Panaon Island is a small island in the Philippines, in the province of Southern Leyte. It lies south of Leyte, separated from Dinagat to the east, and Mindanao to the southeast by Surigao Strait. The Mindanao Sea lies to the southwest.
Panaon is about 30 km long from north to south. The largest town is Liloan, which is connected by a bridge called the 'Wawa bridge' to the main Leyte Island.
Panaon Island is composed of the towns Liloan, San Francisco, Pintuyan and San Ricardo. The basic form of living are harvesting coconut, rice, fish and edible green leaves.
Scuba diving and whale watching (referred to locally as 'Tikitiki') are popular tourist activities.