PanTerra Resource Corp. - East Central Alberta Update

TSX-V: PRC

CALGARY, Jan. 25 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that the previously announced gas well in east central Alberta was tied in and is producing as of January 18th 2010. The Company is presently assessing the extent of an oil zone that was also discovered in the subject well and follow up drilling locations are anticipated.

PanTerra Resource Corp. is an Alberta-based oil and gas company that 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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