mr Croft and Dr Margaret Venable PhD CPG QP Panconrsquos Jefferson Gold Project Coordinator and Senior Exploration Geologist on a site visit to prospect across the Projectrsquos expanded footprint (see Image 2 below) As a result Panconrsquos technical team has designed a comprehensive exploration program the initial phase of which will include ground geophysics geological mapping application of X-ray fluorescence (XRF) technology on existing drill core and new surface rock samples appli-cation of state-of-the-art hyperspectral digital image scanning and mineral mapping of core and rock samples and shallow drilling all to begin in January 2020
Pancon expects this work will lead to additional geophysics and a full drill program on targets believed to correlate to the Brewer gold system and with geological similarities to the Haile Gold Mine including similar host rock lithology similar age similar stratig-raphy and time of mineralization as well as similar alteration style and mineral assem-blage (Ayuso RA Wooden JL Foley NK Seal RRII Sinha AK 2005 U-Pb zircon ages and Pb isotopic geochemistry of gold deposits in the Carolina Slate Belt of South Carolina and Foley NK and Ayuso RA 2012 Gold deposits of the Carolina Slate Belt southeastern United States age and origin of the major producers) Pancon cautions that the mineralization on adjacent and nearby properties is not necessarily indicative of the mineralization that may be identified on the Companyrsquos propertybull
Layton Croft President amp CEO and Margaret Venable South Carolina Project Coordinator amp Senior Geologist
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 6
PUC Monthly Report - November 2019
ELECTRIC VEHICLE NEWS
IMF says tax fossil-fuel emissions heavily EVs could improve Chinarsquos healthOctober 11 2019
EV charging infrastructure is about to be-come the next gold rushOctober 20 2019
Chile launches Latin Americarsquos first 100 electric bus corridorOctober 21 2019
Honda brings forward goal to be fully elec-trified in Europe to 2022October 23 2019
FCA announces 50 million battery hub at Mirafiori plant in Italy October 23 2019
First all-electric taxi in London in 120 years takes to the streetsOctober 25 2019
Daimler dumps gas-powered truck bid to build CO2-neutral fleetOctober 25 2019
Bloomberg notes ldquobudding bromancersquo VW CEO aamp Teslarsquos Elon Musk October 25 2019
Chinarsquos biggest EV battery manufacturersOctober 28 2019
October 2019
St Laurent Nickel-Copper-Cobalt project is located in the St Laurent Township in north-ern Ontario is 160 kilometres northeast of Timmins 50 kilometres south of Detour Lake Mine and 20 kilometres southwest of the Casa Berardi Mine
Drilling is now completed so stay tuned for results in the coming weeks
PANCON DRILLING CAMPAIGN AT ST LAURENT NICKEL-COPPER-COBALT PROJECT IN NORTHERN ONTARIO
A drillerrsquos helper a helicopter pilot or a core thief Thatrsquos mining life in Northern Ontario
Our very own Northern Ontario Proj-ect Manager Todd Keast logging core
Northern Ontario fall colours are spectacular this time
of the year
Downhole geophysical survey being conducted
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 7
PUC Monthly Report - November 2019
Layton Croft President amp CEO More than 25 years of leadership and management experience in North America Asia Europe Africa and Latin America including executive and strategic advisory roles with Ivanhoe Mines Rio Tinto Peabody Energy and Duke Energy He also serves as the Chairman of Erdene Resource Development (TSX ERD)
Todd Keast PGeo QP - Northern Ontario Project Manager Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities With an active approach to exploration has advanced projects from grassroots target generation and evaluation through to deposit discovery delineation environmental permitting and PEA
Kevin Filo PGeo QP - Northern Ontario Project Advisor Exploration geologist mining geologist and project generator with nearly 40 years of experience including 30 years in the Abitibi Greenstone Belt region Ontario Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome now one of the largest gold mines in Canada
Margaret Venable PHD CPG QP - South Carolina Project Coordinator and Senior Geologist Specializing in property evaluation and three dimensional analyses and inte-gration of data sets in order to enhance understanding of mineralization and plan future work Margaret has 35+ years of experience from early exploration to mine feasibility Originally from North Carolina she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016
Richard ldquoCrissrdquo Capps PhD CPG QP - South Carolina Project Consultant and Se-nior Geologist 40+ years of experience in minerals exploration and economic geology Mr Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California Originally from North Carolina Mr Capps has been working in the Brewer-Jefferson area since 2016
Christopher Cherrywell CPG QP - South Carolina Principal Geological Advisor 40+ years of experience from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt including working at Brewer Haile and Barite Hill in South Carolina Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine
Mark McMurdie CFO Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies Currently serving as CFO for Roscan Minerals (TSX-V ROS) as well as Director of Finance for franchisor HampS Mas-sage Spa Canada
Jeanny So External Relations Manager More than 20 years of investor relations public relations corporate affairs corporate development and communications experi-ence in the natural resource sector She also serves as a consultant to Purepoint Uranium Group (TSXV PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining
BOARD OF DIRECTORS
Donald Whalen (Chairman)Layton Croft
Rick Mark David MosherDavid Petroff
David Mosher (Chairman) Jay FreemanJeanny So
CAPITAL STRUCTURE
Shares Outstanding 177 million
Share Price (October 31 2019)
$0035
52 Week Range $008$002
365-Day Avg Volume 158410
Options 1535 million
Warrants 2862 million
Fully Diluted 22167 million
Insider Ownership 35
MANAGEMENT TEAM
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (Pancon) believes to be reliable Pancon does not guarantee their accuracy or completeness Any and all statements as of the date of this newsletter are subject to change without notice All information provided on this newsletter must be understood as information presented for discussion only and not investment advice Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy sell or hold securities Pancon expressly disclaims any obligation to update or revise any such forward-looking statements
