Resignation of Board member

Panoro Energy ASA ("PEN", OSE ticker code), the independent oil and gas company with assets in West Africa and Brazil announces that the Board member Marilda Rosado de Sá Ribeiro has decided to resign as member of the Board of Directors of Panoro Energy ASA for personal reasons with immediate effect.

For further information, please contact:
Dr Phil Vingoe, Chairman of the Board of Panoro Energy ASA
Tel: +44 7786437762

Carl Peter Berg, VP Commercial and Investor Relations 
Tel: +55 21 3078 7472 
Cell: +55 21 8541 1907 
Email: carl.peter.berg@panoroenergy.com

Please visit www.panoroenergy.com for more information.