Vancouver, B.C. and Lima, Peru, February 19, 2008. Panoro Minerals Ltd. (the Company) announces that on February 14, 2008 options have been granted under its existing Stock Option Plan to a Director (150,000 shares) having assumed the position of General Manager of Cordillera de las Minas and three employees (50,000 shares each) of the Company totalling 300,000 common shares at an exercise price of $0.40 per share for a five year term.
Cordillera de las Minas is the Peruvian subsidiary of the Company that it acquired from CVRD (Vale) and Antofagasta in 2007. The former General Manager and a Director of CDLM, Alberto Caballero Noriega resigned effective January 31, 2008.
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.