Qualified Person The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast PGeo a Qualified Person as defined by NI 43-101 a member of Pancons Technical Advisory Committee and Pancons Project Manager Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards this information is believed to be reliable however the Company has not verified this material
STRATEGIC ADVISORY COMMITTEE
wwwpanconresourcescomComments or questions
Ask us on Twitter PanconResources or email us at infopanconresourcescom
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 3
PUC Monthly Report - November 2019
The Montcalm Project (3780 hectares) is located within the prospective Montcalm Gabbro Complex 65 km northwest of Timmins Ontario
The project is contiguous to and surrounds the western northwestern and southwest-ern portion of the former Montcalm Mine currently owned by Glencore plc
The former Montcalm Mine was discov-ered and developed based on a single airborne electromagnetic anomaly identified in 1970s and previously mined 3931610 tonnes of ore grading 125 nickel 067 copper and 0051 cobalt producing in excess of 4 million pounds of cobalt (Ontario Geological Survey Atkin-son 2011)
St Laurent Project (4170 hectares) is located in St Laurent Township 160 km northeast of Timmins 50 km south of Detour Lake Mine and 20 km southwest of Casa Berardi Mine
Past shallow drilling at the St Laurent Project identified disseminated multi-element sulphide mineralization across notable widths trending towards a large gabbro-hosted magnetic feature
The Ni-Cu-Co-Au-Pt-Pd zone is open along strike and at depth This mineralized zone importantly is coincident with a strong 600-metre long EM anomaly
The Nova Project (2080 hectares) is located in the Montcalm Greenstone Belt19 km southwest of Glencorersquos former Montcalm Mine
The Strachan Project (2280 hectares) is lo-cated 15 km south of the former Montcalm Mine in the Strachan Gabbro Complex
The Gambler Project (7630 hectares) is a camp-size project situated in the Mont-calm Gabbro Complex surrounding the Montcalm Project and adjacent to the former Montcalm Mine
MONTCALM NI-CU-CO PROJECT
GAMBLER NI-CU-CO PROJECT
STRACHAN NI-CU-CO PROJECT
ST LAURENT NI-CU-CO-PGE PROJECT
NOVA CU-CO-AU PROJECT
SOUTH CAROLINA PROJECT
The Jefferson Gold Project is located in Chesterfield County South Carolina on one of the most significant gold trends in the United States the Carolina Gold Belt
The Jefferson Gold Project is adjacent to the former Brewer gold mine (which produced 178000 oz Au from 1985-1991) and 15 km up trend from OceanaGoldrsquos producing Haile gold mine
The former Ridgeway gold mine located 50 miles along trend southwest of the Jef-ferson Gold Project was a 15000-tonnes per day open pit operated by Kennecott Minerals from 1988-1999
The Haile gold mine first discovered in 1827 is today a new open pit operation with a multi-million ounce resource that commissioned in December 2016 Haile is owned and operated by OceanaGold (TSX OCG) which reports ongoing exploration and the potential for an expansion phase to an underground mine at Haile
Pathway conduits of mineralization discov-ered at Jefferson mimic the same initial exploration successes at Haile
JEFFERSON GOLD PROJECT
NORTHERN ONTARIO PROJECTS
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 4
PUC Monthly Report - November 2019
INDUSTRY NEWS
Investors bought Cobalt 27 for its massive stockpile - now theyrsquore asked to cash out just as cobalt prices are poised to surgeOctober 4 2019
Glencore inks 5-year cobalt supply deal with Chinarsquos GEMOctober 7 2019
UBS is underweight equities doesnrsquot ex-pect global recessionOctober 7 2019
Pancon further expands its Jefferson Gold Project surrounding the former Brewer Gold Mine Outlines upcoming exploration programOctober 17 2019
BHP nickel output down 25 in Q3 2019 copper down 3October 17 2019
Glencore year-to-date copper nickel pro-duction fallsOctober 25 2019
Trade war Brexit fears prompt $500mln cost-cutting at TeckOctober 25 2019
Cobalt 27 and Pala Investments announce completion of arrangementOctober 25 2019
Rio Tinto says miners need to leverage technology as scrutiny of the industry risesOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
SUPPLY amp DEMAND NEWS
Researchers in Canada develop mil-lion-mile lithium-ion batteryOctober 3 2019
Chinarsquos gold-buying spree tops 100 tons during trade warOctober 6 2019
Gold flirts with lows sub-$1500 amid a rally in treasury yieldsOctober 7 2019
Brexit drama is pushing UK investors into gold October 7 2019
Be careful what you wish for record high gold prices are possible but at what cost October 10 2019
October 17 2019
Pancon further expanded its 100-owned Jefferson Gold Project on the gold-rich Car-olina Slate Belt in South Carolina USA and outlined its upcoming exploration program The Jefferson Gold Project now nearly completely surrounds the former Brewer Gold Mine and is 15 kilometres along trend northeast of the multi-million ounce operating Haile Gold Mine
The Jefferson Gold Project now covers 705 hectares (1641 acres) and wraps all the way around the former Brewer Gold Mine (see Image 1 below) Brewerrsquos previous operators produced 178000 ounces of oxide gold in the 1990s from open pit mining that extended to approximately 50-metre depths where they began encountering copper and gold-rich sulfides that could not be processed by the oxide processing facility Brewerrsquos prospective geology including diatreme breccias associated high sulphidation alteration gold and copper mineralization and geophysics support a possible porphyry-style copper-gold system at depth (Schmidt RG 1978 The Potential for Porphyry Copper-Molybdenum Deposits in the Eastern United States US Geological Survey)
ldquoOur Jefferson Project has secured the most prospective land surrounding the former Brewer Gold Mine on the southwest-northeast Carolina Slate Belt gold trend which hosts the Haile Gold Mine just down the road Last week our team walked most of our leased land and we saw ample firsthand evidence that our strategic approach to exploration will be successful Among other compelling findings we saw multiple examples of outcrop and subcrop of strongly altered rock along the Brewerrsquos known northwest trend extending from mineralization at the former mine This seeming extension of Brewerrsquos northwest trend is 400 metres wide and extends across Panconrsquos Jefferson Project for nearly 1 kilome-tre beyond the Brewer property boundaryrdquo stated Layton Croft President amp CEO
CONTINUE ON PAGE 5
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 5
PUC Monthly Report - November 2019
SUPPLY amp DEMAND NEWS (CONTrsquoD)
Copper may face US EV charging infra-structure constrainsOctober 16 2019
China takes the long view on copper de-spite soft marketOctober 20 2019
Cobalt market update Q3 2019 in reviewOctober 21 2019
