Black Panther Increases Its Ownership Interest In Its PGE Seagull Property, Ontario

Trading symbol: TSX-V: BPC News Release No. 10-14

Black Panther Increases Its Ownership Interest In Its PGE Seagull Property, Ontario

West Vancouver, British Columbia – November 2, 2010 – Black Panther Mining Corp. (the “Company” or “Black Panther”) wishes to report that it has increased its ownership interest in the Seagull Property project from a 30% to a 40% interest.

The Seagull Property is a platinum group element (“PGE”) property and is located approximately 90 km north-northeast of Thunder Bay, Ontario (via Hwy 527). The Property consists of 17 staked claims with 159 claim units for an area of 2,544 hectares. Based on the Company’s exploration expenditures to date, Black Panther has now earned a 40% interest in the Seagull Property, with Trillium North Minerals Ltd. of Toronto, Ontario and Rainy Mountain Royalty Corp. of West Vancouver, British Columbia each owning a 30% interest.

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

BLACK PANTHER MINING CORP.

“Ronald A. Coombes”

_________________________________ Ronald A. Coombes, President & CEO

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.