February 12, 2010 - Vancouver, Canada -- Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) is pleased to announce it has retained Ascenta Capital Partners Inc., of Vancouver, British Columbia, to provide investor relations services.
Ascenta will receive a monthly retainer of $6,000 for a 12-month term. Panoro will also issue, as compensation to Ascenta, an option to purchase 250,000 common shares pursuant to the company's stock option plan. The options are exercisable at a price of C$0.20 per share and are subject to regulatory approval.
About Panoro Minerals Ltd.
Panoro's strategic focus is to move its advanced stage Copper and Copper/Gold projects to feasibility and development stages and to explore its other projects.
The Company's most advanced projects, Cotabambas and Antilla, contain NI 43-101 compliant inferred resources of:
|Cotabambas||114 Mt @ 0.68% Cu and 0.38 g/t Au at 0.30% Cu cut-off|
|Antilla||154 Mt @ 0.47% Cu and 0.009% Mo at 0.25% Cu cut-off|
The company has eleven other exploration projects, all located in Peru. Priority projects for the Company are the Kusiorcco Porphyry Copper Project, the El Rosal Polymetalic Project and the Cochasayhuas Gold Project.
About Ascenta Capital Partners Inc.
Ascenta is a leading provider of investor relations services to public companies in Canada. Since 2000, Ascenta has been assisting public companies with investor relations and corporate communications. Its team has worked for companies ranging from micro and midcap resource and technology companies to Fortune 500 multinationals.
On behalf of the Board of
Panoro Minerals Ltd.
Luquman Shaheen, M.B.A, P.Eng., P.E.
President, CEO and Director
For investor inquiries please call 604-684-4246, e-mail firstname.lastname@example.org or visit the company's website at www.panoro.com. This release was prepared by management of the Company which 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.