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Re: News Release - Thursday, April 17, 2008
Panoro Lays Foundation for Future with Orderly CEO Succession,
Appoints New President and CEO, Grants Options.
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Vancouver, B.C. and Lima, Per�, April 17, 2008. Panoro Minerals Ltd.
(the Company) announces that the Board of Directors and its long-time
President Mr. Helmut Wober, P.Eng. have appointed Mr. Luquman Shaheen,
P.Eng., P.E., M.B.A, to assume the position of President and CEO of the
Company effective April 16, 2008.

Helmut Wober, who has led the Company and its predecessor Panoro
Resources Ltd. since March 1999, is retiring from active duty at the
age of 71. Mr. Wober will remain a Director of the Company and will be
available to the Board and to Mr. Shaheen as an advisor or for special
assignments. Mr. Wober and Mr. Shaheen will overlap for a period of
approximately one month.

Mr. Shaheen is coming to Panoro from Pan American Silver Corp. Ltd.
where he has held a Senior Management position as Director of
Environmental Affairs, a portfolio that includes responsibility for
environmental policy, waste management, permitting as well as community
relations for six operating mines and two development projects in Latin
America.

Mr. Shaheen has 18 years' of experience within the international mining
sector, with over 12 years dedicated to Latin America. He has a
Bachelor's degree in Civil Engineering from the University of British
Columbia and an MBA from Simon Fraser University, both in Vancouver,
Canada. He is a Registered Professional Engineer in the Province of
British Columbia, Canada and the States of Washington and Alaska in the
USA as well as a Licensed Engineer in Per�. Mr. Shaheen is fluent in
English, Spanish, Punjabi and Urdu.

Between 2001 and 2006 Mr. Shaheen was Manager of Mining Services for
Latin America for AMEC Earth and Environmental, one of the largest
engineering firms in the Industry. In this position he was responsible
for growing the firms' mining services business in the region as well
as managing engineering and construction projects for key mining
clients in Per�, Bolivia, Argentina and Mexico. From 1996 to 2001, Mr.
Shaheen resided in Lima, Per�, where he was first the Head of the
Geotechnical Group for Klohn Crippen-SVS S.A. and then Manager of the
Environmental Group for AMEC Per� S.A. Prior to 1996 Mr. Shaheen worked
as a staff and project engineer in various capacities in Canada, the
United States and Greece.

Mr. Shaheen brings unique technical and management capabilities to the
Company that are ideally suited for the advancement of its core
projects Antilla and Cotabambas. Mr. Shaheen has been personally known
to two of the Company's Directors for over 10 years.

Mr. Shaheen has been granted options to purchase 600,000 shares under
the provisions of the Company's Stock Option Plan.

Mr. Shaheen has been appointed a Director of the Company effective
April 16, 2008.

We have been fortunate to attract Mr. Shaheen, whose experience is
ideal for our current stage of development. We wish to thank Mr. Wober
for his enormous contribution to the Company since its formation, and
we look forward to Mr. Wober continuing with Panoro as a Director and
advisor.

On behalf of the Board of
Panoro Minerals Ltd.
C. Allen Born
Chairman of the Board

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 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) 2008 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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