Corporate Presentation

Brewer Maiden Drill Program Intersects 181.6 m of 1.24 g/t Au

TSXV: PUC OTCQB: PUCCF Corporate Presentation – March 2021

Disclaimer This Presentation is not an offer to buy or sell the securities referenced herein, nor has the Securities and Exchange Commission or any state, provincial or territorial regulatory authority determined if this Presentation is truthful or complete.

Any representation to the contrary is a criminal offense.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the applicable securities laws of any state of the United States and may be offered and sold in the United States only in reliance upon an exemption from the registration requirements of the U.S. Securities Act and in accordance with any applicable securities laws of any state of the United States.

Each prospective investor must rely on his or her own examination of Pancontinental Resources Corporation (“Pancon”) and the terms of the offering, including the merits and risks involved in making an investment decision with respect to the securities. The Company makes no representation or warranty, express or implied, and assume no responsibility for the accuracy, reliability or completeness of the information contained in this Presentation.

Forward – Looking Statements

This Presentation includes “forward looking statements”, within the meaning of applicable securities legislation, which are based on the opinions and estimates of management and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar words suggesting future outcomes or statements regarding an outlook. Such risks and uncertainties include, but are not limited to, risks associated with the mining industry (including operational risks in exploration development and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainties involved in the discovery and delineation of mineral deposits, resources or reserves; the uncertainty of resource and reserve estimates and the ability to economically exploit resources and reserves; the uncertainty of estimates and projections in relation to production, costs and expenses; the uncertainty surrounding the ability of Pancon to obtain all permits, consents or authorizations required for its operations and activities; and health and safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, the ability of Pancon to fund the capital and operating expenses necessary to achieve the business objectives of Pancon, the uncertainty associated with commercial negotiations and negotiating with foreign governments and risks associated with international business activities, as well as those risks described in public disclosure documents filed by Pancon. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in securities of Pancon should not place undue reliance on these forward-looking statements.

Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive. The forward-looking statements contained in this Presentation are made as of the date hereof and the Pancon undertakes no obligation to update publicly or revise any forward-looking statements contained in this Presentation or in any other documents filed with Canadian securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. The forward-looking statements contained in this Presentation are expressly qualified by this cautionary statement.

Historical Results

This Presentation contains past mineral exploration results. Pancon has not yet completed the work necessary to verify those past exploration results and the results should not be relied upon. In addition, this Presentation contains information with respect to adjacent mineral properties obtained through public ally available documents. Such information has not been independently verified by Pancon and is not necessarily indicative of the mineralization on Pancon’s projects. The technical and scientific information in this Presentation has been reviewed and approved by Richard “Criss” Capps, PhD, CPG, a Qualified Person under National Instrument 43-101 of the Canadian Securities Administrations.

www.panconresources.com

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The Carolina Slate Belt

Brewer is in the the heart of the most prolific gold belt in the eastern US

www.panconresources.com

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The Brewer Gold Project

Ca ro

li n aS lat

eB

elt

Virginia

North Carolina

Ridgeway Barite Hill

ü Former gold mine (178k oz Au past production; 19871995) abandoned 20 years ago with sulphide gold-copper reclaimed in pits; not explored since. ü 12 km along trend from 150Koz Au/year Haile gold mine in proven, underexplored gold district. ü Environmentally de-risked. ü Strong government and community support.

Brewer Haile

South Carolina

ü Pancon has exclusive right to explore until Oct 2023 and ability to purchase property & all mining rights. ü Funded through 2021 to drill ~10,000 meters of core.

Georgia

www.panconresources.com

ü Brewer + Pancon’s adjacent Jefferson gold project enables large, integrated 2,500-acre land package for robust exploration.

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The Potential Most Prolific Gold Belt in the Eastern U.S.

Brewer is 1 of 100s of former/current gold mines within a 100 km radius.

Brewer, Haile and Ridgeway all formed ~550 million years ago: triplets!

The first gold rush in North America started in North Carolina and South Carolina in the early 1800s.

Roughly 3 in 5,000 gold prospects become economic deposits.

Roughly 1 in 3 economic Example Text : Get a modern PowerPoint Presentation that is deposits become mines. beautifully designed.

The best place to find a new gold mine is at or near a former gold mine. www.panconresources.com

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The Purpose

GOAL Discover a new gold-copper mine at Brewer.

ü Understand, through iterative data-driven analysis, the probable location of new gold-copper mineralization. ü Find, through drilling, new gold-copper mineralization.

