Black Panther Enters into Loan Agreement

Trading symbol: TSX-V: BPC News Release No. 11-01

Black Panther Enters into Loan Agreement

West Vancouver, British Columbia – February 22, 2011 – Black Panther Mining Corp. (the “Company” or “Black Panther”) is pleased to announce that it has entered into a Loan Agreement, pursuant to which it will receive $150,000 for working capital purposes. The loan has been provided by certain directors and officers of the Company and is for a term of 1 year with interest at a rate of 1% per month (12% per annum). Subject to regulatory approval, the Company has agreed to issue an aggregate of 250,000 shares to the lenders as a loan bonus in accordance with TSX Venture Exchange policy.

For further information, contact Mr. Clive Shallow, investor 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, 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.