PanTerra Announces Director Change

TSX-V: PRC

CALGARY, Jan. 5 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that Mr. Gordon F. Dixon Q.C. has been appointed to its Board of Directors to spearhead the Company in an exciting new direction. Mr. Dixon, who is in private practice at Dixon Law Firm in Calgary, has been involved in the oil and gas exploration & production and mining business in Canada for the past 35 years. He has been actively involved in the drilling of over 1,000 exploratory and development wells. He currently serves as a director of Jasper Mining Corporation and is Chairman of the Board and CEO of Fortune Energy Inc., a private oil and gas company in Calgary. He has served on numerous Boards including; Petro Reef Resources Ltd., Blackpool Exploration Ltd., Raider Resources Ltd. and Petrolia Oil and Gas Ltd. He also owns and operates Calaway Park in Calgary and has been a director of the Calgary Philharmonic Orchestra and the Calgary Center for the Performing Arts. 

Mr. Dixon will be replacing Mr. David R.J. Lefebvre who has decided to step down from the Board after many years of dedicated service. The Company wishes to thank Mr. Lefebvre for his past service.

PanTerra is a diversified junior public oil and gas company listed on the TSXV (PRC.V) with holdings in both conventional and unconventional projects in Western Canada. The Company has an operated production base of 75 BOPD and 240 Mcf/d gas with excellent optimization and exploitation potential.  Additionally PanTerra holds 'rights' in excess of 100,000 acres in various properties in Western Canada. PanTerra trades on the TSX Venture Exchange under the symbol "PRC". Company information can be found at: www.panterraresource.com.

Neither the 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 release.

SOURCE PanTerra Resource Corp.

For further information:

Fred P. Rumak P.Geol.    
President and C.E.O. at 403-261-5900  
Email: fred@panterraresource.com  

Profil de l'entreprise

PanTerra Resource Corp.

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