Mr. Thomas Larsen reports

ELORO RESOURCES ANNOUNCES ANNUAL AND SPECIAL MEETING VOTING RESULTS

In connection with the annual and special meeting of Eloro Resources Ltd.'s shareholders, which was held virtually on Sept. 30, 2024, and in accordance with TSX reporting requirements, the following voting results were obtained.

A total of 32,499,132 common shares, representing 40.475 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 seven director nominees as shown in the attached table.

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 seven, with the directors authorized to determine the number of directors of the company by resolution of the directors, the reappointment of RSM Canada LLP as the company's auditor and the issuance of certain common shares in connection with a debt settlement agreement. Pursuant to Section 11.3 of National Instrument 51-102, the company filed a report of voting results on Sept. 30, 2024, 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 project, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi department in southern Bolivia. A recent National Instrument 43-101 technical report on Iska Iska, which was completed by Micon International Ltd., 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-per-cent interest in the La Victoria gold/silver project, located in the North-Central mineral belt of Peru, approximately 50 kilometres south of the Lagunas Norte gold mine and the La Arena gold mine.

We seek Safe Harbor.