CALGARY, ALBERTA--(Marketwired - April 3, 2014) - Pacific Iron Ore Corporation (TSX VENTURE:POC) (the "Corporation") is pleased to announce that it has recently received an additional payment of $1 million (now $3.5 million total) in connection with the sale of its interests in the Pearson Project on Vancouver Island. The balance of the purchase price, being $2.1 million, is expected to be received on or before July 31, 2014 (as to $1 million) and October 31, 2014 (as to $1.1 million). The Corporation will issue confirming press releases in due course.