Stealth Ventures Ltd. completed sale of oil and gas interests to Panterra Resource Corp. and announces filing of Early Warning Notice



    SLV tsxventure

    CALGARY, Feb. 13 /CNW/ - Stealth Ventures Ltd. (TSX-V: SLV) ("Stealth")
announces that it has completed the sale of certain oil and gas assets in the
Province of Saskatchewan to PanTerra Resource Corp. ("PanTerra"), a reporting
issuer whose shares trade on the TSX Venture Exchange under the symbol "PAN".
    Pursuant to the terms of the agreement between Stealth and PanTerra,
PanTerra issued 13,000,000 common shares to Stealth at a deemed price of $0.25
per share, for aggregate consideration of $3,250,000. These shares are subject
to restrictions on transfer until October 1st, 2008.

    Early Warning Notice of Insider in excess of 10%

    Stealth now holds a total of 13,000,000 common shares of PanTerra,
representing 19.5% of PanTerra's issued and outstanding common shares on an
undiluted basis.
    Stealth may from time to time increase or decrease its ownership of, or
control over, any of PanTerra's securities through market transactions,
private agreements or otherwise, subject to applicable regulatory
requirements. Stealth also announces that it has filed the requisite Early
Warning Notice as a result of its acquisition of these shares of PanTerra.

    Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose
expertise and focus is on the "unconventional" gas reserves including CBM,
shale gas and tight gas sand reservoirs.

    STEALTH VENTURES LTD.

    "W. Robert Bell"

    Per: W. ROBERT BELL
    Chief Executive Officer

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
    RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
    MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.

    %SEDAR: 00008195E




For further information:

For further information: W. Robert Bell, CEO, Mark J. Roth, CFO, Stealth
Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995, Emails:
investorrelations@stealthventures.ca

Organization Profile

STEALTH VENTURES LTD.

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