PAN - TSXV CALGARY, Aug. 2 /CNW/ - PanTerra Resource Corp ("PanTerra" or the "Company") has increased the monies to be raised in the Private Placement (the "Offering") from $500,000 (3,125,000 units) to $740,000 (4,625,000 units). All other components of the Offering, originally announced on July 18, 2005, remain unchanged. PanTerra also announces that its offices are now located at 260, 603 - 7 Ave SW, Calgary, AB, T2P 2T5. Ph. 403-261-5900, Fax. 403-261-5902. ON BEHALF OF THE BOARD Per: "Giuliano A. Tamburrino" Giuliano A. Tamburrino, President & CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release.