Black Panther Extends Term of Share Purchase Warrants

Trading symbol: TSX-V: BPC News Release No. 11-03

Black Panther Extends Term of Share Purchase Warrants

West Vancouver, British Columbia – April 19, 2011 – Black Panther Mining Corp. (the “Company” or “Black Panther”) 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 April 29, 2010, an aggregate of 1,608,500 share purchase warrants (the “Warrants”) were issued with an exercise price of $0.20 per share and an expiry date of April 29, 2011. The Company has filed an application with the TSX Venture Exchange to extend the term for exercising the Warrants by one year to April 29, 2012, with the exercise price of $0.20 per share remaining unchanged.

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 (Chairman)

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.