Black Panther Announces Closing of Final Tranche of its Non-Brokered Private Placement

News Release No: 15-05

Trading symbols: TSX-V: BPC Frankfurt: BP4

Black Panther Announces Closing of Final Tranche of its Non-Brokered Private Placement

West Vancouver, British Columbia – April 21, 2015 – Black Panther Mining Corp. (the “Company” or “Black Panther”) announces that, further to its news releases dated January 19, 2015, March 20, 2015 and April 2, 2015, the Company has completed the second (and final) tranche of its nonbrokered private placement offering (the “Offering”) raising additional gross proceeds of $275,000 by the issuance of 5,500,000 non-flow through units (the “Units”) at a price of $0.05 per Unit. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of two years at an exercise price of $0.10. In connection with this Offering, a finder’s fee of $2,500 was earned, which fee was paid to the finder through the issuance of 50,000 Units. All securities issued in the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation, expiring on August 21, 2015.

The Company intends to use the proceeds from the Offering for working capital purposes and to investigate certain potential business opportunities.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company’s website at www.blackpanthermining.com.

BLACK PANTHER MINING CORP.

“Douglas L. Mason”

_________________________________ Douglas L. Mason, President and CEO

FORWARD LOOKING STATEMENTS

This release may contain forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.