Panoro Minerals Ltd

Published : June 22nd, 2009

1.6 Billion pound Copper Inferred Resource Estimate at the East Block of the Antilla Proje

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Keywords :   Copper | Gold | Molybdenum | Peru |
=======================================================================
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
=======================================================================

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.

=======================================================================
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
=======================================================================
.
<
Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Panoro Minerals Ltd

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CODE : PML.V
ISIN : CA69863Q1037
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Panoro is a copper exploration company based in Canada.

Panoro develops copper and molybdenum in Peru.

Its main asset in development is ANTILLA in Peru and its main exploration properties are COTABAMBAS, EL ROSAL, LA RAMADA and COCHASAYHUAS in Peru.

Panoro is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 29.7 millions as of today (US$ 23.7 millions, € 20.8 millions).

Its stock quote reached its highest recent level on April 06, 2007 at CA$ 0.94, and its lowest recent point on March 13, 2009 at CA$ 0.06.

Panoro has 258 150 000 shares outstanding.

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Financings of Panoro Minerals Ltd
7/16/2014Completes Bought Deal Financing and Hudbay Private Placement
3/9/2012Closes Bought Deal Private Placement to Raise $13.8 Million
2/23/2012Announces $10,002,000 Bought Deal Financing
7/8/2011Announces Closing of Second and Final Tranche of Financing
7/4/2011Announces Closing of First Tranche of Financing
1/5/2010Closes $622,800 Private Placement
Option Grants of Panoro Minerals Ltd
8/16/2011(Cotabambas)Restarts Cotabambas Drill Program and Grants Options
2/19/2008Company Grants Stock Options
Nominations of Panoro Minerals Ltd
5/8/2011. Retains Renmark Financial Communications Inc.
2/22/2011Announces Appointment of Mr. David W. Huber as Chief Financi...
6/8/2010Appoints Kallpa Securities SAB as Sponsor for Listing on Lim...
3/25/2010Appoints Richard Mundie To Board of Directors
4/18/2008 Lays Foundation for Future with Orderly CEO Succession, App...
Project news of Panoro Minerals Ltd
7/15/2013(Cotabambas)Intersects 128.9 Meters Grading 1.29 % Cu, 0.96 g/t Au and 9...
5/6/2013(Cotabambas)Intersects 103.6 Meters Grading 0.79 %Cu, 0.58 g/t Au and 5....
1/28/2013(Antilla)Recommences Antilla Cu/Mo Project, Peru
11/1/2012(Cotabambas)Announces Results from Ongoing Exploration At 100% Owned ...
7/10/2012Adds Significant Potential for Additional Resources With Dis...
6/20/2012Announces Approval of Environmental Impact Assessment (EIAsd...
4/16/2012(Cotabambas)Intersects 114.1 metres Grading 1.70% Copper, 1.2 G/t Gold a...
12/12/2011Welcomes Option Agreement between Strait Gold and Teck for t...
10/5/2011(Cotabambas)Completes Geophysical Program and Advances 24,400 m Drill Pr...
3/29/2011(Cotabambas)Completes Three Year Community Agreement and Plans Expansion...
2/17/2011(Cotabambas)Project Update
7/23/2010(Antilla)Initial Assay Results Of The Infill Drilling Program At Pano...
6/23/2010(Antilla)Infill Drilling Program Making Progress at Panoro's Antilla...
9/29/2009(Alicia Property)Options Alicia Cu-Au Property in Peru to Strait Gold Corpora...
1/28/2009(Antilla)Successful Completion of 2008 Exploration Program at Antilla...
9/3/2008(Antilla)Antilla, Peru, Further Results Meet and Exceed Expectations,...
