March 25, 2010 - Vancouver, B.C. and Lima, Peru - Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (“the Company”) is pleased to announce that Mr. Richard A. Mundie has been appointed a Director of the Company. Mr. Mundie has held senior positions in the mining sector for over 25 years, both in British Columbia and overseas. He is currently on the Board of Directors of Taseko Mines Limited, owners of the Gibraltar copper-molybdenum mine in south-central British Columbia.
“Mr. Mundie’s experience in the international mining community and senior leadership positions will be a valuable asset to our company,” stated Luquman Shaheen, President & CEO of Panoro. “It is with great pleasure that I welcome Mr. Mundie to the board on behalf of the Board of Directors and I look forward to working with him as we advance our properties.”
Mr. Mundie’s diverse and impressive background includes working for TeckCominco in a number of positions including, Vice President, Asia Affairs and Chief Representative in China working with the international mining community to build stronger relationships with the Chinese Government, Vice President responsible for marketing the company’s commercial mineral products in Europe, South America, United States, Japan, Korea and Taiwan and Assistant to the President of Teck Corporation responsible for corporate development. He has held a number of financial and leadership positions with Cominco including the role of Director of Business Development responsible for mergers, acquisitions and divestitures. Mr. Mundie has experience marketing copper concentrates, for Highland Valley Copper and the Antamina Mine in Peru, and was responsible for acquisitions and divestitures such as the Cajamarquilla Zinc Refinery in Peru and Cominco Engineering.
On behalf of the Board of
Panoro Minerals Ltd.
Luquman Shaheen, M.B.A., P.Eng., P.E.
President, CEO 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, e-mail firstname.lastname@example.org or visit the company’s website at www.panoro.com
FOR FURTHER INFORMATION, CONTACT:
Jim Glass, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 225 Phone: 866.684.4209
This release was prepared by management of the Company who takes full responsibility for its contents. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.