OBJECTIVES

ü Expand, through more drilling, the size and shape of new gold-copper mineralization. ü Demonstrate, through data modeling, Brewer’s economic potential.

www.panconresources.com

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Leveraging Historic & Fresh Data Historic BDH002 & 97-4 (chargeability) with Recent Identified Targets

A

High priority drill targets

A

B97-4

A’

BDH002

B97-4 BDH002 Depth extent of historic Brewer pit

Historic Pit Boundary

Historic DDH

BHID BDH002 Incl.

B97-4 Incl.

A’ www.panconresources.com

From (m)

To (m)

Int. (m)

Au g/t

51.4

72.2

21.6

3.7

51.4

57.5

6.1

7.1

190.2

251.2

61.0

1.2

242

245.1

3.1

7.6

* Pancon

Resources has not done sufficient work to validate or classify the historical grade information. The historic grades are not NI 43-101 compliant and should not be relied on by investors.

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Shallow Drill Results Show Widespread Continuity of Gold in All Holes ü Rotary air blast (RAB) drill program (August-September) drilled 1,680 meters in

Phase 1 Drillhole location with 2020 RAB drill holes and RAB results

90 vertical holes averaging 18.5-meter depths, mostly on two parallel northsouth traverses coincident to line 1 and line 4 of Pancon’s resistivity/induced polarization (IP) geophysical surveys (June and July). ü All 90 holes contain gold grading between 0.01 g/t Au and 3.59 g/t Au. ü 91% of all 1,029 samples showed at least detectable amounts of gold (>0.005 g/t). ü Notable results include: •

a sample 300 meters south of the former mine grading 3.59 g/t Au;

•

a sample from a step-out scout hole 250 meters northeast of the former mine grading 1.3 g/t Au;

•

a sample 100 meters west of the former mine grading 2.0 g/t Au;

•

a sample 100 meters southwest of the former mine grading 1.7 g/t Au.

www.panconresources.com

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Maiden Diamond Drill Program at Brewer ü Phase 1 drilling was designed to test below and around the former mine. ü Drill holes were plotted based on analyzing historical data, performing resistivity/IP, magnetic and gravity geophysical surveys and shallow RAB drilling data. ü A total of 2,692 meters was drilled in seven holes, two of which included both sonic and diamond drilling.

Phase 1 Drill Holes

Drill Hole

Location

Orientation

Length (m)

B20C-001

Southwest of former mine

65-degree angle, due south azimuth

341.5

BC20C-002

North of the former mine

45-degree angle, due south azimuth

314.7

B20C-003

West of the former mine

65-degree angle, due south azimuth

503.5

Sonic Hole 1

Vertically in the central area of former mine

Vertical

55.49

B20C-004

Continue down from Sonic Hole 1

Vertical

543.96m for a total hole depth of 599.45m

Sonic Hole 2

Vertically 100m due north of Sonic Hole 1 and B20C-004

Vertical

65.85

B21C-005

Continue down from Sonic Hole 2

Vertical

200.15m for a total hole depth of 266m

B21C-006

250m from the southern wall of the main historic mined pit

65-degree angle, due south azimuth

286.8

B21C-007

500m northwest of the northwest trend historic mined pit

65-degree angle, due south azimuth

380

www.panconresources.com

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3 holes confirm significant continuity of gold mineralization below former mine Phase 1 Drillhole locations and drilled traces (A – A’ = ~550m)

Select Gold Assay Results for B20C-002, B20C-004 and B21C-005

Hole ID

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From (m)

To (m)

Interval (m)

Au (g/t)

B20C-002 incl.

116.10 120.60

141.90 134.10

25.80 13.50

0.53 0.85

and

120.60

123.00

2.40

1.70

B20C-004

66.41

182.00

115.59

0.91

incl.

104.00

175.00

71.00

1.24

incl.

150.50

166.00

15.50

2.35

incl.

162.55

166.00

3.45

5.29

B21C-005

56.00

237.60

181.60

1.24

incl.

60.00

212.00

152.00

1.40

incl.

62.00

137.00

75.00

2.14

incl. incl.

