Pantera Silver Corp. reported completion of the first stage of exploration drilling for a total of 680 metres in six (6) holes at the Company's Nuevo Taxco Silver Project (the Property) located in the prolific Pregones Mining District, approximately 40 kms northwest of Taxco, Mexico - the historic "Silver Capital of the World". This initial stage of drilling focused on two (2) of the twenty-one (21) high grade silver veins previously mapped and surface sampled over a 135 hectare area within the 1,100 hectare Nuevo Taxco Silver Project.

Drilling is being campaigned to test down dip mineralization on selected veins to advance target development and better establish criteria for continued exploration. Three holes were drilled to check the continuity of "La Negrilla" vein, to an elevation approximately 40 meters below the mine with the same name. The first 3 holes cut "La Negrilla" vein in addition to another previously unknown structure and other mineralized zones that were also unknown.

This confirms the presence and continuity of this vein 40 meters below the main mine and to the north and south for a minimum of 100 meters along strike at the target depth. The core recovered polymetallic sulfides, principally pyrite, chalcopyrite, galena and sphalerite. Three drill holes targeted the "El Crestón de María" vein, where disseminated sulfides and veinlets (less than 10 cm) were found in the host rock.

Polymetallic mineralization occurs in veins and there are also interbedded polymetallic sulphides in the shale lamination. Holes 4, 5 and 6 confirm the presence of vein structures with the presence of polymetallic sulphides, as well as 2 other structures (veins) that were unknown. All sampling has been completed for these first six holes and assays are pending.

Final results will be released following receipt and QA/QC by the Company. Nuevo Taxco Property Highlights: Twenty-one (21) high grade veins mapped and sampled within a 135 hectare area of the property. All have substantial width and mapped lengths run from 150 to 800 meters and remain open along strike and depth.

Over 395 samples taken to date have returned assays ranging from 100g/tonne to over 1,000 g/t Silver including three (3) samples (1,430, 1,230, 1,100 g/t), one hundred and nineteen (119) grading over 100 g/t Silver including eighteen (18) samples between 500-900 g/t Silver and ninety-two (92) between 100- 499 g/t Silver. Permitted maiden drill program is focussed on priority targets within the area historically prepared for drilling by Impact Silver (135 hectare area). The entire 1,100 hectare property is considered substantively unexplored offering additional upside exploration potential.