Announces Management Changes

Panthera Exploration Inc. ("Panthera" or the "Company") (PNX-TSX.V; PNXLF-OTC; OAY1-Frankfurt) announced that the Board of Directors appointed Dr. Gerald Carlson, a Director of the Company, to the role of Interim President and Chief Executive Officer. This appointment follows Bruce Winfield's resignation as President, Chief Executive Officer and a Director of the Company. The Board plans to initiate a search for a new director and President and CEO, which will include both external and internal candidates. The Company thanks Mr. Winfield for his past contributions to the Company as President and CEO and Director and wishes him well with his future endeavours.

The Board of Directors now comprises Gerald Carlson, David Terry, Robert Coltura and David Horton.

Panthera Exploration is a Vancouver-based exploration company listed on the TSX Venture Exchange under the symbol PNX. Management is currently evaluating acquisitions to build its property portfolio with a focus on Latin America due to its excellent potential and to capitalize on Management's knowledge and contacts, gained from over twenty years experience working in that region.

ON BEHALF OF THE BOARD

"Gerald Carlson"

Gerald Carlson, Interim President & CEO


For further information please contact, Gerald Carlson at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@pantheraexploration.com, or visit the Company's web site at http://www.pantheraexploration.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.