PanTerra has Success in East Central, Alberta

TSX-V: PRC

CALGARY, Jan. 18 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has participated as to a 19.25% Net Working Interest in a multi-zone well in East Central, Alberta. The well AOF tested at a rate of 856 Mcf per day. Tie-in operations are currently underway. Follow-up locations are anticipated on the 3.0 Gross (0.58 Net) sections of land the Company has earned.

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 1,000,000 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 Ikkuma Resources Corp.

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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