Novus Gold Corp.-Acquisiton Completed

PanTerra Gold Limited (ASX:PGI)(ABN: 48 008 031 034) (PanTerra Gold or the
"Company"), advises that it has completed the acquisition of Vancouver based
Novus Gold Corp. (TSX VENTURE:NOV) by the issue of 18,412,632 PGI shares to
Novus Gold shareholders (1 for 3).


PanTerra Gold has in effect acquired two exploration concessions in the
Dominican Republic held by a wholly-owned subsidiary of Novus Gold.


La Yagua



--  9900ha concession along strike from Perilya's producing Cerro de Maimon
    copper/gold mine 
--  Preliminary exploration programs have identified significant
    base/precious metals mineralisation in 5 targets, with grab samples
    grading up to 18% Cu, 13g/t Au, and 29g/t Ag 
--  Mineralisation is strata bound VMS type, same as Cerro de Maimon mine 
--  Extension of previous soil sampling work to cover the whole concession
    is justified 
--  Drilling of first target 6 km long and open, expected in Q4/2012 



La Paciencia



--  8.600ha concession located 10 km east of the Pueblo Viejo gold deposit
    (+25M oz) being developed by Barrick/Goldcorp 
--  Underlain by same geology in Los Ranchos formation as Pueblo Viejo 
--  Initial exploration will focus on soil sampling and geophysics to
    identify drill targets 
--  Prospecting to date has discovered elevated gold values along structural
    lineaments 
--  Any resource is expected to be predominantly refractory, and amenable to
    treatment through PanTerra Gold's Las Lagunas Albion/CIL process plant

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