CALGARY, ALBERTA--(Marketwire - Dec. 29, 2010) - Pursuant to the disclosure requirements of applicable securities laws, R.A.N. Bonnycastle ("Bonnycastle") reports that he indirectly acquired ownership of a total of 263,160 Flow Through shares ("Flow Through Shares") in the capital of Pacific Iron Ore Corporation (the "Corporation"). The Corporation issued the Common Shares from treasury to R. A. N. Bonnycastle at a price of Cdn $0.38 per flow through share.