PanTerra SEDAR files Q2 2010 Financial Statements and Cancels Options

TSX-V: PRC

CALGARY, Aug. 26 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has SEDAR filed its Second Quarter Financial Statements, Notes to the Financials and MD&A for the period ending June 30, 2010. Copies of this filing may be obtained on SEDAR (www.sedar.com) or by contacting the Company.

The Company also announces that it is cancelling stock options with respect to 435,000 shares. Following the cancellation the Company will have 655,000 options issued under its rolling 10% stock option plan.  The Company has 22,848,873 issued and outstanding common shares.  Any future options to directors, officers, employees and consultants will be granted, subject to TSX Venture Exchange acceptance, on terms in accordance with the Company's Stock Option Plan and with Exchange policy.

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.    or          Herve B. Collet
President and C.E.O. at 403-261-5900               V.P. Operations / C.O.O. at 403-261-5900
Email: fred@panterraresource.com             Email:herve@panterraresource.com


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