Erected in 1962, the parish comprises the barangays of Ibabang Bulo, Ibabang Mairok,Almacen,Bonifacio, Burgos, Ilayang Panaon,Tubigan, Ilayang Bulo, and Poctol. Most of the people are farmers. The church itself stands in the midst of rice fields. The priest who served Panaon either as parish priest or administrator were Fr. Antonio Salvo,Fr. Froilan Zalameda, Fr. Jose Dural,Fr. Dario Endiape, Fr. Quirino Macatangay, Fr. Kose Erlito Ebron, Fr. Alvin Cabungcal, Fr. Edwin Panergo,Fr. Isagani Reyes, Fr. Rolando Grecia, and Fr. Benjamin Rhoda. Major Renovation of the church was done during the term of Fr. Roda.