Pan Terra Industries Inc.
NEX BOARD : PNT.H

Pan Terra Industries Inc.

February 26, 2007 09:00 ET

Pan Terra 3rd Quarter Results

CALGARY, ALBERTA--(CCNMatthews - Feb. 26, 2007) - Pan Terra Industries Inc. (NEX BOARD:PNT.H) announces it has filed its 3rd Quarter 2007 financial results for the three and nine month periods ended December 31, 2006.

The Company is reporting a net loss of $353,029 and a loss of $0.02 per share for the three months ended December 31, 2006. This compares to a net loss of $655,772 and a loss of $0.03 per share for the three months ended December 31, 2005. Net income for the nine months ended December 31, 2006 is $577,078 and $0.03 per share. This compares with a net loss of $597,545 and a loss of $0.03 for the nine months ended December 31, 2005.

This quarter directly reflects the results of selling the construction assets of the Bluebird Division to Trotter and Morton as a logical progression following the net profit interest partnership announced in April 2006. This transaction was approved by the shareholders at the Annual General and Special Shareholders Meeting on December 15, 2006 and a subsequently received regulatory approval.

The Company continues to be undercapitalized and remains challenged by shortages in cash to the extent that it has developed specific credit strategies to deal with outstanding payables with its suppliers. The Company is now operating as a public company shell on the NEX Exchange and is focused on financing and identifying a new business opportunity, possibly in the energy services business.

About Pan Terra

Pan Terra is a shell company listed on the NEX under the symbol PNT that is exploring various business opportunities that can leverage its substantial tax loss carry forward position and large shareholder base.

The TSX Venture Exchange and NEX Exchange does not accept responsibility for the adequacy or accuracy of this release.

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