Vancouver, B.C., August 30, 2007 - Panoro Minerals Ltd. (the "Company") announces a correction to its News Release issued earlier today. The number of options granted under its existing Stock Option Plan to directors of the Company totals 1.6 million common shares at an exercise price of $0.61 per share for a five year term not 1.1 million as earlier reported. The Company apologizes for this error.

ABOUT PANORO

Panoro Minerals Ltd. is a Canadian mineral exploration company trading on the TSX Venture Exchange (PML), the Frankfurt Stock Exchange (PZM, WKN914959) and on the Junior Board of the Lima Stock Exchange (PML). Panoro's strategic focus is on exploring for large-potential gold and copper/gold deposits in countries with the corresponding geological potential and where the right political and economic conditions are present. For investor inquiries please call 604-684 4246, send an e-mail to info@panoro.com or visit the company's website at www.panoro.com.

On behalf of the board of
Panoro Minerals Ltd.

Helmut H. Wober, P.Eng., President, CEO and Director

This release was prepared by management of the Company who takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.