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LIT.V ·

Panthera Appoints Chief Financial Officer and Corporate Secretary

Management Changes

Suite 709 ‐ 837 West Hastings Street, Vancouver, B.C. V6C 3N6                   TSX Venture Exchange  PNX tel: 604‐687‐1828 • fax: 604‐687‐1858 • toll free: 800‐901‐0058  OTC  PNXLF www.pantheraexploration.com • [email protected]  Frankfurt  WKN A0RK7E

NEWS RELEASE – May 27, 2010 

PANTHERA APPOINTS CHIEF FINANCIAL OFFICER AND CORPORATE SECRETARY

Panthera Exploration Inc. (“Panthera” or the “Company”) (PNX‐TSX.V; PNXLF‐OTC; OAY1‐Frankfurt) is pleased to announce  the  appointment  of  Bassam  Moubarak  to  the  position  of  Chief  Financial  Officer  and  Corporate Secretary, replacing Acting Chief Financial Officer, Michael Clark.

Mr.  Moubarak  is  a  Chartered  Accountant  with  expertise  in  corporate  finance,  corporate  reporting,  financial processes, financing and risk management. Prior to joining Panthera, Mr. Moubarak was Chief Financial Officer of Petaquilla Minerals Ltd. where he was instrumental in raising in excess of $120 Million to develop and bring into production  the  Molejon  Gold  Mine.  He  also  assisted  in  the  sale  of  Petaquilla  Copper  Ltd  to  Inmet  Mining Corporation. Mr. Moubarak also previously held the position of Senior Manager with the public accounting firm of Deloitte & Touche LLP., where he led audits of public companies and oversaw SOX 404 implementations with specific emphasis on the mining industry. Mr. Moubarak has a B.A. in Economics from Simon Fraser University.

The Company is delighted that Mr. Moubarak with his expertise in the mining industry and background in finance has joined the Panthera team and also wishes to thank Mr. Clark for his service as Acting Chief Financial Officer in the interim.

Panthera Exploration is a Vancouver‐based exploration company listed on the TSX Venture Exchange under the symbol PNX. Management is currently evaluating acquisitions to build its property portfolio with a focus on Latin America due to its excellent potential and to capitalize on Management’s knowledge and contacts, gained from over twenty years experience working in that region. Panthera is a member of the Grosso Group, a resource management group with over 15 years experience exploring South America.

ON BEHALF OF THE BOARD

"Bruce Winfield"

___________________________________ Bruce Winfield, President & CEO

For further information please contact, Bruce Winfield at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email [email protected], or visit the Company’s web site at http://www.pantheraexploration.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

2010