Panoro Minerals Ltd.: Kusiorcco Permit and Cotabambas Community Agreements Received

Panoro Minerals Ltd. (TSX VENTURE:PML)(BVLAC:PML)(FRANKFURT:PZM)(WKN914959)
("the Company") the Company is pleased to announce the achievement of
significant milestones for the permitting of its Cotabambas Copper-Gold Project
and Kusiorcco Copper Project, both in Peru.


COTABAMBAS PROJECT

The company has signed community agreements with the Huaclle and Ccalla
indigenous communities at its 100% owned Cotabambas Copper-Gold project in Peru.
The Cotabambas Project includes a NI 43-101 compliant inferred resource of 114
million tonnes with average grades of 0.68% copper and 0.38 g/t gold at a 0.3%
copper cut-off grade.


The Cotabambas property includes a cluster of four porphyry centres, Ccalla,
Azulccacca, Huaclle and Ccarayoc. The resource estimate includes mineralization
from the Ccalla and Azulccaca deposits located 1.1 km apart. Primary copper
mineralization in these deposits consists of chalcopyrite and bornite with
associated gold and has been traced within the Ccalla deposit to a depth of 500
m. Limited drilling at both Huaclle and Ccarayoc, has shown the presence of
interesting copper mineralization.


There is potential to increase the resource laterally and vertically within the
Ccalla and Azulccacca deposits. Subject to financing, the company plans to test
this potential in its 2010 exploration program with both infill and step out
drilling. Additional drilling is also planned for the other porphyry centers in
order to test for the presence of economic mineralization.


KUSIORCCO PROJECT

The Peruvian Ministry of Energy and Mines has notified the Company that the
Environmental Impact Declaration for the Company's 100% owned Kusiorcco Project
has been approved.


The Kusiorcco Project hosts a significant porphyry copper system measuring over
4 km2 with a leached cap containing potassic and quartz-sericite alteration as
well as associated quartz stockwork zones. An induced polarization survey has
shown the presence of a coherent chargeability and resistivity anomaly to a
depth of 300 m. Surface grab samples from leached outcrop have returned up to
0.13% copper and samples from skarn zones peripheral to the intrusive have
returned values of up to 0.55% copper.


The Kusiorcco Project is located close to both the formerly producing Katanga
Copper Mine, operated by Mitsui Mining, and Norsemont Mining's Constancia
Project.


The Company plans a first phase drilling program in 2010 to test for the
presence of potentially economic mineralization at depth.


ANTILLA PROJECT

The Company's other advanced property is its 100% owned Antilla Project for
which the Company reported a resource estimate in June 2009. The Antilla Project
includes an inferred resource of 154 million tonnes at 0.47% copper and 0.009%
molybdenum at a 0.25% copper cut-off grade. The Company is in the final stages
of negotiating an extension to the agreement with the indigenous community.
Drilling is planned in 2010 to expand and upgrade the resource category from
inferred to indicated as well as to carry out engineering and environmental
studies to support a Preliminary Economic Assessment.


The Company is reviewing finance arrangements, including Joint Venture
alternatives, to secure funding for its planned 2010 exploration programs.


On behalf of the Board of Panoro Minerals Ltd.

Luquman Shaheen, M.B.A., P.Eng., P.E., President, CEO 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, e-mail [e-mail] or visit the company's website at
www.panoro.com.