Price drop Time to buy gold October 22 2019
Gold has a role in global decarbonization October 23 2019
Gold to remain robust despite climate change concernsOctober 24 2019
Unleashing the Golden Dragon October 25 2019
China Sept nickel ore imports hits highest since at least 2016 as Indonesia ban loomsOctober 25 2019
Metals sector in costly battle to turn greenOctober 25 2019
Gold benefits from Brexit LimboOctober 25 2019
The big question in metals is what happens next to NickelOctober 27 2019
Copper is trying to build a baseOctober 28 2019
Indonesian nickel miners to stop ore ex-ports immediatelyOctober 28 2019
EV hype makes nickel star performer but demand timeline uncertainOctober 28 2019
Gold eyes further gains as rock-bottom rates tempt investorsOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
In addition to surrounding the former Brewer Gold Mine the Jefferson Project is ad-jacent on the southwest quandrant to the land hosting the Buzzard gold project an epithermal gold project similar to Haile and Brewer that was co-discovered by Dr Criss Capps with Cepeda Minerals in 1996 Dr Capps PhD RPG SME RegGeo QP is currently Panconrsquos Jefferson Gold Project Senior Consulting Geologist Drilling by Dr Capps at Buzzard which is currently owned by Firebird Resources returned multiple high-grade near-surface gold intersections including 6 metres of 2797 grams per tonne 353 metres of 976 grams per tonne 447 metres of 707 grams per tonne and 15 metres of 572 grams per tonne (source wwwfirebirdrescom)
Last week Dr Capps joined Mr Croft and Dr Margaret Venable PhD CPG QP Panconrsquos Jefferson Gold Project Coordinator and Senior Exploration Geologist on a site visit to prospect across the Projectrsquos expanded footprint (see Image 2 below) As a result Panconrsquos technical team has designed a comprehensive exploration program the initial phase of which will include ground geophysics geological mapping application of X-ray fluorescence (XRF) technology on existing drill core and new surface rock samples appli-cation of state-of-the-art hyperspectral digital image scanning and mineral mapping of core and rock samples and shallow drilling all to begin in January 2020
Pancon expects this work will lead to additional geophysics and a full drill program on targets believed to correlate to the Brewer gold system and with geological similarities to the Haile Gold Mine including similar host rock lithology similar age similar stratig-raphy and time of mineralization as well as similar alteration style and mineral assem-blage (Ayuso RA Wooden JL Foley NK Seal RRII Sinha AK 2005 U-Pb zircon ages and Pb isotopic geochemistry of gold deposits in the Carolina Slate Belt of South Carolina and Foley NK and Ayuso RA 2012 Gold deposits of the Carolina Slate Belt southeastern United States age and origin of the major producers) Pancon cautions that the mineralization on adjacent and nearby properties is not necessarily indicative of the mineralization that may be identified on the Companyrsquos propertybull
Layton Croft President amp CEO and Margaret Venable South Carolina Project Coordinator amp Senior Geologist
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 6
PUC Monthly Report - November 2019
ELECTRIC VEHICLE NEWS
IMF says tax fossil-fuel emissions heavily EVs could improve Chinarsquos healthOctober 11 2019
EV charging infrastructure is about to be-come the next gold rushOctober 20 2019
Chile launches Latin Americarsquos first 100 electric bus corridorOctober 21 2019
Honda brings forward goal to be fully elec-trified in Europe to 2022October 23 2019
FCA announces 50 million battery hub at Mirafiori plant in Italy October 23 2019
First all-electric taxi in London in 120 years takes to the streetsOctober 25 2019
Daimler dumps gas-powered truck bid to build CO2-neutral fleetOctober 25 2019
Bloomberg notes ldquobudding bromancersquo VW CEO aamp Teslarsquos Elon Musk October 25 2019
Chinarsquos biggest EV battery manufacturersOctober 28 2019
October 2019
St Laurent Nickel-Copper-Cobalt project is located in the St Laurent Township in north-ern Ontario is 160 kilometres northeast of Timmins 50 kilometres south of Detour Lake Mine and 20 kilometres southwest of the Casa Berardi Mine
Drilling is now completed so stay tuned for results in the coming weeks
PANCON DRILLING CAMPAIGN AT ST LAURENT NICKEL-COPPER-COBALT PROJECT IN NORTHERN ONTARIO
A drillerrsquos helper a helicopter pilot or a core thief Thatrsquos mining life in Northern Ontario
Our very own Northern Ontario Proj-ect Manager Todd Keast logging core
Northern Ontario fall colours are spectacular this time
of the year
Downhole geophysical survey being conducted
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 7
PUC Monthly Report - November 2019
Layton Croft President amp CEO More than 25 years of leadership and management experience in North America Asia Europe Africa and Latin America including executive and strategic advisory roles with Ivanhoe Mines Rio Tinto Peabody Energy and Duke Energy He also serves as the Chairman of Erdene Resource Development (TSX ERD)
Todd Keast PGeo QP - Northern Ontario Project Manager Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities With an active approach to exploration has advanced projects from grassroots target generation and evaluation through to deposit discovery delineation environmental permitting and PEA
Kevin Filo PGeo QP - Northern Ontario Project Advisor Exploration geologist mining geologist and project generator with nearly 40 years of experience including 30 years in the Abitibi Greenstone Belt region Ontario Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome now one of the largest gold mines in Canada
Margaret Venable PHD CPG QP - South Carolina Project Coordinator and Senior Geologist Specializing in property evaluation and three dimensional analyses and inte-gration of data sets in order to enhance understanding of mineralization and plan future work Margaret has 35+ years of experience from early exploration to mine feasibility Originally from North Carolina she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016
Richard ldquoCrissrdquo Capps PhD CPG QP - South Carolina Project Consultant and Se-nior Geologist 40+ years of experience in minerals exploration and economic geology Mr Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California Originally from North Carolina Mr Capps has been working in the Brewer-Jefferson area since 2016
Christopher Cherrywell CPG QP - South Carolina Principal Geological Advisor 40+ years of experience from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt including working at Brewer Haile and Barite Hill in South Carolina Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine
Mark McMurdie CFO Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies Currently serving as CFO for Roscan Minerals (TSX-V ROS) as well as Director of Finance for franchisor HampS Mas-sage Spa Canada
Jeanny So External Relations Manager More than 20 years of investor relations public relations corporate affairs corporate development and communications experi-ence in the natural resource sector She also serves as a consultant to Purepoint Uranium Group (TSXV PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining
BOARD OF DIRECTORS
Donald Whalen (Chairman)Layton Croft
Rick Mark David MosherDavid Petroff
David Mosher (Chairman) Jay FreemanJeanny So
CAPITAL STRUCTURE
Shares Outstanding 177 million
Share Price (October 31 2019)
$0035
52 Week Range $008$002
365-Day Avg Volume 158410
Options 1535 million
Warrants 2862 million
Fully Diluted 22167 million
Insider Ownership 35
MANAGEMENT TEAM
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (Pancon) believes to be reliable Pancon does not guarantee their accuracy or completeness Any and all statements as of the date of this newsletter are subject to change without notice All information provided on this newsletter must be understood as information presented for discussion only and not investment advice Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy sell or hold securities Pancon expressly disclaims any obligation to update or revise any such forward-looking statements
Qualified Person The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast PGeo a Qualified Person as defined by NI 43-101 a member of Pancons Technical Advisory Committee and Pancons Project Manager Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards this information is believed to be reliable however the Company has not verified this material
STRATEGIC ADVISORY COMMITTEE
wwwpanconresourcescomComments or questions
Ask us on Twitter PanconResources or email us at infopanconresourcescom
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 4
PUC Monthly Report - November 2019
INDUSTRY NEWS
Investors bought Cobalt 27 for its massive stockpile - now theyrsquore asked to cash out just as cobalt prices are poised to surgeOctober 4 2019
Glencore inks 5-year cobalt supply deal with Chinarsquos GEMOctober 7 2019
UBS is underweight equities doesnrsquot ex-pect global recessionOctober 7 2019
Pancon further expands its Jefferson Gold Project surrounding the former Brewer Gold Mine Outlines upcoming exploration programOctober 17 2019
BHP nickel output down 25 in Q3 2019 copper down 3October 17 2019
Glencore year-to-date copper nickel pro-duction fallsOctober 25 2019
Trade war Brexit fears prompt $500mln cost-cutting at TeckOctober 25 2019
Cobalt 27 and Pala Investments announce completion of arrangementOctober 25 2019
Rio Tinto says miners need to leverage technology as scrutiny of the industry risesOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
SUPPLY amp DEMAND NEWS
Researchers in Canada develop mil-lion-mile lithium-ion batteryOctober 3 2019
Chinarsquos gold-buying spree tops 100 tons during trade warOctober 6 2019
Gold flirts with lows sub-$1500 amid a rally in treasury yieldsOctober 7 2019
Brexit drama is pushing UK investors into gold October 7 2019
Be careful what you wish for record high gold prices are possible but at what cost October 10 2019
October 17 2019
Pancon further expanded its 100-owned Jefferson Gold Project on the gold-rich Car-olina Slate Belt in South Carolina USA and outlined its upcoming exploration program The Jefferson Gold Project now nearly completely surrounds the former Brewer Gold Mine and is 15 kilometres along trend northeast of the multi-million ounce operating Haile Gold Mine
The Jefferson Gold Project now covers 705 hectares (1641 acres) and wraps all the way around the former Brewer Gold Mine (see Image 1 below) Brewerrsquos previous operators produced 178000 ounces of oxide gold in the 1990s from open pit mining that extended to approximately 50-metre depths where they began encountering copper and gold-rich sulfides that could not be processed by the oxide processing facility Brewerrsquos prospective geology including diatreme breccias associated high sulphidation alteration gold and copper mineralization and geophysics support a possible porphyry-style copper-gold system at depth (Schmidt RG 1978 The Potential for Porphyry Copper-Molybdenum Deposits in the Eastern United States US Geological Survey)
ldquoOur Jefferson Project has secured the most prospective land surrounding the former Brewer Gold Mine on the southwest-northeast Carolina Slate Belt gold trend which hosts the Haile Gold Mine just down the road Last week our team walked most of our leased land and we saw ample firsthand evidence that our strategic approach to exploration will be successful Among other compelling findings we saw multiple examples of outcrop and subcrop of strongly altered rock along the Brewerrsquos known northwest trend extending from mineralization at the former mine This seeming extension of Brewerrsquos northwest trend is 400 metres wide and extends across Panconrsquos Jefferson Project for nearly 1 kilome-tre beyond the Brewer property boundaryrdquo stated Layton Croft President amp CEO
CONTINUE ON PAGE 5
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 5
PUC Monthly Report - November 2019
SUPPLY amp DEMAND NEWS (CONTrsquoD)
Copper may face US EV charging infra-structure constrainsOctober 16 2019
China takes the long view on copper de-spite soft marketOctober 20 2019
Cobalt market update Q3 2019 in reviewOctober 21 2019
Price drop Time to buy gold October 22 2019
Gold has a role in global decarbonization October 23 2019
Gold to remain robust despite climate change concernsOctober 24 2019
Unleashing the Golden Dragon October 25 2019
China Sept nickel ore imports hits highest since at least 2016 as Indonesia ban loomsOctober 25 2019
Metals sector in costly battle to turn greenOctober 25 2019
Gold benefits from Brexit LimboOctober 25 2019
The big question in metals is what happens next to NickelOctober 27 2019
Copper is trying to build a baseOctober 28 2019
Indonesian nickel miners to stop ore ex-ports immediatelyOctober 28 2019
EV hype makes nickel star performer but demand timeline uncertainOctober 28 2019
Gold eyes further gains as rock-bottom rates tempt investorsOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