64.90 64.90

89.10 67.90

24.20 3.00

4.26 24.29

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North-South Vertical Section (A – A’ = ~550m)

www.panconresources.com

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Hole 4 Core

150.42 – 153.14 m

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164.30 – 167.00 m

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Hole 5 Core

60.35 – 66.37m

www.panconresources.com

72.08 – 74.85 m

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Visible Gold on Late Fractures in Hole 5

@ 65 m www.panconresources.com

@ 191 m 14

Strong Conceptual Model Golden Martini ü High sulphidation epithermal systems like Brewer are typically created by a big volcanic event that drives channels of fluidized rock (the gin and vermouth) from deep below (the base of the glass) upward through the stem of the glass. ü An olive in the cocktail represents a hot zone of high-grade mineralization. ü The wide circumference of the top of the glass is the visible alteration, often with a silica cap, which Brewer has in abundance. ü Large, highly altered zones like Brewer often contain multiple olives, in clusters.

www.panconresources.com

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High Sulphidation Epithermal Gold-Copper Analogues Brewer and Haile are equivalent age (~550 million years old)

ü Timok gold-copper mine in Serbia: Brewer style

Haile style

• 1.8Moz Au and 0.9Mt Cu in upper zone.

• 9.6Moz Au and 14.3Mt Cu in lower zone.

ü Tujuh Bukit gold-copper-silver mine in Indonesia: • 2.1Moz Au and 72Moz Ag in upper oxide zone.

• 28Moz Au and 8.6Mt Cu in lower zone.

www.panconresources.com

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Golden Brownfields Upside ü Former gold discovery (178k oz Au past production; 1987-1995) exposed at surface with coincident geophysical expression and geochemical gold-copper bullseye. ü Largely untested below 200 meters and open at depth, with abundant and diverse evidence of intrusion-related gold-copper mineralization beneath historic workings. ü Mined pits are <2% of sub-regional gold footprint. ü Near surface gold-copper very likely “the tip of an iceberg,” possibly containing multiple deposits beneath and around the shallow open pits.

Out of 1,000 historic drill holes at Brewer, only 9 went deeper than 200m below surface.

ü The large multielement geochemical and alteration bullseye suggests a very large heat engine at depth. www.panconresources.com

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Next Steps ü Pancon will continue leveraging historic and fresh data to systematically explore the projected gold-copper porphyry system at depth as well as in satellite zones. ü Since Holes 4 and 5 were drilled vertically through and below the 55-65 meters of reclaimed material from the former mining operation and into natural rock, we intend to drill more vertical holes through and below the former mine in our upcoming Phase 2 program. ü Pancon also intends to conduct comprehensive mapping, geophysics, sampling and shallow drilling across the entire Brewer property as well as on Pancon’s 100%-owned Jefferson Project that nearly completely surrounds Brewer. * Pancon

www.panconresources.com

Resources has not done sufficient work to validate or classify the historical grade information. The historic grades are not NI 43-101 compliant and should not be relied on by investors.

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3-D View Historic Brewer Pits

* Pancon

Resources has not done sufficient work to validate or classify the historical grade information. The historic grades are not NI 43-101 compliant and should not be relied on by investors.

www.panconresources.com

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The People 40 years’ exploration experience and discovery success at and near Brewer; 200 years’ exploration experience and success globally.

Layton Croft MA – President and CEO

Patrick Quigley MS – Exploration Manager

Executive with 18 years of global mining experience. Held senior roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy.

Pancon President & CEO since 2017. Erdene Resource Development (TSX: ERD) director since 2015 and chairman since 2019. Degrees from UNC-Chapel Hill; School for International Training; and Tufts University.

Based in Charlotte, NC.

Geologist with more than 10 years of professional exploration geology experience in the US and Latin America, including on a high-sulphidation epithermal gold project similar to Brewer.

MS in economic geology from Colorado School of Mines.

Based in Rock Hill, SC.

Criss Capps PhD, CPG – Senior Advisor, QP Geologist who co-discovered the high-grade Buzzard gold project next to Brewer in 1997. More than 25 years of exploration experience in the Brewer-Haile area, and 45 years total in North America and South America. Co-discovered 6 gold deposits that became the Castle Mountain Gold Mine in California.

Example Based Text : in Evans, GA. Get a modern PowerPoint Presentation that is beautifully designed.

Laurie Curtis PhD – Strategic Advisor Geologist who founded the company that discovered and developed the world class Tujuh Bukit gold-copper district in Indonesia, which has many similarities to Brewer. 50 years of global exploration and executive leadership experience and success. Based in Toronto, ON.

Chris Cherrywell CPG – Technical Advisor

David Mosher – Technical Advisor

Geologist who discovered the Brewer oxide gold deposit in 1983. More than 10 years of exploration and project development experience in the Brewer-Haile area, and 40 years total global exploration and development experience. Based in Denver, CO.

