Pantera Minerals Limited announced that the company has identified multiple high grade manganese targets at Weelarrana, located 70km south of Newman in West Australias Pilbara region. Weelarrana Manganese Project ­ E 52/3878 Manganese Area 1. Originally discovered by Pilbara Manganese in 2012 with 4 rock chip samples taken with grades from 32% Mn to 42% Mn and 280m strike of outcropping mineralisation noted. Mapping now reveals 800m of strike of outcropping to subcropping manganese mineralisation with a vertical thickness of 2 to 5m with two distinct manganese horizons identified.

Rock chip grades of 11.7% Mn to 43.6% Mn from 8 samples reporting >10% Mn. Manganese mineralisation varies from massive nodular manganese to banded fine grained shale replacement manganese with mineralisation preferentially developed at the base of the Ilgarari Siltstone directly above the Calyie Sandstone. Mineralisation dips approx.

10° to the north and is essentially flat lying and close to surface. This area will be the subject of an ethnographic and archeological survey in late May prior to an RC drill program being conducted in late June/early July. Manganese Area 2 Located 2.3km to the west of Manganese Area 1 and along the same contact between the Calyie Sandstone and Ilgarari Siltstone.

730m continuous strike of outcropping to subcropping manganese mineralisation mapped with widths of 5m to 50m noted. The vertical thickness was not able to be determined. Rock chip grades of 16.8% Mn to 25.6% Mn from 2 samples reporting >10% Mn.

Manganese mineralisation appears to be more massive and nodular in nature. Manganese mineralisation is terminated to the west against a north striking fault. Manganese Area 3 Located 3.4km to the north west of Manganese Area 2 and situated wholly within a broadly folded sequence of Ilgarari Siltstone with only sporadic outcrop.

Numerous exposures of outcropping to subcropping manganese replacement of shale over an area of 900m by 450m. Strike extent and thickness of outcrops was not able to be determined. Rock chip grades of 11.5% Mn to 37.7% Mn from 6 samples.

Extensive development of manganese rich lag forming a coherent colour anomaly ­ similar colour anomalies are visible in satellite imagery in areas further to the west within the tenement that have not yet been inspected. Sampling Methodology. To increase the sample turnaround time and the speed to understand the manganese potential of the Weelarrana Project it was elected to analyse the rock chip samples using a pXRF so that assay results could be delivered in days and not weeks.

In order to deliver a more confident assay result the rock chip samples were crushed using a Reflex Crusher and then milled with a Reflex Mill to produce a homogous sample which could be dry pressed into an assay puck. This process mimic's a commercial laboratory sample preparation for a XRF sample. The homogounous pressed sample pucks were assayed using a calibrated SciAps pXRF which was calibrated in a single batch which included 4 standards of a known grade and 4 blank samples.

The results were only accepted once the standards and blanks produced the expected results. A retention sample of crushed and milled material has been reserved and will be assayed by a commercial laboratory to validate the assay results delivered by the pXRF.