Black Panther Announces Non Brokered Private Placement

West Vancouver, British Columbia – March 3, 2010 – Black Panther Mining Corp. (the “Company” or “Black Panther”) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the “Private Placement”) to raise up to $640,000 by the issuance of 4,000,000 non-flow through units (the “Units”) at $0.16 per Unit.  Each Unit will consist of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional common share at a price of $0.20 for a period of one year from the closing date. With respect to this Private Placement, the Company may pay finders’ fees in the amount of 10% of the proceeds raised from the sale of the Units (payable in cash or in Units at a deemed price unit of $0.16 per Unit) based on the number of Units purchased by subscribers introduced to the Company by such finders.

The Company intends to use the proceeds from this Private Placement for general working capital purposes and for furthering the exploration of the Company’s exploration properties.

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.

“Douglas L. Mason”
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Douglas L. Mason, Director

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.