PanTerra Reports Settlement



    PAN - TSXV

    CALGARY, Sept. 4 /CNW/ - PanTerra Resource Corp. (The "Company") wishes
to advise that pursuant to an agreement with a former officer and director of
the Company, 891,160 common shares are being cancelled and returned to
Treasury. As part of the settlement, PanTerra is returning a portion of the
initial purchase price of the common shares to the former officer and
director.

    PanTerra Resource Corp. is an Alberta-based resource company focused on
the exploration and development of unconventional shallow and shale gas. The
Company holds three exploration permits and four licenses for a total of
1.1 million acres (550,000 acres net) on four properties 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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