EXPLORING FOR

GOLD & BATTERY METALS IN PROVEN NORTH AMERICAN MINING DISTRICTS

Q4 - 2019

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 ResultsThis 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 Todd Keast, P. Geo., a Qualified Person under National Instrument 43-101 of the Canadian Securities Administrations.

Disclaimer

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LEADERSHIP Team & CAPITAL StructureLayton Croft - President & CEO: More than 25 years of leadership and management experience in North America, Asia, Europe, Africa and Latin America, including executive and advisory roles with Ivanhoe Mines, Rio Tinto, Peabody Energy and Duke Energy. Director of ErdeneResource Development (TSX: ERD) since 2015 and Chairman of the Board since June 2019.

Margaret Venable, PHD, CPG, QP - South Carolina Project Coordinator & Senior Geologist: Specializing in property evaluation and three dimensional analyses and integration 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 “Criss” Capps, PhD, CPG, QP – South Carolina Project Consultant & Senior Geologist: 40+ years of experience in minerals exploration and economic geology. Mr. Capps co-discovered the high-grade Buzzard gold prospect next to Pancon’s Jefferson Project, and 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 the 1990s.

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 has also provided engineering solutions to support project economics and local socio-economic benefits to the mine.

Todd Keast, P.Geo. – Northern Ontario Project Manager: Exploration and project geologist with 30 years of experience in a diverse field of commodities. Has led and advanced projects from grassroots target generation and evaluation through to deposit discovery, delineation, environmental permitting and PEA.

Kevin Filo, P.Geo. – 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, Ontario. Former VP Exploration for team which acquired the Detour Gold Mine from Placer Dome, now one of the largest gold mines in Canada.

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 (TSXV: ROS), as well as Director of Finance for H&S Massage Spa Canada.

Jeanny So - External Relations Manager: More than 15 years of investor relations, corporate development, communications and communities experience in the mining sector. She is a consultant to Purepoint Uranium Group (TSXV: PTU) and a member of Prospector and Developers Association of Canada (PDAC) and Women In Mining.

BOARD OF DIRECTORS

Donald Whalen (Chair)Layton Croft

Rick Mark

David MosherDavid Petroff

STRATEGIC ADVISORY COMMITTEE

David Mosher Jay Freeman

Jeanny So

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TSX Venture PUC

Shares Outstanding: 177 million

Share Price (October 1, 2019): $0.03

52 Week High/Low: $0.08/$0.02

365-Day Average Volume: 158,410

Options: 15.35 million

Warrants: 28.62 million

Fully Diluted: 221.67 million

Insider Ownership: 35%

Jefferson Gold Project strategically located on the Carolina Slate Belt GOLD IN SOUTH CAROLINA

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• The highly mineralized and underexplored Carolina Slate Belt runs from Georgia northeast through the Carolinas to Virginia, and has hosted many gold mines, including Barite Hill, Ridgeway, Howie, Haile and Brewer

• Pancon's 100%-owned Jefferson Gold Project is ideally located in this gold-rich trend and surrounds the former Brewer Gold Mine, which mined 178,000 oz Au from 1987-1995

• The Jefferson Project is 15 kilometres along trend northeast of the operating Haile Gold Mine, which produced 131,819 ounces of gold in 2018 and has measured and indicated gold resources of 3.1 million oz Au

• The Jefferson Project is 55 kilometres along trend northeast of the former Ridgeway Gold Mine, where Kennecott Minerals produced more than 1.6 million oz Au from 1988-1999

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JEFFERSON Gold Project, USA 100%-owned project surrounds former Brewer Gold Mine, 15km on trend from producing Haile Gold Mine

• Pancon’s 100%-owned Jefferson Gold Project (705 hectares) surrounds the former Brewer Gold mine property (405 hectares)

• Brewer mined 178,000 oz Au several decades ago from open pit operations that mined only down 50 metres where copper- and gold-rich sulphides were discovered but couldn’t be processed with a heap leach facility designed only for oxide gold ore

