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PML.V ·

Panoro Minerals Grants Options

Panoro Minerals Grants Options

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2026) -

Panoro Minerals Ltd. (TSXV: PML)

(BVL: PML) (FSE: PZM) (OTCQB: POROF)

("

Panoro

" or the "

Company

") announces that it has

granted an aggregate of 4,825,000 stock options (the "Options") to directors, officers and employees of

the Company to purchase 4,825,000 common shares (the "Shares") in the capital of the Company

pursuant to the Company's share option plan. The Options are exercisable at a price of CAD $1.70 per

Share for a period of five (5) years from the date of grant.

ON BEHALF OF PANORO MINERALS LTD.

Luquman Shaheen President & CEO

For Further Information, Please Contact:

Luquman Shaheen, President & CEO

Email:

[email protected]

Tel: 604-684-4246

Website:

www.panoro.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.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

:

Information and statements contained in this news release that are not historical facts are "forward-

looking information" within the meaning of applicable Canadian securities legislation and involve risks

and uncertainties. Examples of forward-looking information and statements include information and

statements with respect to:

the intended use of proceeds;

regulatory approval;

mineral resource estimates and assumptions;

the Company completing its technical objectives; and

the Company's plans and expectations for the Cotabambas Project.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or

projections set out in forward-looking information. In some instances, material assumptions and factors

are presented or discussed in this news release in connection with the statements or disclosure

containing the forward-looking information and statements. You are cautioned that the following list of

material factors and assumptions is not exhaustive. The factors and assumptions include, but are not

limited to, assumptions concerning: the Company receiving final approval in respect of the Offering from

the TSXV; the Company using the net proceeds of the Offering as anticipated; metal prices and by-

product credits; cut-off grades; short and long term power prices; processing recovery rates; mine plans

and production scheduling; process and infrastructure design and implementation; accuracy of the

estimation of operating and capital costs; applicable tax and royalty rates; open-pit design; accuracy of

mineral reserve and resource estimates and reserve and resource modeling; reliability of sampling and

assay data; representativeness of mineralization; accuracy of metallurgical test work; and amenability of

upgrading and blending mineralization.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other

factors which could cause actual events or results to differ materially from those expressed or implied by

the forward-looking statements, including, without limitation:

the risk that the Company does not use proceeds as currently expected;

risks related to not receiving regulatory approval;

risks relating to metal price fluctuation;

risks relating to estimates of mineral resources, production, capital and operating costs,

decommissioning, or reclamation expenses, proving to be inaccurate;

the inherent operational risks associated with mining and mineral exploration, development, mine

construction and operating activities, many of which are beyond Panoro's control;

risks relating to Panoro's or its partners' ability to enforce legal rights under permits or licenses or

risk that Panoro or its partners will become subject to litigation or arbitration that has an adverse

outcome;

risks relating to Panoro's or its partners' projects being in Peru, including political, economic, and

regulatory instability;

risks relating to the uncertainty of applications to obtain, extend or renew licenses and permits;

risks relating to potential challenges to Panoro's or its partners' right to explore or develop projects;

risks relating to mineral resource estimates being based on interpretations and assumptions which

may result in less mineral production under actual circumstances;

risks relating to Panoro's or its partners' operations being subject to environmental and

remediation requirements, which may increase the cost of doing business and restrict operations;

risks relating to being adversely affected by environmental, safety and regulatory risks, including

increased regulatory burdens or delays and changes of law;

risks relating to inadequate insurance or inability to obtain insurance;

risks relating to the fact that Panoro's and its partners' properties are not yet in commercial

production;

risks relating to fluctuations in foreign currency exchange rates, interest rates and tax rates;

risks relating to Panoro's ability to raise funding to continue its exploration, development, and

mining activities; and

counterparty risk under Panoro's agreements.

This list is not exhaustive of the factors that may affect the forward-looking information and statements

contained in this news release. Should one or more of these risks and uncertainties materialize, or

should underlying assumptions prove incorrect, actual results may vary materially from those described

in the forward-looking information. The forward-looking information contained in this news release is

based on beliefs, expectations, and opinions as of the date of this news release. For the reasons set

forth above, readers are cautioned not to place undue reliance on forward-looking information. Panoro

does not undertake to update any forward-looking information and statements included herein, except in

accordance with applicable securities laws.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/304277