PanTerra Resource Corp. - Correction

TSX-V: PRC

CALGARY, Feb. 1 /CNW/ - PanTerra Resource Corp. (The "Company") further to a press release dated January 12, 2011 the Company wishes to announce that the number of options issued were 990,000 and not 940,000 as reported.

PanTerra Resource Corp. is an Alberta-based producing oil and gas company which is focused on the exploration and development of conventional and unconventional potential in Western Canada. The Corporation 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". Further information can be found at: www.panterraresource.com.

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 news release.

SOURCE PanTerra Resource Corp.

For further information:

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

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PanTerra Resource Corp.

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