8/13/2008(Antilla)Encouraging First Results Indicating Continuity of Grade and...
6/25/2008(El Rosal)Acquires Additional Mineral Concessions at El Rosal Project,...
12/3/2007(El Rosal)Final Drilling Permit for El Rosal received Field Work under...
11/21/2007Progress on the Permitting Front and Community Relations App...
Corporate news of Panoro Minerals Ltd
6/17/2016Panoro Minerals Announces Filing of Antilla Cu/Mo Project Pr...
6/1/2016Panoro Minerals Announces Receipt of Second Early Deposit Pa...
5/24/2016Panoro Announces Appointment of Chief Financial Officer
5/2/2016Panoro Reports Positive Preliminary Economic Assessment For ...
4/19/2016Panoro Minerals Announces Receipt of First Early Deposit Pay...
12/2/2015Panoro Minerals Announces Approval of Expanded Environmental...
11/25/2015Panoro Minerals Announces Interim CFO
11/2/2015Panoro Announces Ms. Kathryn Johnson as Chief Financial Offi...
9/22/2015IIROC Trading Resumption - PML
9/22/2015Panoro Reports Updated Preliminary Economic Assessment Resul...
9/22/2015IIROC Trading Halt - PML
4/9/2015IIROC Trading Resumption - PML
4/9/2015Panoro Reports Positive Preliminary Economic Assessment for ...
4/9/2015IIROC Trading Halt - PML; AHC
2/5/2014Announces Granting of Options
1/20/2014(Cotabambas)Continues to Intersect Good Copper-Gold Grades at the Cotaba...
12/31/2013- Death of Director - Jaime Quijandr=EDa Salm=F3n
12/16/2013(Antilla)announces significant increase and upgrade for Antilla Cu/Mo...
10/30/2013(Cotabambas)Increases Copper and Gold Resources by 40% at the Cotabambas...
3/14/2013completes C$15 million bought deal financing
2/25/2013(Cotabambas)Intersects 110.8 Meters Grading 1.64 % Cu, 0.68 g/t Au and 6...
1/21/2013(Cotabambas)Intersects 92 Metres Grading 0.95 %Cu, 0.49 g/t Au and 6.2 g...
12/11/2012completed Table from December 11, 2012 Press Release
12/11/2012(Cotabambas)Intersects 60 Metres Grading 1.55% Cu, 0.57 g/t Au and 7 g/t...
10/26/2012(Cotabambas)Announces Filing of NI 43-101 Technical Report for Cotabamba...
10/24/2012(Cotabambas)Announces Filing of NI 43-101 Technical Report for Cotabamba...
10/17/2012Announces Granting of Options and Appointment of VP Expl...
9/28/2012(Antilla)Arbitration Committee Confirms Termination of Joint Venture ...
9/27/2012Arbitration Committee Confirms Termination of Joint Venture ...
9/11/2012(Cotabambas)Cotabambas Project Resource Estimate Shows Increase to 3.75 ...
6/13/2012(Cotabambas)Intersects 55.35 Metres Grading 0.97% Copper, 0.16 G/t Gold ...
1/19/2012(Cotabambas)Intersects Near Surface Enriched Zone With 92.35 Metres Grad...
1/4/2012Announces Approval of Application to the British Columbia an...
12/7/2011(Cotabambas)Continues to Intersect High Grade Copper-Gold Mineralization...
6/15/2011Announces Corporate Plans
5/11/2011(Cotabambas)Intersects 206 Metres Grading 0.51% Cu and 0.31 g/t Au at th...
3/7/2011(Cotabambas)Announces First Drill Results for the Cotabambas Copper Gold...
2/13/2010Retains Ascenta Capital Partners for Investor Relations
6/22/20091.6 Billion pound Copper Inferred Resource Estimate at the E...
6/15/2009annual general meeting
6/2/2008Exploration Program Commenced at Antilla Project
5/21/2008With Permit in Hand Panoro to Start Drilling Program at the ...
5/13/2008Announces Proposed Implementation of Shareholders Rights Pla...
4/7/2008 Changes Name of Subsidiary in Peru to Panoro Apurimac S.A.
3/17/2008 Grants Consorcio Minero Horizonte Option to earn 50% in Coc...
1/21/2008 Starts First of Four Drill Programs
12/5/2007 Signs Formal Agreement with Antilla Community Drilling in e...
10/4/2007Two of the Company's Projects Designated as Projects of Nati...
9/18/2007Progress Report since the Acquisition of Cordillera de las M...
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