In addition to surrounding the former Brewer Gold Mine the Jefferson Project is ad-jacent on the southwest quandrant to the land hosting the Buzzard gold project an epithermal gold project similar to Haile and Brewer that was co-discovered by Dr Criss Capps with Cepeda Minerals in 1996 Dr Capps PhD RPG SME RegGeo QP is currently Panconrsquos Jefferson Gold Project Senior Consulting Geologist Drilling by Dr Capps at Buzzard which is currently owned by Firebird Resources returned multiple high-grade near-surface gold intersections including 6 metres of 2797 grams per tonne 353 metres of 976 grams per tonne 447 metres of 707 grams per tonne and 15 metres of 572 grams per tonne (source wwwfirebirdrescom)
Last week Dr Capps joined Mr Croft and Dr Margaret Venable PhD CPG QP Panconrsquos Jefferson Gold Project Coordinator and Senior Exploration Geologist on a site visit to prospect across the Projectrsquos expanded footprint (see Image 2 below) As a result Panconrsquos technical team has designed a comprehensive exploration program the initial phase of which will include ground geophysics geological mapping application of X-ray fluorescence (XRF) technology on existing drill core and new surface rock samples appli-cation of state-of-the-art hyperspectral digital image scanning and mineral mapping of core and rock samples and shallow drilling all to begin in January 2020
Pancon expects this work will lead to additional geophysics and a full drill program on targets believed to correlate to the Brewer gold system and with geological similarities to the Haile Gold Mine including similar host rock lithology similar age similar stratig-raphy and time of mineralization as well as similar alteration style and mineral assem-blage (Ayuso RA Wooden JL Foley NK Seal RRII Sinha AK 2005 U-Pb zircon ages and Pb isotopic geochemistry of gold deposits in the Carolina Slate Belt of South Carolina and Foley NK and Ayuso RA 2012 Gold deposits of the Carolina Slate Belt southeastern United States age and origin of the major producers) Pancon cautions that the mineralization on adjacent and nearby properties is not necessarily indicative of the mineralization that may be identified on the Companyrsquos propertybull
Layton Croft President amp CEO and Margaret Venable South Carolina Project Coordinator amp Senior Geologist
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 6
PUC Monthly Report - November 2019
ELECTRIC VEHICLE NEWS
IMF says tax fossil-fuel emissions heavily EVs could improve Chinarsquos healthOctober 11 2019
EV charging infrastructure is about to be-come the next gold rushOctober 20 2019
Chile launches Latin Americarsquos first 100 electric bus corridorOctober 21 2019
Honda brings forward goal to be fully elec-trified in Europe to 2022October 23 2019
FCA announces 50 million battery hub at Mirafiori plant in Italy October 23 2019
First all-electric taxi in London in 120 years takes to the streetsOctober 25 2019
Daimler dumps gas-powered truck bid to build CO2-neutral fleetOctober 25 2019
Bloomberg notes ldquobudding bromancersquo VW CEO aamp Teslarsquos Elon Musk October 25 2019
Chinarsquos biggest EV battery manufacturersOctober 28 2019
October 2019
St Laurent Nickel-Copper-Cobalt project is located in the St Laurent Township in north-ern Ontario is 160 kilometres northeast of Timmins 50 kilometres south of Detour Lake Mine and 20 kilometres southwest of the Casa Berardi Mine
Drilling is now completed so stay tuned for results in the coming weeks
PANCON DRILLING CAMPAIGN AT ST LAURENT NICKEL-COPPER-COBALT PROJECT IN NORTHERN ONTARIO
A drillerrsquos helper a helicopter pilot or a core thief Thatrsquos mining life in Northern Ontario
Our very own Northern Ontario Proj-ect Manager Todd Keast logging core
Northern Ontario fall colours are spectacular this time
of the year
Downhole geophysical survey being conducted
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 7
PUC Monthly Report - November 2019
Layton Croft President amp CEO More than 25 years of leadership and management experience in North America Asia Europe Africa and Latin America including executive and strategic advisory roles with Ivanhoe Mines Rio Tinto Peabody Energy and Duke Energy He also serves as the Chairman of Erdene Resource Development (TSX ERD)
Todd Keast PGeo QP - Northern Ontario Project Manager Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities With an active approach to exploration has advanced projects from grassroots target generation and evaluation through to deposit discovery delineation environmental permitting and PEA
Kevin Filo PGeo QP - Northern Ontario Project Advisor Exploration geologist mining geologist and project generator with nearly 40 years of experience including 30 years in the Abitibi Greenstone Belt region Ontario Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome now one of the largest gold mines in Canada
Margaret Venable PHD CPG QP - South Carolina Project Coordinator and Senior Geologist Specializing in property evaluation and three dimensional analyses and inte-gration of data sets in order to enhance understanding of mineralization and plan future work Margaret has 35+ years of experience from early exploration to mine feasibility Originally from North Carolina she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016
Richard ldquoCrissrdquo Capps PhD CPG QP - South Carolina Project Consultant and Se-nior Geologist 40+ years of experience in minerals exploration and economic geology Mr Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California Originally from North Carolina Mr Capps has been working in the Brewer-Jefferson area since 2016
Christopher Cherrywell CPG QP - South Carolina Principal Geological Advisor 40+ years of experience from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt including working at Brewer Haile and Barite Hill in South Carolina Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine
Mark McMurdie CFO Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies Currently serving as CFO for Roscan Minerals (TSX-V ROS) as well as Director of Finance for franchisor HampS Mas-sage Spa Canada
Jeanny So External Relations Manager More than 20 years of investor relations public relations corporate affairs corporate development and communications experi-ence in the natural resource sector She also serves as a consultant to Purepoint Uranium Group (TSXV PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining
BOARD OF DIRECTORS
Donald Whalen (Chairman)Layton Croft
Rick Mark David MosherDavid Petroff
David Mosher (Chairman) Jay FreemanJeanny So
CAPITAL STRUCTURE
Shares Outstanding 177 million
Share Price (October 31 2019)
$0035
52 Week Range $008$002
365-Day Avg Volume 158410
Options 1535 million
Warrants 2862 million
Fully Diluted 22167 million
Insider Ownership 35
MANAGEMENT TEAM
