Update On Progress At Boulder Creek Project

VANCOUVER - Panther Minerals Inc. has recently been informed by the Alaska Department of Natural Resources that the final MLUP permit (Miscellaneous Land Use Permit - required to explore for and mine locatable minerals and to conduct reclamation) is in the editing phase, with a positive decision expected in the near term. As outlined previously the Company has conducted a thorough and detailed permitting protocol, led by Jack DiMarchi of Core Geoscience LLC, to secure permits for the next 5 years.

"Panther Minerals has shown much progress this summer in increasing our knowledge in preparation for devising a strategy for next steps on our Boulder Creek project," stated Rob Birmingham, Chief Executive Officer. "Upon receipt of our final permit, we expect to coordinate details relating to timing and work expectations with our technical team, specifically relating to groundwork and drilling on our Boulder Creek and Fireweed targets."