Black Panther Grants Stock Options

News Release No. 12-03

Trading symbols:

TSX-V: BPC Frankfurt: BP4

Black Panther Grants Stock Options

West Vancouver, British Columbia – July 24, 2012 – In connection with the recent appointment of Andrzej Kowalski as a director of Black Panther Mining Corp. (the “Company”), the Company is pleased to announce that it has granted 75,000 incentive stock options to Mr. Kowalski at an exercise price of $0.10 per share for a term of 5 years.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922 2030, or visit the Company’s website at www.blackpanthermining.com.

Black Panther Mining Corp.

“Douglas L. Mason”

_________________________________ Douglas L. Mason, Chief Executive Officer

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 accuracy of this release.