Mr. Thomas Larsen reports

ELORO RESOURCES ANNOUNCES ANNUAL MEETING VOTING RESULTS

In connection with the annual meeting of Eloro Resources Ltd.'s shareholders that was held virtually on Oct. 30, 2023, and in accordance with Toronto Stock Exchange reporting requirements, the following voting results have been obtained.

A total of 29,893,834 common shares, representing 38.90 per cent of the company's issued and outstanding common shares, were voted in connection with the meeting. Shareholders voted in favour of the election of the six director nominees.

Shareholders also voted in favour of the other items of business considered at the meeting, being the setting of the number of directors of the company at six, with the directors authorized to determine the number of directors of the company by resolution of the directors, and the reappointment of RSM Canada LLP as the company's auditor. Pursuant to Section 11.3 of National Instrument 51-102, the company filed a report of voting results on Oct. 30, 2023, under the company's filings on SEDAR+.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 100-per-cent 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 inaugural mineral resource estimate for Iska Iska was announced on Aug. 30, 2023, and the National Instrument 43-101 technical report outlining the MRE, completed by Micon International Ltd., was filed on SEDAR+ on Oct. 17, 2023. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82-per-cent interest in La Victoria gold/silver project, located in the north-central mineral belt of Peru about 50 kilometres south of the Lagunas Norte gold mine and Pan American Silver's La Arena gold mine.

We seek Safe Harbor.