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (Pancon) believes to be reliable Pancon does not guarantee their accuracy or completeness Any and all statements as of the date of this newsletter are subject to change without notice All information provided on this newsletter must be understood as information presented for discussion only and not investment advice Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy sell or hold securities Pancon expressly disclaims any obligation to update or revise any such forward-looking statements
Qualified Person The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast PGeo a Qualified Person as defined by NI 43-101 a member of Pancons Technical Advisory Committee and Pancons Project Manager Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards this information is believed to be reliable however the Company has not verified this material
STRATEGIC ADVISORY COMMITTEE
wwwpanconresourcescomComments or questions
Ask us on Twitter PanconResources or email us at infopanconresourcescom
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 5
PUC Monthly Report - November 2019
SUPPLY amp DEMAND NEWS (CONTrsquoD)
Copper may face US EV charging infra-structure constrainsOctober 16 2019
China takes the long view on copper de-spite soft marketOctober 20 2019
Cobalt market update Q3 2019 in reviewOctober 21 2019
Price drop Time to buy gold October 22 2019
Gold has a role in global decarbonization October 23 2019
Gold to remain robust despite climate change concernsOctober 24 2019
Unleashing the Golden Dragon October 25 2019
China Sept nickel ore imports hits highest since at least 2016 as Indonesia ban loomsOctober 25 2019
Metals sector in costly battle to turn greenOctober 25 2019
Gold benefits from Brexit LimboOctober 25 2019
The big question in metals is what happens next to NickelOctober 27 2019
Copper is trying to build a baseOctober 28 2019
Indonesian nickel miners to stop ore ex-ports immediatelyOctober 28 2019
EV hype makes nickel star performer but demand timeline uncertainOctober 28 2019
Gold eyes further gains as rock-bottom rates tempt investorsOctober 28 2019
PANCON FURTHER EXPANDS JEFFERSON GOLD PROJECT SURROUNDING THE FORMER BREWER GOLD MINE OUTLINES UPCOMING PROGRAM
In addition to surrounding the former Brewer Gold Mine the Jefferson Project is ad-jacent on the southwest quandrant to the land hosting the Buzzard gold project an epithermal gold project similar to Haile and Brewer that was co-discovered by Dr Criss Capps with Cepeda Minerals in 1996 Dr Capps PhD RPG SME RegGeo QP is currently Panconrsquos Jefferson Gold Project Senior Consulting Geologist Drilling by Dr Capps at Buzzard which is currently owned by Firebird Resources returned multiple high-grade near-surface gold intersections including 6 metres of 2797 grams per tonne 353 metres of 976 grams per tonne 447 metres of 707 grams per tonne and 15 metres of 572 grams per tonne (source wwwfirebirdrescom)
Last week Dr Capps joined Mr Croft and Dr Margaret Venable PhD CPG QP Panconrsquos Jefferson Gold Project Coordinator and Senior Exploration Geologist on a site visit to prospect across the Projectrsquos expanded footprint (see Image 2 below) As a result Panconrsquos technical team has designed a comprehensive exploration program the initial phase of which will include ground geophysics geological mapping application of X-ray fluorescence (XRF) technology on existing drill core and new surface rock samples appli-cation of state-of-the-art hyperspectral digital image scanning and mineral mapping of core and rock samples and shallow drilling all to begin in January 2020
Pancon expects this work will lead to additional geophysics and a full drill program on targets believed to correlate to the Brewer gold system and with geological similarities to the Haile Gold Mine including similar host rock lithology similar age similar stratig-raphy and time of mineralization as well as similar alteration style and mineral assem-blage (Ayuso RA Wooden JL Foley NK Seal RRII Sinha AK 2005 U-Pb zircon ages and Pb isotopic geochemistry of gold deposits in the Carolina Slate Belt of South Carolina and Foley NK and Ayuso RA 2012 Gold deposits of the Carolina Slate Belt southeastern United States age and origin of the major producers) Pancon cautions that the mineralization on adjacent and nearby properties is not necessarily indicative of the mineralization that may be identified on the Companyrsquos propertybull
Layton Croft President amp CEO and Margaret Venable South Carolina Project Coordinator amp Senior Geologist
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 6
PUC Monthly Report - November 2019
ELECTRIC VEHICLE NEWS
IMF says tax fossil-fuel emissions heavily EVs could improve Chinarsquos healthOctober 11 2019
EV charging infrastructure is about to be-come the next gold rushOctober 20 2019
Chile launches Latin Americarsquos first 100 electric bus corridorOctober 21 2019
Honda brings forward goal to be fully elec-trified in Europe to 2022October 23 2019
FCA announces 50 million battery hub at Mirafiori plant in Italy October 23 2019
First all-electric taxi in London in 120 years takes to the streetsOctober 25 2019
Daimler dumps gas-powered truck bid to build CO2-neutral fleetOctober 25 2019
Bloomberg notes ldquobudding bromancersquo VW CEO aamp Teslarsquos Elon Musk October 25 2019
Chinarsquos biggest EV battery manufacturersOctober 28 2019
October 2019
St Laurent Nickel-Copper-Cobalt project is located in the St Laurent Township in north-ern Ontario is 160 kilometres northeast of Timmins 50 kilometres south of Detour Lake Mine and 20 kilometres southwest of the Casa Berardi Mine
Drilling is now completed so stay tuned for results in the coming weeks
PANCON DRILLING CAMPAIGN AT ST LAURENT NICKEL-COPPER-COBALT PROJECT IN NORTHERN ONTARIO
A drillerrsquos helper a helicopter pilot or a core thief Thatrsquos mining life in Northern Ontario
Our very own Northern Ontario Proj-ect Manager Todd Keast logging core
Northern Ontario fall colours are spectacular this time
of the year
Downhole geophysical survey being conducted
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 7
PUC Monthly Report - November 2019
Layton Croft President amp CEO More than 25 years of leadership and management experience in North America Asia Europe Africa and Latin America including executive and strategic advisory roles with Ivanhoe Mines Rio Tinto Peabody Energy and Duke Energy He also serves as the Chairman of Erdene Resource Development (TSX ERD)
Todd Keast PGeo QP - Northern Ontario Project Manager Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities With an active approach to exploration has advanced projects from grassroots target generation and evaluation through to deposit discovery delineation environmental permitting and PEA
Kevin Filo PGeo QP - Northern Ontario Project Advisor Exploration geologist mining geologist and project generator with nearly 40 years of experience including 30 years in the Abitibi Greenstone Belt region Ontario Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome now one of the largest gold mines in Canada
