Private Placement Increased

Jan. 7, 2010 (TheNewswire.ca) --

Panthera Exploration Inc. (the "Company")(PNX-TSX.V; PNXLF-OTC; OAY-Frankfurt) is pleased to announce its intention to increase the non-brokered private placement, announced on December 30, 2009, by an additional 500,000 units ("Units") to 4,700,000 Units of the Company at a price of $0.13 per Unit. Each Unit will consist of one common share and one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.18 per share in year one and $0.22 per share in year two.

This financing is subject to regulatory approval and a four-month hold period.

The proceeds from this financing will be used for general working capital.

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ON BEHALF OF THE BOARD

"Bruce Winfield"

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Bruce Winfield, President & CEO

For further information please contact, Bruce Winfield at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@pantheraexploration.com, or visit the Company's web site at http://www.pantheraexploration.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 the accuracy of this release. 2010

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