TMX group

Mar. 25, 2011 (Canada NewsWire Group) --

TSX-V: PRC

CALGARY, March 25 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to announce that pursuant to the terms and conditions of its Stock Option Plan, it has granted, in the aggregate, 280,000 incentive stock options (the "Options") to the officers, directors and consultants of the Company. The Options will be exercisable for a five year period at $0.225 per share and will vest immediately.

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 100,000 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.