PanTerra Increases Production at Gadsby

TSX-V: PRC

CALGARY, Jan. 7 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that as a result of field operations at its Gadsby, Alberta property the production has increased by two and a half fold to approximately 250 Mcf per day, bringing acquisition and work-over metrics down to $540 per flowing Mcf or $3,240 per flowing BOE. Further up-hole perforations and stimulations are planned.

PanTerra Resource Corp. is an Alberta-based producing oil & 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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