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News Release - Friday, July 20, 2007
Pencari Adds Uranium Property and has Commenced Work in
Madagascar
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Pencari Mining Corporation ("Pencari") is pleased to announce it has
acquired the mineral rights to 25 sq km in the historical uranium
producing area of Ambatofosy. The property was acquired from a local
Malagasy artisan miner.

The Ambatofosy property is situated 18 kilometers west of the city of
Soavinandriana and 106 km west of Antananarivo, the capital of
Madagascar. Historical records reported that the French started
selectively mining this area in the early 1930's producing 20 tonnes of
Betafite from hand-cobbed ore that graded approximately 20-26% uranium
oxide. Mining activities where shut down at the start of the Second
World War and resumed in 1948 by the French Commission a l'Energie
Atomique. Work during this time period consisted of 1200 meters of
underground tunnels and 390 meters of drilling. Historical production
and drilling records for this period are not available.

Old workings on surface can be seen for a length of 250 meters by 100
meters. Artisans are presently mining the zone for quartz crystals 800
meters from the old mine workings. This is an indication that the
structure could continue for a considerable distance, increasing the
opportunity to expand the zone of uranium mineralization.

Pencari feels that this property holds excellent potential and is a
strategic fit with our current uranium property portfolio in
Madagascar. "The high-grade nature of the hand-cobbed ore, 20-26%
uranium oxide with an indication that structure could continue for a
considerable distance, represents an exciting exploration opportunity"
quoted Adrian Rollke, President of Pencari.

Pencari has commenced field work on its properties in Madagascar. This
work consists of a geological and geophysical program of radiometric
and magnetic surveys, sampling, trenching and geological mapping. This
program is designed to allow for drilling as early as the fall of this
year.

Information in this press release has been reviewed by Mr. Jerry
Blackwell P.Geo., a qualified person under NI 43-101.

Pencari Mining Corporation is an exploration and development company
publicly traded on the TSX Venture Exchange.


PENCARI MINING CORPORATION
"Adrian Rollke"
Per: Adrian Rollke
President, CEO & Director

For further information contact the Company at: Telephone:
604-683-2808, Facsimile: 604-683-2286, e-mail:
info@pencarimining.com.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. This
news release may contain forward looking statements based on
assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of exploration and
other risk factors beyond its control, and actual results may differ
materially from the expected results.

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Copyright (c) 2007 PENCARI MINING CORPORATION (PMC) All rights
reserved. For more information visit our website at
http://www.pencarimining.com/ or send mailto:info@pencarimining.com
Message sent on Mon Jul 23, 2007 at 9:10:46 AM Pacific Time
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