Panthera Grants Stock Options

Panthera Exploration Inc.

Suite 709 - 837 West Hastings Street Terminal City Club Tower, Vancouver, B.C. V6C 3N6 TSX Venture Exchange PNX Tel: 604-687-1828 • fax: 604-687-1858 • toll free: 800-901-0058 OTC PNXLF www.pantheraexploration.com • [email protected] Frankfurt WKN A0RK7E

NEWS RELEASE – March 12, 2010

Panthera Grants Stock Options

Panthera Exploration Inc. (the “Company”) (PNX-TSX.V; PNXLF-OTC; OAY-Frankfurt) announces that pursuant to the Company's Stock Option Plan, it has granted incentive stock options to its officers and directors to purchase up to an aggregate of 700,000 common shares in the capital stock of Panthera Exploration Inc., exercisable for a period of five years, at a price of $0.13 per share. These options are subject to a four-month hold period.

In other news, based on results of its due diligence work, Panthera has decided not to proceed with an option to purchase agreement for the Laguna Caro lithium property, as outlined in the letter of intent, previously announced on December 23, 2009.

ON BEHALF OF THE BOARD

"Bruce Winfield"

___________________________________ Bruce Winfield, President & CEO

For further information please contact, Bruce Winfield at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email [email protected], or visit the Company’s web site at http://www.pantheraexploration.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release. 2010