Pancontinental Resources Corporation has entered into an exploration lease and purchase option agreement for the New Sawyer Gold Mine Property. The property is privately owned, containing both surface and mineral rights, and covers 246.6 hectares. The property contains the historic New Sawyer Gold Mine which includes 12 identified vertical shafts.

The property lies within the Sawyer-Keystone Gold Trend, a >20 km long structurally controlled alignment of volcanic-hosted, Haile-type alteration and historic gold mines (Moye, 2018). The New Sawyer mine and the Sawyer Trend are located in Randolph County, North Carolina. The New Sawyer Mine was briefly described by the U.S.G.S. in Professional Paper 213 (Pardee & Park, 1948) where they reported prior surface sampling and noted multiple shafts ranging from 10 - 20 meters in depth.

Records indicated the mine was in production in 1902, however nearby properties were operating much earlier in 1856. Gold was produced from multiple zones hosted in a large zone of Haile- type sericite-pyrite-clay alteration. No production records are available.

The property has since been explored by three companies to varying degrees, starting in the 1980s: 1986-88: Battle Mountain Gold completed systematic soil sampling (357 samples), trenching (13 trenches/1157 m), 6 reverse circulation drill holes and 3 core holes. Soil sampling identified two continuous soil anomalies, the main anomaly extending 650 meters northeast and approximately 200 meters wide, with a second anomaly along trend extending 150 meters northeast and about 80 meters wide. Trenches constructed within this anomaly identified significant gold values in 6 of 8 trenches.

2012: Romarco drilled six holes, no data available. 2019 - 20: Carolina Mining Company compiled historic data and re-excavated portions of two historic trenches within the historic soil gold anomaly to verify the historic results reported by Battle Mountain Gold. Two 30-meter-long mechanical trenches were oriented northwest-southeast across the fabric of the geology, located about 100 meters apart.

The trenches were excavated with a track hoe to the point of refusal. Continuous chip channel samples of oxidized bedrock were collected and analysed using CIMM Best Practices and QA/QC procedures according to NI 43-101 recommendations. Trench results confirmed the historic results and included: Trench NS-1: 30.0 meters @ 1.6 g/t Au from 0 - 30m (open in both directions), Including 16.0 meters @ 2.2 g/t Au, from 12-28 m Trench NS-2: 30.0 meters @ 1.0 g/t Au from 0 - 30 (open in both directions), including 10.0 meters @ 2.1 g/t Au, from 20 - 30 m CMC also completed a helicopter-supported VTEM and Magnetics survey covering the property.

The New Sawyer property contains significant historic results that will be incorporated in a systematic evaluation of gold distribution on the property and within the Sawyer Trend, incorporating new ideas and concepts established recently by the successful developments at the Haile Gold Mine. The New Sawyer property has potential for near surface, oxide, bulk-mineable gold-mineralization within a large, structurally controlled alteration zone that has not been explored.