Panoro Minerals Announces Granting of Options

Vancouver, B.C., August 19, 2019 - Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) ("Panoro", or the "Company") Panoro announces the granting of 4,300,000 options exercisable at a price of $0.15 to directors, officers, senior management and employees pursuant to the Company's stock option plan and subject to the TSX Venture Exchange rules and regulations.

On behalf of the Board of Panoro Minerals Ltd.

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

President & CEO

FOR FURTHER INFORMATION, CONTACT:

Panoro Minerals Ltd. Renmark Financial Communications Inc. Luquman Shaheen, President & CEO Melanie Barbeau Phone: 604.684.4246 Fax: 604.684.4200 Tel.: (514) 939-3989 Email: [email protected] [email protected] Web: www.panoro.com www.renmarkfinancial.com

Neither the 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.