Pantera Minerals Limited announced that the Company had three tenements granted at the Weelarrana Project ("Weelarrana" or "Project"), located in the Collier Basin of Western Australia. Recently Granted Tenements: Three tenement applications, E 52/4046 E 52/4071 and E 52/4072, have recently been granted covering a total of 357 km2 and consolidating Pantera's position in the Project area over prospective manganese host geology. E 52/4046: Tenement E 52/4046 covers 203 km2 and is prospective for an extension of manganese mineralisation along the contact between the Calyie Sandstone and Ilgarari Siltstone between Pantera's Mn Area 1 and the OM Holdings Limited 701 Mile Manganese project2.

The northern section of E 52/4046 is also prospective for manganese as the Ilgarari Siltstone has been identified and mapped by the GSWA. The tenement is easily accessible year round with numerous roads and pastoral tracks. E 52/4071: Tenement E 52/4071 covers 138 km2, located 52 km east of the Weelarrana Project and is prospective for manganese mineralisation within the Balflour Formation, the host for Firebird Metals Limited's Hill 616 Project, which has an Inferred Mineral Resource of 57.5 mt @ 12.2% Mn3.

The tenement covers known outcrops of Balfour Formation that has been subject to minimal exploration for manganese and is directly adjacent to known manganese occurrences at Pantera's Mn 4 and Element 25 Limited's Zebra Bore and Dead Camel projects. The tenement is easily accessed year round with numerous roads and pastoral tracks. E 52/4072: Tenement E 52/4072 covers 16 km2, located 53 km east of the Weelarrana Project and is 4.5 km along strike from Firebird Metals' Hill 616 Project within the same stratigraphy.

The tenement covers known outcrops of Balfour Formation and is also adjacent to Element 25's Burranbar manganese projects. The tenement is easily accessible year round with numerous roads and pastoral tracks. Immediate Work Program: The immediate work program will concentrate on mapping and rock chip sampling prospective stratigraphy for manganese on tenements E 52/4046, E 52/4071 and E 52/4072.

A multi-element soil sampling program aimed at testing areas under cover surrounding the recently announced anomalous gold-silver rock chip results on E 52/39814 will also be conducted. The soil program aims to expand the potential area for gold-silver mineralisation and is focussed on the Ilgarari Fault. A multi-element soil sampling program aimed at testing areas under cover for gold and base metals on the northern portion of E 52/4046 will also be conducted.

WELLARANA PROJECT BACKGROUND: Located within the Proterozoic Collier Basin some 80 km south of Newman, Western Australia, the Weelarrana Project covers 958 km2 of tenure considered prospective for manganese and precious metal mineralisation. All tenements cover either Ilgarari Formation manganiferous shales or Backdoor Formation manganiferous shales which are known to host economic manganese mineralisation at Element 25's Butcherbird Deposit and Firebird Metals Hill 616 Deposit. Despite the presence of two significant manganese deposits the area covered by Pantera tenements has been under explored for manganese.

Pantera aims to systematically explore for manganese within the two known stratigraphic hosts as well as assess and explore the tenure for structural hosted precious metal mineralisation.