Panoro closes $4-million private placement

Mr. Luquman Shaheen reports PANORO ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT Further to the news release dated Jan. 26, 2026, Panoro Minerals Ltd. has closed its $4.0-million non-brokered private placement of units of the company for aggregate gross proceeds of $4-million. Under the NBPP, the company issued 10 million units at a price of 40 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant is exercisable at a price of 60 cents to acquire one common share for a period of 36 months following the closing date of the NBPP. The company intends to use the net proceeds of the NBPP for exploration and development at the Cotabambas project consisting of infill drilling, metallurgical testing, updating the preliminary economic assessment technical report and prefeasibility engineering, and for general working capital. Participation in the NBPP included two new cornerstone institutional investors, Konwave AG and investment funds managed by Delbrook Capital Advisors. The NBPP did not include any participation from any related parties of the company. In connection with the NBPP, the company paid an aggregate cash commission of $180,000 and issued 450,000 non-transferable warrants of the company. The finder warrants are exercisable at a price of 40 cents per finder warrant for a period of 36 months following the closing date. The units, securities comprising the units and the finder warrants are subject to a statutory hold period of four months and one day. We seek Safe Harbor.