• Brewer’s prospective geology, including diatreme breccias, associated high sulphidation alteration, gold and copper mineralization, and geophysics support a possible porphyry-style copper-gold system

• Jefferson has multiple examples of outcrop and subcrop of strongly altered rock extending from mineralization at the former Brewer mine

• This seeming extension of Brewer’s northwest trend is 400 metres wide and extends across Pancon’s Jefferson Project for nearly 1 kilometre

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JEFFERSON Gold Project, USA 100%-owned project surrounds former Brewer Gold Mine, 15km on trend from producing Haile Gold Mine

• The Project is adjacent, on the southwest quandrant, to Buzzard, an epithermal gold project similar to Haile and Brewer• Buzzard was co-discovered by Pancon’s senior geologist Dr. Criss Capps, who drilled multiple near-

surface gold intersections at Buzzard including: 6m of 27.97 g/t, 35.3m of 9.76 g/t, 44.7m of 7.07 g/t, and 15m of 5.72 g/t

• Pancon’s exploration plan for the Project in 2020 includes: ground geophysics, geological mapping, application of X-ray fluorescence (XRF) technology and state-of-the-art hyperspectral digital image scanning and mineral mapping of existing drill core and new rock samples, and shallow drilling

• Pancon expects this 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 stratigraphy and time of mineralization, as well as similar alteration style and mineral assemblage

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JEFFERSON Gold Project, USA 100%-owned project surrounds former Brewer Gold Mine, 15km on trend from producing Haile Gold Mine

• Haile Gold Mine, first discovered in 1827 and currently owned and operated by OceanaGold (TSX:OCG), is an open pit operation with a multi-million ounce resource and the potential for an expansion phase to an underground mine

• OceanaGold bought Haile from Romarco Minerals in 1996 for US$600 million, and then spent another $380 million to build the mine which began producing in 2018

• Jefferson Gold Project hosts similarities to Haile:

• Similar host rock lithology, similar age, similar stratigraphy and time of mineralization, as well as similar alteration style and mineral assemblage

• Of the 10 holes drilled on the Jefferson Gold Project between 2011-17, nine of them intersected gold mineralization, including one averaging 1.27 grams per tonne over 164.3 metres

An emerging battery metals district

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Ni-Cu-Co project in Montcalm Gabbro Complex, adjacent to Glencore’s former Montcalm Mine, 65 km NW of Timmins

MONTCALM PROJECT (Option to own up to 100%)

Ni-Cu-Co camp-sized project, in Montcalm Gabbro Complex, adjacent to Glencore’s former Montcalm Mine

GAMBLER PROJECT (100% owned)

Au-Cu-Co project with preliminary surface exploration results, 19 km SW of former Montcalm Mine

NOVA PROJECT (Option to own up to 100%)

Ni-Cu-Co project in Strachan Gabbro Complex, 15 km S of former Montcalm MineSTRACHAN PROJECT (Option to own up to 75%)

NORTHERN ONTARIO Camp-sized land position in low-risk area with excellent infrastructure and strong social license to operate.

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Contains an advanced exploration target hosting a prominent 600-metre long EM anomaly associated with Ni-Cu-Co-Au-Pt-Pd mineralization

ST. LAURENT PROJECT (Option to own up to 100%)

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HIGHLIGHTS

• 20km SW of Hecla Mining’s Casa Berardi Au-Ag Mine

• The mine has produced approximately 1.9 million recovered gold

ounces since commencing production in 1988, including about

931,244 recovered ounces since production recommenced in

November 2006

• 50km South of Detour Lake Gold Mine

• Commenced gold production in 2013 with a LoM of ~ 22yrs with

an avg annual production of 659,000 oz Au

• 100km SW of Balmoral’s Grasset Ni – Cu – Co – PGE Deposit

• Indicated Resource Estimate (2016) – 3.5 million tonnes @

1.56% Ni, 0.17% Cu, 0.03% Co, 0.34 g/t Pt and 0.84 g/t Pd;