Geologist who led exploration, development and production at multiple gold projects and mines in Canada, West Africa and Russia. 45 years of global exploration and executive leadership experience and success. Co-founder and director of Pancon. Based in Halifax, NS.

www.panconresources.com

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Unique Opportunity ü Brewer offers the rare and special opportunity to quickly vector sulphide-hosted gold-copper feeder zones underneath a former surface oxide gold mine. ü Pancon has exclusive access, a worldclass team, adequate funds, ample time and a solid plan to make a significant new discovery at Brewer. ü Pancon’s technical expertise and experience at and around Brewer means smart exploration with good odds for success.

Criss Capps, Senior Advisor www.panconresources.com

Chris Cherrywell, Technical Advisor (l) & Patrick Quigley, Exploration Manager (r) 21

Company Information TSX Venture

PUC

OTCQB

PUCCF

Shares Outstanding: Share Price (as of March

242.7 million 1, 2021):

52 Week High/Low:

HOLDINGS Management and Directors

Institutions

14%

C$0.14/C$0.025 45%

21.5 million

Warrants (Average $0.12):

65.0 million

Cash on Hand (as of March 1, 2021):

~C$3 million

www.panconresources.com

Retail

Does not include warrants/options

C$0.125

Options (Average $0.10):

High Net Worth Individuals

9%

32%

Layton Croft President & CEO layton@panconresources.com

Jeanny So External Relations Manager info@panconresources.com

Twitter: @PanconResources

LinkedIn: @Pancon-Resources 22

Appendix

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Significance of Maiden Drill Program at Brewer ü Hole 5, from 56 meters’ vertical depth (immediately below the bottom of the former mine), intersected 181.6 meters of 1.24 g/t gold, including: 152 meters of 1.4 g/t gold; 75 meters of 2.14 g/t gold; 24.2 meters of 4.26 g/t gold; and 3 meters of 24.3 g/t gold.

Plan Map of Selected Phase 1 and Historic Drillholes (A – A’ =~ 500m)

ü Hole 4, located 110 meters due south of Hole 5, from 66.4 meters’ vertical depth (about 10 meters below the bottom of the former mine), intersected 115.6 meters of 0.91 g/t gold, including: 71 meters of 1.24 g/t gold; 15.5 meters of 2.35 g/t gold; and 3.45 meters of 5.29 g/t gold.

ü Five sightings of visible gold in Hole 5. ü In Hole 5, 144 out of the 146 samples contain detectable gold, with the lowest detectable gold sample value being 0.034 g/t gold and the highest being 30.2 g/t gold. ü In Hole 4, 341 out of the 373 samples contain detectable gold, with the lowest detectable gold sample value being 0.025 g/t gold and the highest being 6.53 g/t gold. ü In Hole 2, all 219 samples contain detectable gold, with the lowest sample value being 0.012 g/t gold and the highest being 2.05 g/t gold. ü Gold assay results for holes 1, 3, 6, 7 and sonic holes 1-2, and multielement geochemistry results for copper and other elements on all holes but hole 2, are pending. www.panconresources.com

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Brewer History Brewer becomes a Superfund Site 1990 Flood Event Drilling in 1970s Drilling in the 1970s returned 64.3m of 3.3 g/t Au and 0.5% Cu from 30.8m to 95.1 m Reason to believe the oxide might be heap leachable.

1828

1970

First Mined in 1820s $450k dollars of gold production was mined (2/3 from placer mining from the Tanyard Syncline and 1/3 from the open pit).

In 1990, following historic rainstorms, a tailings dam breached and >10 million gallons of cyanide solution contaminated the nearby creek and river.

The dam and plastic-lined tailings pond were repaired, and the company resumed mining in 1991.

1983

1990

Circa 1983-1995 Chris Cherrywell (Pancon’sTechnical Advisor) was the lead geologist responsible for discovering the oxide potential of the Brewer Gold Mine in 1983-84.

High-grade oxide gold was mined near surface (down to ~50 meters) by oxide-specific heap leach technology, in total 178,000 ounces of gold from 1987-95.

Sulphide-hosted gold and copper below 30 meters depth was known, but since there was no way to process it, the sulphide-rich ore was stockpiled on surface and left in the open pit.

www.panconresources.com

When the company abandoned the site in 1999, the U.S. Environmental Protection Agency (EPA) took title to the site and oversaw water treatment operations to contain acid rock drainage.

In 2005, the EPA placed Brewer on the Superfund National Priorities List.

The EPA today confirms that Brewer, under its current control and maintenance (costing ~US$1 million/year) poses no threat to people at or near the site, nor to the natural environment.

