TMX group

May 27, 2010 (Canada NewsWire Group) --

TSX-V: PRC

PanTerra Resource Corp. (The "Company") wishes to report that it has SEDAR filed its First Quarter Financial Statements, Notes to the Financials and MD&A for the period ending March 31, 2010. Copies of this filing may be obtained on SEDAR (www.sedar.com) or by contacting the Company.

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.