• Recent expansion drilling on the deposit has successfully

expanded the deposit and set the stage for additional expansion

work planned for 2019

The St. Laurent Project covers 4,200 hectares (42 square kilometres) in an active mining region with ongoing exploration programs and sustained Ni-Cu exploration projects

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SIGNIFICANT EM-Anomaly

• Ni-Cu-Co sulphide deposits may consist of massive, semi-massive and net-textured lenses with disseminated halos

• Such halos are good exploration vectors to target find massive sulphides

• The strong airborne EM anomaly is a conductive feature that is positioned with the non-conductive disseminated mineralization

• The sulphur content from the assayed Eastmain mineralized zones are relatively low, which is expected in accordance with disseminated sulphides

• Projected to massive sulphides of approximately 35% S*, St. Laurent’s Ni grade could potentially be 4.8% and the Co grade could potentially be 0.2%

• These are comparable massive sulphide grades found at the former Montcalm Mine

Robust 600-metre long EM anomaly with associated Ni-Cu-Co-Au-Pt- Pd Mineralization trending towards a large gabbro-hosted magnetic feature

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* Calculating Ni and Co tenor to 100% sulphide is a common practice in Ni-Cu-Co exploration to determine potential economic possibilities of nickel sulphide mineralization.

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DEFINED Drill Targets• Mineralized zone defined by 3 shallow drill

holes (open along strike and at depth)

Mineralized zones have an associated geochemical anomaly, providing cost-effective exploration tool in additional drilling

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1966 S. Gray, in association with Asarco Exploration

Source: Ministry of Northern Development and Mines assessment report 32E05SE0004

DDH# Width (m) Ni % Cu%PA-1 2.7 0.78 0.23PA-5 19.3 0.36 0.33

PPA-7 26.5 0.16 0.23

2008 Eastmain & Falconbridge Drilling (604 m)

Source: Ministry of Northern Development and Mines assessment report 20006295

DDH#

From (m)

To (m)

Width (m)

Ni%

Cu%

Co (ppm)

AU-Pt-Pd(ppb)

SL-08-0157.4 64.5 7.1 0.14 0.22 95 10471.9 82.4 10.5 0.14 0.15 92 7893.9 112.4 18.5 0.18 0.12 143 60

SL-08-0265.2 81.1 15.9 0.27 0.23 149 8585.4 90.9 5.5 0.51 0.31 290 7094.2 104.2 10.0 0.34 0.34 191 145

SL-08-03 157.1 187.1 30.0 0.25 0.20 145 92

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HIGHLIGHTSThe Montcalm Project covers 3,780 hectares (37.8 square kilometres) and is next to Glencore’s former Montcalm Mine

• Ni-Co-Cu project contiguous to and surrounding the former Montcalm Mine, with both hosted by Gabbro Complex

• A 4,500-metre diamond drilling program completed in early 2019

• Pancon is currently conducting IP surveys and a geophysical reinterpretation on the newly discovered Hook zone in anticipation of follow-up drilling in the coming winter

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The former Montcalm Mine, currently owned by Glencore, was discovered and developed based on a single airborne electromagnetic anomaly identified in the 1970s

Source: M.BLECHA, Teck Corporation, H. THALENHORST, Metallgesellschaft Ltd., and A.KOMURA, Dowa Mining Co

• Mine produced 3,931,610 tonnes of ore grading 1.25% nickel (Ni), 0.67% copper (Cu), and 0.051% cobalt (Co), producing in excess of 4 million pounds of Co (Ontario Geological Survey, Atkinson, 2011)

• West & East Zones approximately 200 metres long and up to 25 metres thick

• Sulfide zones indicated to continue to a depth of at least 300 metres, and remain open

MONTCALM Mine

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Selected Samples from the Montcalm Deposit

Source: C.T Barrie/A.J. Naldrett(Department of Geology, University of Toronto)

