Pan Terra Industries Inc.
TSX VENTURE : PNT

Pan Terra Industries Inc.

January 30, 2006 20:37 ET

Pan Terra Announces Shares for Debt Settlement and Incentive Stock Option Grant

CALGARY, ALBERTA--(CCNMatthews - Jan. 30, 2006) - Pan Terra Industries Inc. (TSX VENTURE:PNT) ("Pan Terra" or the "Company") announces that it will be settling $50,000 in outstanding indebtedness through the issuance 500,000 shares at a deemed price of $0.10 per share. The shares will be subject to a hold period of four months from the date of issuance. The issuance of the shares is subject to the approval of the TSX Venture Exchange.

In addition, the Company announces that pursuant to the Company's Stock Option Plan, the Board has approved the issuance of 1,275,000 incentive stock options to its directors and officers exercisable for three years at a price of $0.11 per share. The grant of the options is consistent with the objective of providing long-term incentives to key personnel of the Company, and continuing to align their interest with that of shareholders.

About Pan Terra

Pan Terra is an innovative construction solutions contractor that develops new sites and redevelops existing sites to the point where an owner, developer, or general contractor can proceed with building construction. The focus of the Company is site preparation and underground utility installations and rehabilitation. The Company offers packaged services in industrial, commercial, retail and residential markets. Pan Terra's major clients include leading General Contractors, Owners and Developers. The Company has extensive relationships with architects, engineers, and consultants. Pan Terra's growth plan includes: acquisition of successful companies, leveraging of environmental and trenchless technology solutions and total dedication to exceptional operational performance and achievement.


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

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