Panterra confirms exercise price of options

    PAN - TSXV

    CALGARY, Aug. 11 /CNW/ - PanTerra Resource Corp. (the "Company") wishes
to confirm that the exercise price of the options granted on July 22, 2009 was
$0.10 per share and not $0.07 as stated in the press release of July 23, 2009.
On July 22, 2009, pursuant to the terms and conditions of its stock option
plan, PanTerra granted 2,035,000 incentive stock options (the "Options") to
certain officers, directors and employees of the Company. The Options are
exercisable for a five year period at $0.10 per share.

    PanTerra is an Alberta-based resource company focused on the exploration
and development of unconventional shallow and shale gas and its deeper rights
potential in the Province of Saskatchewan. The Company holds 'all rights' in
three Exploration Permits for a total of approximately 1 million acres in the
Province of Saskatchewan. PanTerra trades on the TSX Venture Exchange under
the symbol "PAN". Further information can be found at

    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 release.

For further information:

For further information: Fred P. Rumak P.Geol., President and C.E.O. at
(403) 261-5900, Email:; or Herve B. Collet, V.P.
Operations/C.O.O. at (403) 261-5900, Email:

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