Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Panoro Announces Amended MD&A

Panoro Announces Amended MD&A

Vancouver, BC, June 7, 2010 - Panoro Minerals Ltd. (“Panoro” or the “Company) (TSX-V: PML, Frankfurt: PZM, Bolsa de Valores Lima Junior Board: PML) As a result of a review by the British Columbia Securities Commission, we are issuing the following press release to clarify our disclosure.

The Company would like to announce that it has filed on SEDAR an amended and restated MD&A for the year ending December 31, 2009 (the “Amended and Restated MD&A”). The Amended and Restated MD&A now includes disclosure as to the conclusion of management regarding the effectiveness of the Company’s internal controls over financial reporting for the year ending December 31, 2009. The steps taken do not alter the financial results reported for this period.

About Panoro Minerals Ltd.

Panoro's strategic focus is to move its advanced stage Copper and Copper/Gold projects to feasibility and development stages and to explore its other projects.

The Company's most advanced projects, Cotabambas and Antilla, contain NI 43-101 compliant inferred resources of:

Cotabambas 114 Mt @ 0.68% Cu and 0.38 g/t Au at 0.30% Cu cut-off Antilla 154 Mt @ 0.47% Cu and 0.009% Mo at 0.25% Cu cut-off

The Antilla project is being explored as part of the JV agreement with Chancadora Centauro S.A.C in return for US $8 million cash to Panoro and a work commitment of US $17 million. The company has eleven other exploration projects, all located in Peru. Priority projects for the Company are the Kusiorcco Porphyry Copper Project, the El Rosal Polymetalic Project and the Cochasayhuas Gold Project.

On behalf of the Board of

Panoro Minerals Ltd.

Luquman Shaheen, M.B.A., P.Eng., P.E.

President, CEO and Director

FOR FURTHER INFORMATION, CONTACT:

Panoro Minerals Ltd. Investor Relations

Luquman Shaheen, President & CEO Jim Glass, Ascenta Capital Partners Inc. Phone: 604.68.4246 Phone: 604.684.4743 ext. 225 Fax:604.684.4200 Phone: 866.684.4209 Email: [email protected] Email: [email protected] Web: www.panoro.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.