"Company") wishes to announce that, further to its news release of

FOR IMMEDIATE RELEASE

Vancouver, BC – October 2, 2013

FINANCING

VANCOUVER, B.C -- PacificOre Mining Corp. (“PC”:TSX.V / “APAFF”:OTCQX) (the "Company") wishes to announce that, further to its news release of September 12, 2013, that it has increased the size of its proposed financing for the purchase of up to 15,000,000 units at a price of $0.05 per unit for gross proceeds of up to $750,000. Each unit shall consist of one common share and one non-transferable share purchase warrant exercisable for a period of one year at a price of $0.10. Once resale restrictions on the Shares having expired and upon Company’s shares trading at or above a weighted average trading price of $0.15 for 20 consecutive trading days, PacificOre may give notice that the Warrants will expire 30 days from the date of providing such notice (in writing to Warrant holders and via a news release). The proceeds will be primarily used for working capital. The financing is subject to regulatory approval.

About PacificOre Mining Corp.

PacificOre is a mining Company with a growth strategy focused on development of its most advanced project, the 100% owned Lac Dore Project in Quebec, Canada. The Lac Dore Project is a high grade Vanadium project with near surface mineralization and nearby infrastructure supporting the economic viability of the project. Vanadium has been dubbed “the electric metal” for its bright future in energy storage and green technology but its main use today is in highquality steel. This unique project located in one of the best mining jurisdictions holds the key for a stable Canadian supply of Vanadium for years to come.

ON BEHALF OF THE BOARD OR DIRECTORS

“Adriaan Bakker”

Adriaan Bakker

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.