Pancontinental Uranium Corporation
TSX VENTURE : PUC

Pancontinental Uranium Corporation

October 30, 2007 17:36 ET

Pancontinental Grants Options and Amends Press Release

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - Pancontinental Uranium Corporation ("Pancon" or the "Company") (TSX VENTURE:PUC) announces that David Poynton has been appointed Assistant Corporate Secretary of the Company. In addition, Mr. Poynton has been granted options to acquire 50,000 common shares of the Company. The options have a term of five years, are exercisable at Cdn $0.95 per common share, and vest as follows: one-third immediately, one-third after one year and the final one-third after the second year.

Further, the Company is amending its press release dated September 14, 2007. The Company had incorrectly reported that 2,150,000 options were granted on September 13, 2007. The number of options granted on September 13, 2007 was 2,100,000.

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.

Shares Outstanding: 49,806,492

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Pancontinental Uranium Corporation
    Richard Mark
    President and CEO
    1-866-816-0118 or (604) 986-2020
    or
    Pancontinental Uranium Corporation
    Ashleigh Meyer
    Manager, Investor Relations
    (416) 867-8073
    Website: www.PanconU.com