Vancouver, B.C. and Lima, June 15, 2007. Panoro Minerals Ltd. (Panoro) is pleased to announce that Mr. Alberto Caballero Noriega has accepted the appointment by Panoro to the position of President and Managing Director of Cordillera de las Minas (CDLM).
Mr. Caballeros previously managed the CDLM projects from their inception to the present for more than 10 years for their owners CVRD and Antofagasta. Mr. Caballero is a highly respected professional geologist and has been the co-author of several scientific papers on the Andahuaylas - Yauri Copper --Gold Porphyry province and projects of CDLM.
Panoro deems itself fortunate to have Mr. Caballero join its team. With his knowledge of the 13 properties in the CDLM portfolio and his enthusiasm to aggressively pursue their development, and with the 100% focus of Panoro, we look forward to rapidly enhancing the value of these properties. Mr. Caballeros also brings with him a talented team of local professionals.
Panoro's immediate focus is to upgrade the resource at the Antilla project, where a geological potential of 135 million tons with a copper grade in the range of .63% to .79% has been recognized, and to commence drilling at the Cotabambas project. Permitting is underway for both projects and it is expected that drilling will commence on both projects within the third quarter of this year.
On behalf of the Board of
Panoro Minerals Ltd.
Helmut H. Wober, P.Eng.,
President and Director
Panoro Minerals Ltd. is a Canadian mineral exploration company trading on the TSX Venture Exchange (PML) and on the Frankfurt Stock Exchange (PZM, WKN 914959) and on the Junior Board of the Lima Exchange. 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, or send an e-mail to firstname.lastname@example.org or visit the company's website at www.panoro.com.
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.