Pantera Drilling Income Trust Declares April Distribution

Pantera Drilling Income Trust has declared a cash distribution relating to the period April 1, 2009 to April 30, 2009, in the amount of $0.03 per trust unit payable on May 15, 2009 to unitholders of record on April 30, 2009.

The Trust has a distribution reinvestment plan (the "Plan"). The Plan provides eligible unitholders with the opportunity to reinvest their cash
distributions in additional Pantera trust units at 95% of the average market price, as defined in the Plan. Participation information can be found on our website at

Cash distributions are not guaranteed and will fluctuate with the performance of its operating entity, Pantera Drilling LP, which is dependent
upon oil and natural gas prices, the level of activity in the oil and gas industry, seasonal weather patterns, competition, major customers, third party suppliers, key personnel and workforce availability, among other risk factors.


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