Ni % Co % Cu %1.98 0.08 0.432.60 0.15 1.081.73 0.07 0.211.36 0.05 0.243.58 0.21 0.512.49 0.17 1.062.09 0.16 1.442.45 0.10 1.512.72 0.14 0.662.61 0.18 1.203.19 0.19 0.983.85 0.24 0.202.60 0.21 0.441.77 0.06 0.524.30 0.20 0.413.73 0.17 0.591.82 0.11 1.882.69 0.11 0.502.51 0.12 1.451.54 0.30 1.334.70 0.19 0.22

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MAIDEN Drill Program Tested Airborne VTEM geophysical anomalies identified in 2018 and identifies target area for further evaluation

• The Ontario Ministry of Northern Development and Mines' (MNDM) 1990 GEOTEM Survey (Map 81360) identified 11 EM anomalies in the area covered by the combined land positions controlled by Pancon (Montcalm Project) and Glencore (Montcalm Mine)

• The former Montcalm Mine is coincidental with 3 of those 11 EM anomalies

• 6 of the 11 EM anomalies from the MNDM Survey are associated with a complex magnetic feature called the Hook zone.

• These 6 anomalies are proximal to each other and form two east-west oriented trends which follow the magnetic pattern

• The magnetic pattern in the Hook zone has a curved hook shape indicating local change in strike direction

• This change in strike direction posed a problem for the VTEM line orientation, and thus Pancon's subsequent drilling orientation. This would explain why Pancon's 2 holes in the Hook zone did not intersect mineralization

• Pancon's 2 strongest VTEM anomalies are both located in the Hook zone

• They were not explained by drilling, remain viable targets and are the subject of ongoing reinterpretation

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HIGHLIGHTS

• 7,620 hectares (76.2 km2) covering significant portion of Montcalm Gabbro Complex and a continuation of Montcalm Project geology

• Airborne geophysical surveys and analysis will prioritize target areas of interest

• Geophysical results to be incorporated into ongoing interpretation and compilation with neighboring Montcalm Project

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Camp-size property surrounding the Montcalm Project and adjacent to Glencore’s former Montcalm Mine

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HIGHLIGHTS

• Regionally, the Nova Project covers a portion of the eastern boundary

of a major regional structure known as the Kapuskasing High

• Numerous surface occurrences of Co values as well as Cu and Au

• Limited surface sampling by Teck geologist returned high-grade Co sample (1991) containing 3,230 ppm or ~6.5 lb/t Co

• Government survey identified numerous airborne geophysical anomalies that remain untested

Nova is an early stage Au-Cu-Co exploration project covering 2,080 hectares (20.8 km2 ) 19 km southwest of Glencore’s former Montcalm Mine

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HIGHLIGHTSStrachan covers 2,280 hectares (22.8 km2) of the Strachan Gabbro Complex south of Glencore’s former Montcalm Mine

• Pancon’s fourth early stage Ni-Co-Cu exploration project in the emerging Montcalm battery metals district

• Underexplored gabbro 15km south of Montcalm Mine

• 2 MMI geochemical soil anomalies

• 1 explained EM anomaly, coincident with one of the MMI geochemical anomalies

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WHY Pancon Now?

Poised for discovery

All 6 projects near or surrounding producing or former mines

in safe proven mining jurisdictions

Management and technical teams with global track

record of discovery, development and

value creation

Nano technology may impact demand for gold in the mid-to long term as gold’s role is growing

in solar energy technologies

As a leading global producer of gold, nickel, copper and cobalt, North America is primed to respond to the growing demand for

commodities required in clean energy technologies

Because copper is a highly efficient conductor of electricity and heat, it is used in renewable energy systems to generate power

from solar, hydro, thermal and wind energy across the world

Innovation trends in advanced battery technology require significantly more nickel content in

today’s batteries

Cobalt, primarily mined as a by-product of nickel and copper, is important as a key input for

rechargeable batteries, and thus electric vehicles

GOLD & BATTERY METAL PROJECTS IN THE WORLD’S SAFEST & MOST PROSPECTIVE JURISDICTIONS

www.panconresources.com

Twitter: @PanconResources

EXPLORING FOR

GOLD & BATTERY METALS IN PROVEN NORTH AMERICAN MINING DISTRICTS