James Mortimer 30.Apr.2012Getty Images
Penney will coach the Junior World Champion Baby Blacks during their trip to South Africa next month for the IRB Junior World Championships, a tournament that New Zealand has never lost since it's inception in 2008.
The former chief executive of the Marlborough Rugby Union has been head coach of Canterbury since 2006, and last season took them to their fourth straight ITM Cup title.
Even if offered the Munster role, Penney said he would not seek any early release, although Irish media of late has been reporting that the province’s forward coach Anthony Foley is firming up as the favourite for the role.
Penney told Newstalk ZB he already had his hand’s full.
"I've got a real focus at the moment on the New Zealand under 20s,” he said.
“I'm (also) contracted to Canterbury to do the ITM Cup and I'm really looking forward to being a part of that again."