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Re:   News Release - Wednesday, November 21, 2007
     Progress on the Permitting Front and Community Relations
     Appointment of full time Chief of Community Relations and Firm of
     Advisors
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Vancouver, B.C. and Lima, November 21, 2007. The President of Panoro
Minerals Ltd. (the Company) reports from Peru where he has just spent
ten days on related matters that progress has been made on the
permitting processes for some of the Company's projects in Peru.

Completion of the process for the drilling permit for the El Rosal
Project in the North is pending final issue of the permit document
after some requested additional information has been supplied to the
Ministry of Energy and Mines (MEM). The application has otherwise been
accepted and approved.

The process of applying and receiving permits for large exploration
drilling programs in Peru, and especially in the Andean Region of
Apurimac has become particularly complex since the enforcement of the
law that requires approval of the activities of a company by a two
thirds majority vote in a full assembly of the  affected communities.
In all cases this requires convincing the communities of the benefits
that they can derive from the activities of the mining industry and the
negotiation of an agreement involving the funding of various community
projects. Only after the conclusion of such a legally binding agreement
can the permit application be submitted to the MEM. The slowdown of the
process and the associated delays in investments in the mining
industry, particularly in exploration, has caused concern in the office
of the President of Peru and has precipitated the cooperation of the
industry in the region and in the country to share experiences and
communication efforts towards the affected population.

If a negotiation process does not succeed in obtaining an agreement
with the community, the law foresees an arbitration process called
"Servidumbre" that will in the end provide the basis for the
utilization of the mineral rights that have been granted by the state.

Nevertheless, the Company has made solid progress in the case of its
Antilla project after several consultative and informative community
meetings have been held over the past five months. In a full community
meeting on November 17th that was attended by the President of the
Company, and where he had the opportunity together with Management of
the Company's subsidiary Cordillera de las Minas to address the
assembly, the Company presented a proposal of community projects that
it would be funding over the next two years. After an at times stormy
discussion the community voted 95% in favour of the Company to carry
out exploration work on the project pending the final conclusion of the
terms of the agreement and its approval on December 1st.

Management of the Company is extremely pleased with the outcome of this
last meeting.

Antilla is one of the flagship projects of the Company. An aggressive
drill program is planned for the project to confirm, define and expand
its geological potential.

The Company, who has for some time been working with the community
relations consulting firm of Social Capital Group has now retained this
firm as permanent advisors to its community relations efforts. In this
capacity Social Capital Group will provide regular input and reviews of
the Company's ongoing community relations initiatives and also second
personnel to the Company on a temporary basis.

The Company has also hired a full time Chief of Community Relations for
all its community relations initiatives. The appointee has had relevant
experience in the mining industry, has already worked on the Cotabambas
project and is totally fluent in the local Quechua language, a critical
aspect in the Apurimac region where most of the Company's projects are
located.

Management is confident that it will persevere and succeed in the
community relations and permitting processes concerning its projects in
the region and that the projects will enter a stable period of
advancement.

On behalf of the Board of
Panoro Minerals Ltd.
Helmut H. Wober, P.Eng.,
President and Director

ABOUT PANORO

Panoro Minerals Ltd. is a Canadian mineral exploration company trading
on the TSX Venture Exchange (PML) and on the Frankfurt Stock Exchange
(PZM, WKN 914959) and on the Junior Board of the Lima Exchange.
Panoro's strategic focus is on exploring for large-potential gold and
copper/gold deposits in countries with the corresponding geological
potential and where the right political and economic conditions are
present.

For investor inquiries please call 604-684 4246, or send an e-mail to
info@panoro.com or visit the company's website at www.panoro.com.

This release was prepared by management of the Company who takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.

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Copyright (c) 2007 PANORO MINERALS LTD. (PML)  All rights reserved.
For more information visit our website at http://www.panoro.com/ or
send mailto:info@panoro.com
Message sent on Wed Nov 21, 2007 at 7:40:32 AM Pacific Time
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