Mr. Thomas Larsen reports

ELORO RESOURCES LAUNCHES 40,000 METRE DRILL PROGRAM AT THE ISKA ISKA SILVER-TIN POLYMETALLIC PROJECT, POTOSI DEPARTMENT, BOLIVIA

Eloro Resources Ltd. has signed a contract with Major Drilling Group International Inc., the world's leading provider of specialized drilling services in the metals and mining industry, to complete an initial 40,000-metre drill program at its Iska Iska silver-tin polymetallic project in Potosi, Bolivia. As per the agreement, two drill rigs are currently being mobilized to the project, while a third is expected to be added in the coming weeks.

Dr. Osvaldo Arce, PGeo, Eloro's executive vice-president, operations, Latin America, commented, "With Major Drilling now engaged, the company will be able to complete a sufficient amount of 50 m and 25 m infill drill hole spacings in the Santa Barbara corridor and to drill the other five mineralized zones at Iska Iska to enhance the resource footprint for our economic studies and also drill other prospective targets within the perimeter of the Iska Iska Caldera."

Eloro's chief executive officer, Thomas Larsen, added: "We welcome Major Drilling resuming operations in Bolivia to service our drilling requirements, with Iska Iska as their first project. Since the general elections that were held in Bolivia last fall, there are demonstrations of renewed optimism, encouraged by policy changes under way in the country, which are attractive to the mining sector."

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99-per-cent joint venture interest and a 100-per-cent economic participation 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 the 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 the La Arena gold mine.

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