Corporate Update and Granting of Stock Options
June 28, 2008
West Vancouver, British Columbia – June 27, 2008 – Black Panther Mining Corp. (the “Company”) wishes to report that Mr. John Morita will be pursuing other business interests and will no longer be a director of the Company. The Company wishes to thank Mr. Morita for his contributions during his term as a director of the Company.
Additionally, at the Company’s Annual and Special General Meeting held on April 30, 2008 (the “AGM”), the shareholders approved the adoption of a new “rolling” stock option plan (the “New Stock Option Plan”) that allows the Company to grant stock options for up to 10% of the Company’s issued and outstanding common shares. The New Stock Option Plan replaces the Company’s previous “fixed” stock option plan that allowed for the issuance of 17.8% of the Company’s issued and outstanding common shares. At the AGM shareholders also approved the cancellation of all existing stock options and approved the granting of new stock options pursuant to the New Stock Option Plan. Therefore, in accordance with the terms of the New Stock Option Plan and the policies and rules of the TSX Venture Exchange, the Company has granted 605,000 stock options to certain directors, senior officers, employees and consultants at an exercise price of $0.41 for a term of five years.
For further information, contact Mr. Clive Shallow, investor communication, at 604-922-2030 or visit the Company’s website at www.blackpanthermining.com
Black Panther Mining Corp.
“Ronald A. Coombes”
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Ronald A. Coombes, President & CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