1995

1999

Water Treatment In 1995, Brewer Gold Company notified the State of South Carolina of its intent to stop operations at the mine.

The State required Brewer to close and reclaim the mine. During reclamation activities, acid drainage began to emerge and Brewer constructed a water treatment plant which they operated from 1995 to 1999.

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Brewer Option Agreement ü In February 2019, a South Carolina State circuit court appointed the Brewer Gold Receiver (www.brewergold.com), who was tasked to find a qualified company to explore for new gold-copper mineralization and to ensure Brewer remains clean and environmentally safe. ü Following a competitive process throughout 2019, Pancon, in cooperation with Environmental Risk Transfer LLC (ERT), was selected as the winner on January 20, 2020. ü Key terms of the Option Agreement: •

Initial term of 24 months, commencing April 1, 2020. When Pancon spends US$2 million to conduct exploration and environmental due diligence during the initial term, the Company can extend the option term for an additional 18 months and exercise its option to purchase.

•

During the option term, Pancon will conduct exploration and engage ERT – an industry leader providing complex environmental risk-transfer solutions to cost-effectively eliminate environmental liabilities – to implement the environmental due diligence required to determine the Superfund liability at Brewer.

•

According to the Option Agreement, there will be two components of the purchase price if Pancon exercises its option: 1. the cost of an environmental remedy and financial assurance for owning all past environmental liability at Brewer; the final number will be based on a previous estimate by the EPA and on ERT’s upcoming environmental due diligence, both of which will inform negotiations with the Receiver and the Government; and 2. half of total past costs incurred by the Government to clean and manage Brewer since 1999, which, according to Pancon’s and ERT’s winning proposal, will be paid after future mining operations are commissioned, in ten annual installments of 10%, and conditioned on the future mine operator’s ability to pay based on a profit formula to be determined by the parties.

•

These two components will be finalized in a Purchase and Sale Agreement, which will supersede this Option Agreement, and which will be informed by ERT’s environmental due diligence and ERT’s and Pancon’s negotiations with the Receiver, US EPA and SC DHEC.

www.panconresources.com

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ERT: Industry Leaders with Environmental Assurance ü Pancon is working in cooperation with ERT (https://www.environmentalrisktransfer.com), a privately owned company specializing in purchasing, cleaning up, and turning a profit from environmental contaminated and condemned sites, including Superfund sites. ERT is the sector leader in the US environmental risk transfer industry. ü The Waterfield Group (https://www.waterfield.com) and Environmental Operations, Inc. (https://www.environmentalops.com) created ERT to provide complex environmental risk-transfer solutions to corporations that wish to cost-effectively eliminate environmental liability. By offering integrated environmental experience with innovative financial products, ERT provides clients with best in class solutions that define, mitigate and contain environmental and financial liability.

Eliminating Environmental Risk Combined financial, operational, technical and risk management expertise to provide the best in class solutions that define, mitigate and contain environmental and financial liability backed by innovative financial products

Robust Environmental Risk Transfer Solution With proven success in the USA with Superfund site and strong relationships with EPA, industry leaders and State and Federal governments, Waterfield/ERT is ready to deliver assurance and consent decree within 12 months of license to explore is granted.

Environmental Risk Transfer or its affiliates would assume pre-existing environmental conditions, take title to the property, sign a Consent Decree with EPA to perform the remedy for pre-existing conditions and execute a lease with the mining operator containing an indemnity for the mining operator for pre-existing environmental conditions.

www.panconresources.com

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The Plan Roadmap to Discovery Activities below are fully funded

Apr-May 2020 Compile historic and new geophysical, geochemical & geological data (ongoing)

Aug-Sep 2020 Shallow RAB drilling (2,000 m) to test historic and new targets and the reclaimed former mine

Jun-Jul 2020 Conducted gravity, ground magnetics and resistivity/IP geophysics on Brewer property and adjacent Jefferson project

www.panconresources.com

Feb-March 2021 Produce assay, geochemical and mineralogy data; update database and geologic model

Nov 2020-Jan 2021 Deeper core drilling (Phase 1, ~3,000 m) to test priority targets based on geophysics, RAB drill results and historic data compilation

Jul-Aug 2021 Produce assay, geochemical and mineralogy data; update database and geologic model

Apr-June 2021 Complete Phase 2 of core/sonic drilling (~3,500 m) as well as geophysics and RAB drilling

Nov-Dec 2021 Produce assay, geochemical and mineralogy data; update database and geologic model

Sep-Oct 2021 Complete Phase 3 of core/sonic drilling (~3,500 m) and ongoing RAB drilling

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