Pancontinental Resources Corporation commenced its maiden diamond drill program on its nickel-cobalt-copper Montcalm Project, located 65 kilometres northwest of Timmins and adjacent to the former Montcalm nickel-cobalt-copper mine, owned by Glencore plc. Pancon's objective for the initial phase of the Montcalm Project drill program is to drill a minimum of 4,500 metres to test aseries of new conductor targets identified in 2018 using airborne Virtual Time Domain Electromagnetic (VTEM) max geophysics. The newly identified VTEM conductors to be drill tested are coincident with a pronounced gravity high Pancon identified from a separate 2018 airborne gravity geophysical survey. In addition, a number of historic ground UTEM electromagnetic targets, left untested by previous operators, are being re-evaluated in conjunction with detailed Induced Polarization (IP) surveys. Integrated analyses of Pancon's new IP, VTEM and gravity results will further optimize the drill program before it commences and once it is underway. Pancon's Montcalm Project (3,780 hectares) is located within the prospective Montcalm Gabbro Complex in the Montcalm Greenstone Belt. The Project is contiguous to and surrounds the western, northwestern and southwestern portion of the former Montcalm Mine, which was discovered and developed based on a single airborne electromagnetic anomaly identified in the 1970s and previously mined 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).