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Re:   News Release - Thursday, June 18, 2009
      Panoro Announces 1.6 Billion pound Copper Inferred Resource
      Estimate at the East Block of the Antilla Project, Peru
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Vancouver, B.C. and Lima, Peru, June 18, 2009. Panoro Minerals Ltd.
(TSX Venture Exchange -- PML) ("the Company") is pleased to announce
the completion of the NI 43-101 compliant inferred mineral resource
estimate for its Antilla Copper-Molybdenum project in southern Peru.
The global inferred mineral resource estimate of 154.4 million tonnes
at an average grade of 0.47% copper and 0.009% molybdenum is contained
within the East Block. This resource includes a higher grade zone of
70.4 million tonnes at an average grade of 0.56% copper and 0.011%
molybdenum.

The mineral resource is a tabular blanket of supergene sulphide
mineralization dominated by chalcocite and molybdenite but also
includes some of the underlying primary chalcopyrite mineralization.
The inferred resource is hosted by a package of quartzites and quartz
arenites of the Soraya Formation and has alteration and mineralization
characteristics which may be associated with undiscovered hypogene
intrusive-hosted porphyry-style copper mineralization.

The resource estimate has been completed based on the results of a
total of 67 drillholes, including the 48 drillholes from the Company's
exploration program completed in December 2008. The mineral resource is
contained by a conceptual life-of mine pit shell and is above a cut-off
grade of 0.25% copper. A potential starter pit within the conceptual
life of mine pit is contains 15 million tonnes of ore at a grade of
0.72% copper and 0.017% molybdenum with a stripping ratio of 0.9 and
provides opportunity to improve the economics of a future operation. At
a nominal 20,000 tonne per day open pit operation the East Block of the
Antilla Project would have a 21 year mine life with a stripping ratio
of 2.5.

The reader is cautioned that the future development into production of
the Antilla project is subject to further resource definition,
metallurgical testing and stages of pre-feasibility and feasibility
studies.

The potential to increase the resource at the Antilla project includes
a number of targets. Firstly, the potential for the extension of the
supergene sulphide mineralization in the East Block to the north and
northwest was identified during the 2008 exploration program. Secondly,
in the West Block, located 2.5 km from the East Block, the potential
exists for additional supergene sulphide mineralization similar to the
East Block. This is based on the presence of chalcocite in the holes
previously drilled in the area with some drill intervals assaying above
0.30% copper, particularly in Drillhole ANT-13, 15, 16a and 16b.
Thirdly, the presence of higher grade hypogene porphyry copper
mineralization in both the East and West Blocks remains to be tested.

With the completion of the Antilla Resource Estimate the Company's NI
43-101 compliant inferred resources include:


   . Antilla Project, Peru
       o   1.60 billion pounds of copper and 30.6 million pounds of
           molybdenum  (154 Mt @ 0.47% Cu and 0.009 % Mo @ 0.25% Cu
           cut-off, AMEC 2009)

   . Cotabambas Project, Peru
       o   1.71 billion pounds of copper and 1.39 million ounces of
           gold (114 Mt @ 0.68% Cu and 0.38 g/t Au @ 0.30% Cu cut-off,
           SRK 2007)

In addition to the Antilla and Cotabambas Projects, the company holds a
portfolio of 12 other exploration properties in Peru. The company plans
to drill test at least one of these high priority prospects in 2009,
subject to financing.

The Antilla project NI 43-101 technical report will be posted to
Panoro's website (www.panoro.com) shortly. Christopher Wright, P.Geo of
AMEC, is the Independent Qualified Person for the project and Fred
Tejada, P.Geo., the Company's VP-Exploration, is the Qualified Person
for this project.

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
info@panoro.com 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.

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Copyright (c) 2009 PANORO MINERALS LTD. (PML)  All rights reserved.
For more information visit our website at http://www.panoro.com/ or
send mailto:info@panoro.com
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