TSX: ELO

Market Update Eloro Resources Announces Closing of $2.5 Million Non-Brokered Private Placement Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) has close its previously announced non-brokered private placement offering (the “Offering”) for aggregate gross proceeds of $2.5 million. Under the Offering, the Company sold an aggregate of 2,631,578 units of the Company (the “Units”) at a price of C$0.95 per Unit. The Company intends to use the net proceeds from the Offering for continued exploration and development of the Iska Iska project, and general corporate purposes and working capital. In connection with the Offering, the Company paid $75,000 in finder’s fees and $100,000 in advisory fees to certain arm’s length parties. All securities issued pursuant to the Offering are subject to a hold period of four months plus a day from the date of issuance. Completion of the Offering is subject to final approval of the Toronto Stock Exchange. Speak with management: https://projectbank.net/scheduling-form   Access the full release: TSX ELO 02 MAY 2025 About the Iska Iska Project: Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Québec. Eloro has an option to acquire a 100% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. An NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine. For further information: admin@projectbank.net ProjectBank distributes project specific information and updates to investors and media on behalf of its mining, energy and mining technology clients. This email contains information provided to ProjectBank by clients and the firm provides no advice or recommendations on the information it distributes. Contact admin@projectbank.net for further information.

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