PanTerra Announces Company Update



    PAN - TSXV

    CALGARY, March 5 /CNW/ - PanTerra Resource Corp. (The "Company") wishes
to announce that it has completed a number of fracture stimulation programs
involving the use of Nitrogen and Gelled Propane.
    Both fracture stimulation types were successfully placed and the wells
were immediately flowed back. These wells are presently shut-in to record
pressure build-ups.
    The Company is preparing to fracture stimulate other zones (approximately
3 zones per well) that are behind pipe in the 36 wells on its three
Exploratory Permits in Saskatchewan. Once other zones have been fracture
stimulated and flow tested, the Company intends to add compression to further
test the capability of these wells.

    PanTerra Resource Corp. is an Alberta-based resource company focused on
the exploration and development of unconventional shallow and shale gas in the
Province of Saskatchewan. The Company holds 'all rights' in three Exploration
Permits for a total of approximately 1.1 million acres in the Province of
Saskatchewan. PanTerra trades on the TSX Venture Exchange under the symbol
"PAN". Further information can be found at www.panterraresource.com.

    The TSX Venture Exchange has not reviewed nor accepts responsibility for
    the adequacy or accuracy of the contents of this news release.





For further information:

For further information: Fred P. Rumak, P.Geol., President and C.E.O.,
at (403) 261-5900, Email: fred@panterraresource.com; or Herve B. Collet, V.P.
Operations, C.O.O., at (403) 261-5900, Email: herve@panterraresource.com


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