Black Panther Completes Non-Brokered Private Placement

West Vancouver, British Columbia – June 12, 2009 – Black Panther Mining Corp. (“Black Panther” or the “Company”) is pleased to announce that it has closed its non-brokered private placement (the “Private Placement”). The Company has raised $155,250 by the issuance of 1,035,000 units (the “Units”) at a price of $0.15 per Unit. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.15 for a period of one year from the closing date. In connection with the Private Placement, finders’ fees were paid in the amount of $1,500. All of the securities issued pursuant to the Private Placement are subject to a hold period expiring on October 12, 2009.

The proceeds from this Private Placement will be used for general working capital purposes and for furthering the exploration and development of the “Seagull” PGE Property which is located approximately 90 km north-northeast of Thunder Bay, Ontario (as referred to in the Company’s news release dated February 27, 2009).

For further information, contact Mr. Clive Shallow, investor communications, at 604-922-2030 or visit the Company’s new website at www.blackpanthermining.com.   

Black Panther Mining Corp.

“Ronald A. Coombes”
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Ronald A. Coombes, President & CEO

 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.