Black Panther Announces Non Brokered Private Placement

Trading symbol: TSX-V: BPC News Release No. 11-05

Black Panther Announces Non Brokered Private Placement

West Vancouver, British Columbia – June 20, 2011 – Black Panther Mining Corp. (the “Company” or “Black Panther”) announces that, subject to regulatory approval, it intends to proceed with a nonbrokered private placement (the “Private Placement”) to raise up to $1,020,000 by the issuance of 12,000,000 non-flow through units (the “Units”) at $0.085 per Unit. Each Unit will consist of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share for a period of 24 months at an exercise price of $0.10 in the first 12 months and $0.15 thereafter. With respect to this Private Placement, the Company may pay finders’ fees in the amount of 9% of the proceeds raised from the sale of the Units (payable in cash or in Units at a deemed price unit of $0.085 per Unit) based on the number of Units purchased by subscribers introduced to the Company by such finders.

The Company intends to use the proceeds from this Private Placement for furthering the exploration of the Company’s mineral properties and for general working capital purposes.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Company’s website at www.blackpanthermining.com.

BLACK PANTHER MINING CORP.

“Douglas L. Mason”

_________________________________ Douglas L. Mason, Director

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.