Panoro Minerals Ltd. announced results of seven additional drill holes from its infill and step-out drill program at the Company's Cotabambas Cu/Au/Ag Project in southern Peru. North Pit. Drillhole CB-209 intersected 133 m of a porphyry stock located to below both the Preliminary Economic Assessment (PEA) and Mineral Resources (MR) pit shells.

This hole intersected five mineralized intervals varying from 21.2 m to 136.9 m with grades grading from 0.20 to 0.67% Cueq. Mineralization was intersected to more than 250 m below the PEA pit shell. Drillhole CB-212 intersected 74.0 m averaging 1.07% Cueq, including 35.1 m of mixed copper mineralization grading 1.14% Cu, 0.33 g/t Au, 2.58 g/t Ag (1.43% Cueq) underlain by 38.9 m of hypogene copper mineralization averaging 0.46% Cu, 0.33g/t Au, 3.0 g/t Ag (0.75% Cueq).

The hole was terminated due water flows, the target zone will be re-drilled from an adjacent location. Drillhole CB-213 intersected two intervals of primary copper sulfides of 155.4 m and 107.1 m length averaging 0.62% Cu, 0.34 g/t Au, 4.43 g/t Ag (0".93% Cueq) and 0.87% Cu, 0.77 g/t Au, 4. The hole is located to the north side of the North Pit and intersected high grade mineralization from near surface. Drillhole CB-214 intersected 408.7m of primary copper sulfide averaging 0.74% Cueq, including an interval of 117.7 m grading 1.21% Cu, 0.82 g/t Au, 11.36 g/t Ag (1".98% Cueq), located to the southern part of the North Pit.

The mineralized porphyry stock was confirmed with over 240 m length and mineralization intersected to over 100 m below the PEA pit Shell. Drillhole CB-216 intersected 184.2 m of mineralization from near surface grading 0.43% Cu, 0.17 g/t Au, 2.