Margaret Venable PHD CPG QP - South Carolina Project Coordinator and Senior Geologist Specializing in property evaluation and three dimensional analyses and inte-gration of data sets in order to enhance understanding of mineralization and plan future work Margaret has 35+ years of experience from early exploration to mine feasibility Originally from North Carolina she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016
Richard ldquoCrissrdquo Capps PhD CPG QP - South Carolina Project Consultant and Se-nior Geologist 40+ years of experience in minerals exploration and economic geology Mr Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California Originally from North Carolina Mr Capps has been working in the Brewer-Jefferson area since 2016
Christopher Cherrywell CPG QP - South Carolina Principal Geological Advisor 40+ years of experience from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt including working at Brewer Haile and Barite Hill in South Carolina Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine
Mark McMurdie CFO Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies Currently serving as CFO for Roscan Minerals (TSX-V ROS) as well as Director of Finance for franchisor HampS Mas-sage Spa Canada
Jeanny So External Relations Manager More than 20 years of investor relations public relations corporate affairs corporate development and communications experi-ence in the natural resource sector She also serves as a consultant to Purepoint Uranium Group (TSXV PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining
BOARD OF DIRECTORS
Donald Whalen (Chairman)Layton Croft
Rick Mark David MosherDavid Petroff
David Mosher (Chairman) Jay FreemanJeanny So
CAPITAL STRUCTURE
Shares Outstanding 177 million
Share Price (October 31 2019)
$0035
52 Week Range $008$002
365-Day Avg Volume 158410
Options 1535 million
Warrants 2862 million
Fully Diluted 22167 million
Insider Ownership 35
MANAGEMENT TEAM
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (Pancon) believes to be reliable Pancon does not guarantee their accuracy or completeness Any and all statements as of the date of this newsletter are subject to change without notice All information provided on this newsletter must be understood as information presented for discussion only and not investment advice Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy sell or hold securities Pancon expressly disclaims any obligation to update or revise any such forward-looking statements
Qualified Person The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast PGeo a Qualified Person as defined by NI 43-101 a member of Pancons Technical Advisory Committee and Pancons Project Manager Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards this information is believed to be reliable however the Company has not verified this material
STRATEGIC ADVISORY COMMITTEE
wwwpanconresourcescomComments or questions
Ask us on Twitter PanconResources or email us at infopanconresourcescom
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 6
PUC Monthly Report - November 2019
ELECTRIC VEHICLE NEWS
IMF says tax fossil-fuel emissions heavily EVs could improve Chinarsquos healthOctober 11 2019
EV charging infrastructure is about to be-come the next gold rushOctober 20 2019
Chile launches Latin Americarsquos first 100 electric bus corridorOctober 21 2019
Honda brings forward goal to be fully elec-trified in Europe to 2022October 23 2019
FCA announces 50 million battery hub at Mirafiori plant in Italy October 23 2019
First all-electric taxi in London in 120 years takes to the streetsOctober 25 2019
Daimler dumps gas-powered truck bid to build CO2-neutral fleetOctober 25 2019
Bloomberg notes ldquobudding bromancersquo VW CEO aamp Teslarsquos Elon Musk October 25 2019
Chinarsquos biggest EV battery manufacturersOctober 28 2019
October 2019
St Laurent Nickel-Copper-Cobalt project is located in the St Laurent Township in north-ern Ontario is 160 kilometres northeast of Timmins 50 kilometres south of Detour Lake Mine and 20 kilometres southwest of the Casa Berardi Mine
Drilling is now completed so stay tuned for results in the coming weeks
PANCON DRILLING CAMPAIGN AT ST LAURENT NICKEL-COPPER-COBALT PROJECT IN NORTHERN ONTARIO
A drillerrsquos helper a helicopter pilot or a core thief Thatrsquos mining life in Northern Ontario
Our very own Northern Ontario Proj-ect Manager Todd Keast logging core
Northern Ontario fall colours are spectacular this time
of the year
Downhole geophysical survey being conducted
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 7
PUC Monthly Report - November 2019
Layton Croft President amp CEO More than 25 years of leadership and management experience in North America Asia Europe Africa and Latin America including executive and strategic advisory roles with Ivanhoe Mines Rio Tinto Peabody Energy and Duke Energy He also serves as the Chairman of Erdene Resource Development (TSX ERD)
Todd Keast PGeo QP - Northern Ontario Project Manager Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities With an active approach to exploration has advanced projects from grassroots target generation and evaluation through to deposit discovery delineation environmental permitting and PEA
Kevin Filo PGeo QP - Northern Ontario Project Advisor Exploration geologist mining geologist and project generator with nearly 40 years of experience including 30 years in the Abitibi Greenstone Belt region Ontario Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome now one of the largest gold mines in Canada
Margaret Venable PHD CPG QP - South Carolina Project Coordinator and Senior Geologist Specializing in property evaluation and three dimensional analyses and inte-gration of data sets in order to enhance understanding of mineralization and plan future work Margaret has 35+ years of experience from early exploration to mine feasibility Originally from North Carolina she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016
Richard ldquoCrissrdquo Capps PhD CPG QP - South Carolina Project Consultant and Se-nior Geologist 40+ years of experience in minerals exploration and economic geology Mr Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California Originally from North Carolina Mr Capps has been working in the Brewer-Jefferson area since 2016
Christopher Cherrywell CPG QP - South Carolina Principal Geological Advisor 40+ years of experience from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt including working at Brewer Haile and Barite Hill in South Carolina Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine
