Black Panther Grants Stock Options

West Vancouver, British Columbia – November 23, 2009 – Black Panther Mining Corp. (the “Company”) announces that, in accordance with the terms of the Company’s stock option plan, the Company has granted 110,000 incentive stock options to certain directors, officers, employees and consultants at an exercise price of $0.25 per share for a term of 5 years.

The Company is in the business of the exploration and development of mineral resource properties.  The Company is currently focused on the further exploration of the “Seagull” PGE Property which is located approximately 90 km north-northeast of Thunder Bay, Ontario (as referred to in the Company’s recent news release dated November 16, 2009).

For further information, contact Mr. Clive Shallow, investor communications, 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

 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.