PanTerra Announces Options Grant



    PAN - TSXV

    CALGARY, Jan. 6 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to
announce that pursuant to the terms and conditions of its Stock Option Plan,
it has granted, in the aggregate, 1,920,000 incentive stock options (the
"Options") to the officers, directors and employees of the Company. The
options will be exercisable for a five year period at $0.11 per share.

    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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