PanTerra Gold sizes up Novus Gold Corporation January 5, 2012

PanTerra Gold (ASX: PGI) has reached an agreement with Vancouver based Novus Gold Corporation (TSXV: NOV) to make an offer of one PGI share for three NOV shares with the aim of PGI acquiring a 100% interest in NOV, and therefore its two highly prospective concessions in the Dominican Republic.

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For further information, please contact:

Mr Brian Johnson
Chairman & CEO
Email: brianjohnson@panterragold.com
Ph:  +61 2 4861 1740
Fax: +61 2 4861 7665

Mr James Tyers
Director of Operations
Email: jamestyers@panterragold.com
Ph:   +61 2 4861 1740
Fax: +61 2 4861 7665