Mark McMurdie CFO Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies Currently serving as CFO for Roscan Minerals (TSX-V ROS) as well as Director of Finance for franchisor HampS Mas-sage Spa Canada
Jeanny So External Relations Manager More than 20 years of investor relations public relations corporate affairs corporate development and communications experi-ence in the natural resource sector She also serves as a consultant to Purepoint Uranium Group (TSXV PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining
BOARD OF DIRECTORS
Donald Whalen (Chairman)Layton Croft
Rick Mark David MosherDavid Petroff
David Mosher (Chairman) Jay FreemanJeanny So
CAPITAL STRUCTURE
Shares Outstanding 177 million
Share Price (October 31 2019)
$0035
52 Week Range $008$002
365-Day Avg Volume 158410
Options 1535 million
Warrants 2862 million
Fully Diluted 22167 million
Insider Ownership 35
MANAGEMENT TEAM
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (Pancon) believes to be reliable Pancon does not guarantee their accuracy or completeness Any and all statements as of the date of this newsletter are subject to change without notice All information provided on this newsletter must be understood as information presented for discussion only and not investment advice Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy sell or hold securities Pancon expressly disclaims any obligation to update or revise any such forward-looking statements
Qualified Person The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast PGeo a Qualified Person as defined by NI 43-101 a member of Pancons Technical Advisory Committee and Pancons Project Manager Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards this information is believed to be reliable however the Company has not verified this material
STRATEGIC ADVISORY COMMITTEE
wwwpanconresourcescomComments or questions
Ask us on Twitter PanconResources or email us at infopanconresourcescom
Copyright copy2019 Pancontinental Resources Corporation All rights reserved Page 7
PUC Monthly Report - November 2019
Layton Croft President amp CEO More than 25 years of leadership and management experience in North America Asia Europe Africa and Latin America including executive and strategic advisory roles with Ivanhoe Mines Rio Tinto Peabody Energy and Duke Energy He also serves as the Chairman of Erdene Resource Development (TSX ERD)
Todd Keast PGeo QP - Northern Ontario Project Manager Exploration and project geologist with nearly 30 years of experience in a diverse field of commodities With an active approach to exploration has advanced projects from grassroots target generation and evaluation through to deposit discovery delineation environmental permitting and PEA
Kevin Filo PGeo QP - Northern Ontario Project Advisor Exploration geologist mining geologist and project generator with nearly 40 years of experience including 30 years in the Abitibi Greenstone Belt region Ontario Former VP Exploration for acqui-sition team which acquired the Detour Gold Mine from Placer Dome now one of the largest gold mines in Canada
Margaret Venable PHD CPG QP - South Carolina Project Coordinator and Senior Geologist Specializing in property evaluation and three dimensional analyses and inte-gration of data sets in order to enhance understanding of mineralization and plan future work Margaret has 35+ years of experience from early exploration to mine feasibility Originally from North Carolina she has been studying the geology and geophysics of the Brewer-Jefferson area since 2016
Richard ldquoCrissrdquo Capps PhD CPG QP - South Carolina Project Consultant and Se-nior Geologist 40+ years of experience in minerals exploration and economic geology Mr Capps was part of the team that discovered six gold deposits that became the Castle Mountain Gold Mine in California Originally from North Carolina Mr Capps has been working in the Brewer-Jefferson area since 2016
Christopher Cherrywell CPG QP - South Carolina Principal Geological Advisor 40+ years of experience from early exploration to mine feasibility and spent over a decade on the Carolina Gold Belt including working at Brewer Haile and Barite Hill in South Carolina Chris was the lead geologist responsible for discovering the Brewer Gold Mine in 1983-84 and provided project development engineering solutions to support project economics and local socio-economic benefits to the mine
Mark McMurdie CFO Chartered Professional Accountant with more than 30 years of senior leadership experience in public and private companies Currently serving as CFO for Roscan Minerals (TSX-V ROS) as well as Director of Finance for franchisor HampS Mas-sage Spa Canada
Jeanny So External Relations Manager More than 20 years of investor relations public relations corporate affairs corporate development and communications experi-ence in the natural resource sector She also serves as a consultant to Purepoint Uranium Group (TSXV PTU) and is a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining
BOARD OF DIRECTORS
Donald Whalen (Chairman)Layton Croft
Rick Mark David MosherDavid Petroff
David Mosher (Chairman) Jay FreemanJeanny So
CAPITAL STRUCTURE
Shares Outstanding 177 million
Share Price (October 31 2019)
$0035
52 Week Range $008$002
365-Day Avg Volume 158410
Options 1535 million
Warrants 2862 million
Fully Diluted 22167 million
Insider Ownership 35
MANAGEMENT TEAM
Disclaimer All information provided in this newsletter is based upon sources that Pancontinental Resources Corporation (Pancon) believes to be reliable Pancon does not guarantee their accuracy or completeness Any and all statements as of the date of this newsletter are subject to change without notice All information provided on this newsletter must be understood as information presented for discussion only and not investment advice Pancon advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in stocks featured on this newsletter or any stocks for that matter All statements and expressions of the companies featured are not meant to be a solicitation or recommendation to buy sell or hold securities Pancon expressly disclaims any obligation to update or revise any such forward-looking statements
Qualified Person The technical information in this newsletter has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Todd Keast PGeo a Qualified Person as defined by NI 43-101 a member of Pancons Technical Advisory Committee and Pancons Project Manager Cer-tain technical information within this newsletter is historical in nature and pre-dates NI 43-101 standards this information is believed to be reliable however the Company has not verified this material
STRATEGIC ADVISORY COMMITTEE
wwwpanconresourcescomComments or questions
Ask us on Twitter PanconResources or email us at infopanconresourcescom
