Vancouver, B.C., August 30, 2007 - Panoro Minerals Ltd. (the "Company") would like to assure its shareholders that its entire working capital is invested in Bankers Acceptance Notes with TD Canada Trust and CIBC and is not exposed to any potential problems with any other form of investments or commercial papers.
The Company also announces that on August 30, 2007, options have been granted under its existing Stock Option Plan to directors of the Company totalling 1,100,000 common shares at an exercise price of $0.61 per share for a five year term.
Panoro Minerals Ltd. is a Canadian mineral exploration company trading on the TSX Venture Exchange (PML), the Frankfurt Stock Exhange (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 email@example.com or visit the company's website at www.panoro.com.
On behalf of the board of
Panoro Minerals Ltd.
Helmut H. Wober,
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.