Panoro Minerals Ltd. Announces Proposed Implementation of Shareholders Rights Plan

Panoro Minerals Ltd. (TSX VENTURE:PML)(BVL:PML)(FRANKFURT:PZM)(WKN914959) - 

The Company announces that its Board of Directors has approved and adopted a
Shareholders Rights Plan (the "Plan"). The Plan entitles shareholders to
severable rights to purchase additional shares of the Company upon the
occurrence of a take-over bid (i.e. an offer to purchase 20% or more of the
issued shares, when aggregated with the offeror's shareholdings), which fails to
meet certain conditions. Bids which meet these conditions ("Permitted Bids") do
not trigger the rights to purchase additional shares. Permitted Bids are offers
which meet all of the following conditions:


1. The offer is made to all shareholders and includes shares issuable upon
exercise of share purchase warrants, stock options and other convertible
securities;


2. The offer must contain an irrevocable and unqualified provision that no
shares will be taken up or paid for prior to the close of business on a date
less than 60 days following the date of the Bid, and only if at such date more
than 50% of the shares held by independent shareholders have been deposited or
tendered and not withdrawn;


3. The offer must contain an irrevocable and unqualified provision that any
shares deposited may be withdrawn at any time until being taken up and paid for;
and


4. The offer must contain an irrevocable and unqualified provision that if the
deposit conditions set out in item 2 above are met, then the offeror will make a
public announcement of that fact, and the bid will remain open for deposits or
tenders of additional shares for not less than 10 business days from the date of
the public announcement.


The Plan is designed to ensure that all shareholders are treated fairly and
equitably in the event of a take-over bid.


The Plan is subject to the acceptance of regulatory authorities, ratification by
the shareholders of the Company, and the acceptance of the rights agent.


On behalf of the Board of Panoro Minerals Ltd.

Luquman A. Shaheen, M.B.A., P.Eng., P.E., President and Director

ABOUT PANORO

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 [e-mail] 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.