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Panoro Minerals intersects 60 metres grading 1.55% Cu, 0.57 g/t Au and 7 g/t Ag at the Cotabambas Cu/Au/Ag project, Peru

Wednesday, Dec 12, 2012

VANCOUVER, Dec. 11, 2012 /CNW Telbec/ - Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) ("Panoro", the "Company") Panoro is pleased to report additional assay results from its 100% owned Cotabambas porphyry copper-gold-silver project located in southern Peru. The drill results include infill and step out drill holes to both the south and west sides of the Ccalla deposit.

Hole CB-86 was an infill drill hole collared 75m to the south of previously
reported hole CB-58. A 60.0m zone of supergene-enriched chalcocite
mineralization grading 1.55% Cu, 0.57 g/t Au and 7 g/t Ag was intersected near the surface. This was immediately underlain by 70.3m of primary copper mineralization averaging 1.34%Cu, 1.09 g/t Au and 7 g/t Ag and a second interval of 154.9m of primary copper mineralization averaging 0.77% Cu, 0.51 g/t Au and 6 g/t Ag. The two intervals of primary mineralization are separated by a 16.9m wide barren latite dike. Inclusion of this barren dyke results in an interval of 285.1m grading 1.08%Cu, 0.67 g/t Au and 6 g/t Ag. Several other intervals of primary copper mineralization at greater depth in the hole are situated outside
the pit shell limit constraining the current Inferred resource. The final 152.2m in the hole graded 0.17%Cu, 0.05 g/t Au, 2 g/t Ag and 0.020% Mo in mineralization associated with an intrusive not previously encountered on this side of the deposit.

Hole CB-87 was a step out hole drilled parallel to and 100m to the south of hole CB-92 but in the opposite direction. It was stopped at 181.7m because of operational problems but bottomed in mineralization after intersecting 26.0m of molybdenum mineralization averaging 0.12% Cu, 0.03 g/t Au, 1 g/t Ag and 0.014% Mo.

About Panoro

Panoro's strategic focus is to move its advanced stage projects to the
feasibility and development stages and to explore its other projects. The
Company owns the advanced Cotabambas Copper-Gold and Antilla Copper-Molybdenum Projects.

SOURCE PANORO MINERALS LTD.

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