PanTerra Clarifies ASC Announcement

TSX-V: PRC

CALGARY, Feb. 24 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") wishes to clarify the announcement of the Alberta Securities Commission (ASC) that it is seeking to reciprocate orders imposed by the British Columbia Securities Commission (BCSC) against Andrew Gordon Walker, Dale Michael Paulson and Giuliano Angelo Tamburrino.

PanTerra confirms that it is not involved with the ASC announcement and further confirms that Walker, Paulson and Tamburrino have had no involvement in any capacity with PanTerra since 2006. 

PanTerra is a diversified junior public oil and gas company listed on the TSXV (PRC.V) with holdings in both conventional and unconventional projects in Western Canada. The Company has an operated production base of 75 BOPD and 240 Mcf/d gas with significant optimization and exploitation potential.  Additionally PanTerra holds 'rights' in excess of 100,000 acres in various properties in Western Canada. PanTerra trades on the TSX Venture Exchange under the symbol "PRC". Company information can be found at: www.panterraresource.com.

Neither the 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.


SOURCE PanTerra Resource Corp.

For further information:

Fred P. Rumak P.Geol.    
President and C.E.O. at 403-261-5900  
Email: fred@panterraresource.com  

Profil de l'entreprise

PanTerra Resource Corp.

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