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

Pantera Petroleum, Inc.

May 12, 2008 09:15 ET

Pantera Petroleum Appoints American Stock Transfer & Trust Co. as New Transfer Agent

AUSTIN, TEXAS--(Marketwire - May 12, 2008) - Pantera Petroleum, Inc. (OTCBB:PTPE)(FRANKFURT:4PP) is pleased to announce the appointment of American Stock Transfer & Trust Company ("AST") as our new Stock Transfer Agent and Registrar, effective as of April 30, 2008. AST will handle all issues concerning stock certificates, including issuing or transferring certificates and address changes.

American Stock Transfer & Trust Company, headquartered in New York, is the largest independent stock transfer agent and trust company in the United States, servicing over 2,750 public companies and maintaining approximately 6,000 issues. Representative clients of AST include Coca-Cola Enterprises, Yum! Brands, Wendy's International, Wachovia, Dell, 3Com, and Raytheon.

Pantera Petroleum's registered shareholders can now view their account information, perform certain transactions and request shareholder forms online through AST's website, www.amstock.com, by clicking on Shareholder Account Access. You will be instructed on how to gain access to your account information. AST's website offers many benefits to shareholders, including the ability to access their account information, share balances, and transaction history.

Registered shareholders should direct relevant stock certificate inquiries to:



American Stock Transfer & Trust Company
Attn: Pantera Petroleum, Inc.
Operations Center
6201 15th Avenue
Brooklyn, NY 11219

Toll free: (800) 937-5449
info@amstock.com
www.amstock.com


"We are pleased to advise shareholders of the appointment of AST as our transfer agent. AST has been ranked #1 in overall client satisfaction among large transfer agents in the Group Five Survey for 9 straight years. Their technological leadership will serve our growth strategy well, and we are confident that shareholders will be satisfied with the high level of service that AST provides," says Chris Metcalf, Pantera Petroleum's President and CEO. "Please keep this information with your stock records or stock certificates for future reference."

About American Stock Transfer

American Stock Transfer & Trust Company is the largest independent stock transfer agent and trust company in the United States, servicing over 2,750 public companies and maintaining approximately 6,000 issues. With over 30 years of experience in the industry, AST's single focus is to provide the best possible service at competitive fees, while continuing to be the industry technology leader. AST was the first agent to offer internet & telephonic proxy voting, comprehensive online stock purchase and sale plans, automated stock option issuances, paperless DWAC transactions and online customer initiated report generation.

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 Midland, TX, Pecos County, TX, and 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.

Further Information

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

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. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release. In evaluating these statements, you should consider the risks discussed, from time to time, in the reports we file with the US Securities and Exchange Commission.

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