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Panoro Minerals – Cotabambas porphyry copper, Peru

(PML: TSX-V)

Panoro announced in September 2015 that it has received the results of an updated independent Preliminary Economic Assessment (“PEA”) of the Company’s 100% owned Cotabambas porphyry copper-gold-silver project in Peru. The results show strongly improved economics compared with PEA results announced on April 9, 2015 as the result of an optimized mine plan and processing cut-off grade strategy along with associated improvements to waste rock and tailings management.