Pantera Petroleum, Inc.
OTC Bulletin Board : PTPE
FRANKFURT : 4PP

Pantera Petroleum, Inc.

March 25, 2008 09:15 ET

Pantera Petroleum Announces Addition of Senior Petroleum Engineer

AUSTIN, TEXAS--(Marketwire - March 25, 2008) - Pantera Petroleum, Inc. (OTCBB:PTPE)(FRANKFURT:4PP) is pleased to announce the addition of Bill Jones to its Board of Advisors.

About Bill Jones:

Mr. Jones has been a licensed Petroleum Engineer for 38 years and has led petroleum field operations in major production basins all across the U.S. After earning a B.S. degree in Petroleum Engineering from Mississippi State University in 1968, Mr. Jones began his career with Shell Oil Company in Houston, Texas. After multiple assignments in Texas and Louisiana, Mr. Jones joined Tenneco Oil Company in Denver, Colorado, working the San Juan Basin and the Rocky Mountains.

From 1978 to 1994, Mr. Jones moved back to Texas and worked in various senior operations and engineering management roles, including as Senior Petroleum Engineer and Chief Operating Officer for multiple E&P companies across Texas, including Maynard Oil Company, Lyco Energy, Snyder Oil Company, and Ard Drilling Company.

In 1994, Mr. Jones joined National Energy Group, a publicly held E&P Company, and served as Senior Vice President, Operations, Production and Engineering. In 2004, Mr. Jones formed The Redmon Oil Company and operated properties in New Mexico, Texas, and Louisiana. Mr. Jones currently serves as Director and Vice President, Operations for Bridge Energy where he is in charge of all production and engineering for the Company. His responsibilities include evaluation of all potential reserve acquisitions as well as supervision of all field operations.

"We welcome Bill's vast experience in petroleum engineering to our growing team," says Chris Metcalf, President and CEO of Pantera. "Bill's operational experience in the U.S. will be invaluable as we seek to quickly ramp production from our targeted acquisitions in Texas. With the addition of Bill, we have a team of highly competent, diversely skilled oil and gas professionals with over 200 years of industry experience that can propel our Company to the highest levels of growth and achievement."

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)(FRANKFURT:4PP) headquartered in Austin, TX with operations in Asuncion, Paraguay. Our mission is to explore and discover new energy fields in North and South America. Our North American assets include a 10% working interest in the Block 83 84 Project in the West Gomez field in Texas, with combined potential reserves of 27 BCF of gas and 50,000 barrels of oil. In South America, Pantera has rights to five concessions in northern Paraguay, covering nearly 4 million 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

NASD OTCBB:PTPE

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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