Announces Private Placement

Panthera Announces Private Placement

Panthera Exploration Inc. (TSX-V: PNX, FRA: GAC, WKN: A0RK7E, "Panthera" or the "Company") is pleased to announce a non-brokered private placement financing of up to 1,250,000 units at a price of $0.20 per unit for aggregate proceeds up to $250,000.

Each unit will be comprised of one common share and one transferable warrant. Each warrant will entitle the holder, on exercise, to purchase one additional common share of the Company at a purchase price of $0.30 per warrant share for 18 months from the date of issue of the warrant.

Proceeds from the private placement will be used to advance the Company's Fierro exploration project in Rio Negro, Argentina, general working capital and business development. Insiders of the Company may participate in a portion of the financing. A finder's fee may be payable on a portion of this financing. This financing is subject to regulatory approval and the private placement securities will be issued subject to a minimum four-month hold period from the date of issuance.

About Panthera Exploration Inc.

Panthera is a Vancouver-based iron ore exploration company led by an industry-renowned management team with technical expertise and market experience. Panthera has entered into an option agreement, subject to regulatory approval, to earn 100% interest in the Fierro high-grade iron ore project, located in Rio Negro, Argentina located immediately adjacent to the producing Minera Sierra Grand iron mine, owned by Metallurgical Corporation of China Ltd. Management is planning an aggressive exploration program at Fierro and continues to evaluate acquisitions to build its property portfolio with a focus on iron ore projects with established value and significant upside potential. Panthera is a member of the Grosso Group, a management company specializing in resource exploration since 1993.