Mr. Thomas Larsen reports

ELORO RESOURCES MAKES A US$1.5 MILLION OPTION PAYMENT FOR THE ISKA ISKA SILVER-TIN POLYMETALLIC PROJECT, POTOSI DEPARTMENT, BOLIVIA

Eloro Resources Ltd. has made a $1.5-million (U.S.) option payment to Empresa Minera Villegas Srl, the title holder of the Iska Iska silver-tin polymetallic project in the Potosi department, southern Bolivia, leaving a final cash payment of $1.15-million (U.S.) due on Jan. 6, 2026.

Pursuant to the amended terms of the option agreement to acquire Iska Iska, the payment schedule for the aggregate $10-million (U.S.) payment required for Eloro to earn a 100-per-cent interest in Iska Iska includes a credit for the $1.8-million (U.S.) incurred by the company in exploration expenditures on the adjacent Mina Casiterita property, which will be applied toward the Mina Casiterita/Mina Hoyada option agreement, as amended (see Eloro's press releases dated Nov. 22, 2022, and June 30, 2025). To earn a 100-per-cent interest in the Mina Casiterita/Mina Hoyada properties, the company is required to make a cash payment of $1.8-million (U.S.) within 12 months from the date on which the mining rights for Mina Casiterita and Mina Hoyada are duly obtained and, subject to all required regulatory approval, issue the titleholder 200,000 common shares of the company when the transfer of the properties is completed.

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. A 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 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 La Arena gold mine.

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