Pancontinental Resources Corporation completed its analysis of the recent Induced Polarization geophysical survey at the Company's Brewer gold and copper project, located in Chesterfield County, South Carolina. IP results have been integrated with geological and alteration models to define four primary prospective near surface gold targets and deeper conceptual porphyry copper-gold targets. A 6.0-square kilometer dipole-dipole IP geophysical survey was completed, covering most of the 1,000-acre Brewer property and a significant portion of its adjacent Jefferson Project property.

Results of the geophysical analysis and interpretation has led to the identification of four primary target areas. The T-1 target is a SE-dipping polarizable-conductive body that correlates with and extends from a NE-trending zone of near-surface mineralization. This area extends from the former B-6 pit and continues along strike for approximately 700 meters.

Within the central portion of the T-1 target, Pancon's hole 15 discovered a new zone of breccia-hosted mineralization that returned 21.2 meters of 2.23 g/t Au and 0.36% Cu. The T-2 target is the southernmost polarizable-conductive body within the Brewer alteration footprint and is associated with a zone of high grade, near surface gold mineralization identified in shallow historic drilling. The 2022 IP survey reveals this area to be a small chargeability anomaly at surface that broadens and intensifies at depth where the target remains to be drill tested.

The T-3 target aims to test the lateral continuity and down-dip extension of drilled mineralization along the northwest margin of a large polarizable-resistive body. This western target area is further supported by near surface gold mineralization and favorable alteration identified in Pancon RAB drilling. The T-4 target is the result of a 3D inversion of magnetic data and aims to test discrete low- magnetic conical bodies as potentially mineralized sub-volcanic intrusions.