Pantera Petroleum, Inc.
OTC Bulletin Board : PTPE

Pantera Petroleum, Inc.

January 22, 2008 09:15 ET

Pantera Petroleum Announces Senior Geologist Joins Advisory Board

AUSTIN, TEXAS--(Marketwire - Jan. 22, 2008) - Pantera Petroleum, Inc. (OTCBB:PTPE) is pleased to announce the addition of Jim David to its Board of Advisors.

About Jim David:

Mr. David brings more than 44 years of geological evaluation experience with major multi-national oil exploration companies to Pantera Petroleum. In his long and successful career, Mr. David has vast experience in supervising geological, land, and engineering staffs, preparing drilling budgets, and evaluating prospect and property acquisitions in a wide variety of producing areas, including the U.S. Gulf Coast, Alaska, Mid-continent, and the Appalachian Basin.

Mr. David began his career in 1964 working for Mobil Oil as an Exploration and Development Geologist, generating prospects and drilling locations in producing fields in the U.S. Gulf Coast and Alaska for over a decade. Beginning in 1975, Mr. David served as Alaska Chief Geologist and Senior Staff Geologist for Texas International and then Exploration Manager for Reserve Oil, Inc., Northern Division before founding Alexander Energy Corporation in 1980. Mr. David led Alexander Energy's growth until its merger in 1996 with National Energy Group, Inc., where Mr. David became a Director and Vice President, Exploration and Development, serving until 2001.

Mr. David is currently Vice President, Development and Exploration, and Director for Bridge Energy where he is responsible for geological evaluation of all potential reserve acquisitions, as well as recommendations as to all proposed drilling locations and supervision of all geological work.

Mr. David graduated with a BA in Geology from Louisiana Tech University and earned his MA in Geology from the University of Missouri in 1964. Mr. David is an AAPG Certified Professional Geologist.

"Jim David's success as a pioneer in the oil industry significantly strengthens our growing team," says Chris Metcalf, President and CEO of Pantera. "Jim's vast knowledge and experience in geology, property evaluation, and drilling give us a real competitive advantage as we further execute our exploration and development strategy."

Further Information

Shareholders and prospective investors are encouraged to visit Pantera Petroleum's website www.panterapetroleum.com and download Pantera Petroleum's Investor Summary. Please feel free to call investor relations toll-free at 1-866-511-1147 to receive a full corporate investor's package.

About Pantera Petroleum

Pantera Petroleum, Inc. is a publicly traded oil and gas exploration company (OTCBB:PTPE) headquartered in Austin, TX with operations in Asuncion, Paraguay. Our mission is to explore and discover energy supply in North and South America. Our strategy is to acquire and explore known, but under-explored, production areas with the most modern exploration and discovery techniques. Pantera Petroleum, Inc. has rights to five concessions in northern Paraguay, covering nearly 4,000,000 acres, with combined potential reserves of 6.7 TCFE of gas or 1.1 billion barrels of oil.

On behalf of the Board of Directors

PANTERA PETROLEUM, INC.

Chris Metcalf, President and CEO

Legal Notice Regarding Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Additional information on risks for the Company can be found in filings of the Company with the US Securities and Exchange Commission.

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