PanTerra Appoints New Board

TSX-V: PRC

CALGARY, May 26, 2011 /CNW/ - PanTerra Resource Corp. (TSXV:PRC) ("PanTerra" or the "Company") is pleased to announce that, at its recently held Annual General Meeting the following individuals have been appointed to the Company`s Board of Directors: Messer's Gordon F. Dixon QC (Chairman), Jake Pronk P. Geol., J. Glenn Robinson P. Eng., Fred P. Rumak P. Geol., David Thompson CA and Greg Ziegler P. Eng. Corporate Secretary is Douglas T. McCartney LLB. Mr. David J. Halpin did not stand for re-election and the Company would like to thank Mr. Halpin for his past service and wish him well with his future endeavours.

Further, the Company announces that Ms. Oxana Cusnir CMA, has been appointed CFO. Ms. Cusnir brings over 15 years of oil & gas and other accounting experience to the Company. She is a graduate of the Moldova State University with a degree in Economics. At his request, Mr. Ron Sparrow has assumed the role of Controller, allowing him more time in his semi-retirement. The Company would like to express its gratitude to Mr. Sparrow for his dedicated service to PanTerra in his former capacity as CFO over the past 6 years.

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 a current operated production base of 75 BOPD and 100 Mcf/d gas with excellent optimization and exploitation potential.  Additionally, PanTerra holds 'rights' in approximately 119,000 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.    
403-261-5900      
Email:  fred@panterraresource.com  
Jake Pronk P. Geol  
V.P. Exploration
403-261-5900    
Email:  jake@panterraresource.com

 

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PanTerra Resource Corp.

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