Black Panther Extends Term of Share Purchase Warrants

Trading symbol: TSX-V: BPC News Release No. 10-07

Black Panther Extends Term of Share Purchase Warrants

West Vancouver, British Columbia – May 25, 2010 – Black Panther Mining Corp. (the “Company”) wishes to announce the extension of the term for certain previously issued share purchase warrants.

In connection with a private placement that the Company completed on June 11, 2009, an aggregate of 1,035,000 share purchase warrants (the “Warrants”) were issued with an exercise price of $0.15 per share and an expiry date of June 11, 2010. By letter dated May 25, 2010, the TSX Venture Exchange has accepted the Company’s application to extend the term for exercising the Warrants by one year to June 11, 2011, with an exercise price of $0.15 per share in the first year and increasing to $0.20 per share in the second year of the term of the Warrant.

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.

“Douglas L. Mason”

_________________________________ Douglas L. Mason, 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.