Eloro Resources Ltd: appointments, Changes and additions to the management

Issuance of new stock options

Toronto, Canada, 13. June 2018 – Eloro Resources Ltd. (TSX-V: LINK; FSE: P2Q) ("Eloro" or the "Company") is pleased to announce Philip Garratt, GAICD, to have elected to the Supervisory Board, William (Bill) Pearson, Ph.D., P. Geo. is appointed as Chief Executive Officer and Charles L. Fyfe A. General Manager wird der Compania Minera Peru Eloro S.A.C., Eloro's Peruvian subsidiary.

Herr Garratt, Canadian citizen, has more than 30 Years of experience in senior management in various industries, including in exploration, Development and sales in the oil business; Exploration of mineral resources and telecommunications business. Mr. Garratt has built up a telecommunications business in Venezuela in the 90s, owned and operated. From 2006 to 2012 he was CEO of a mining exploration- and production company in the United States. In addition, Mr. Garratt was from 2003 to 2016 non-executive director of several oil- and gas production- and sales companies in Australia. He was also an investor and consultant in North- and South America, Australia, Canada and Sweden worked and has skills with a focus on corporate development and corporate governance. Mr. Garratt is a properly qualified member of the Australian Institute of Company Directors.



"We're glad, to welcome Philip to our board ", Eloro said Chairman and CEO Tom Larsen, "Philip brings valuable knowledge and experience, that are relevant to all aspects of Eloro's business activities and the capital markets. This will prove to be very beneficial for the gold project La Victoria in Peru. "

Dr. Pearson, who was appointed CEO of Eloro, is a graduate geologist with over 44 Years of experience in national and international mining industry from basic research to advanced projects and mine developments. Er hat Explorations- and development programs 18 Countries in North- and South America, Europe, East Asia and Australia carried out and was on the board of several junior mining companies. From 2010 to 2015 he was Chairman and CEO of Coastal Goldcorp. and negotiated the sale to First Mining Finance. Before that he was from 2002 to 2006 Vice President Exploration bei Desert Sun Mining Corp., the Yamana Gold Inc. as part of a stock transaction valued at approximately. 735 Million was transferred. During his time at Desert Sun his team discovered a greater extent in Jacobina (Brazil) south of the mine Canavieras, which is a key piece of the local mine mining today. From 2008 to 2010 war er Executive Vice President Exploration bei Central Sun Mining Inc. (now part of B2Gold Corp.) in Nicaragua, where he worked on the mines Libertad and Limon and recognized the potential of the extensive epithermal gold systems. since 2016 he is Chief Technical Advisor for Eloro in Peru and for the Cartier Iron Corporation in Newfoundland. He is founding president of the Association of Professional Geoscientists of Ontario (APGO) and received 2015 the PDAC Distinguished Service Award for his contributions to the Canadian ore- and exploration industry.

Changes to Eloro in-country activities in Peru include the appointment of Charles L. Fyfe A. General Manager der zum Eloro Peru Mining Company S.A.C. (“Eloro Peru”), the Peruvian subsidiary of Eloro Resources Ltd.. and the confirmation of GEMIN Associates (a subsidiary of Grupo Kkoya), a resident of Peru resources consulting firm, the Eloro Peru will offer comprehensive and multidisciplinary support services. Mr. Fyfe was in September 2017 appointed Senior Business Advisor and member of the Advisory Board of Eloro (see press release dated 5. September 2017). The extensive experience of Mr. Fyfe in business- and resource management in combination with the support of Grupo Kkoya will ensure, is that the growth of Eloro Peru to move forward in the most efficient and professional manner.

Thomas Larsen said the appointments: "We have the valuable contributions, Dr. Pearson has done in his capacity as technical chief adviser, highly appreciated and look forward to his appointment as CEO of Eloro. Bill's outstanding track record in the development and promotion of exploration projects is clearly an advantage for Eloro and its shareholders. In conjunction with the new items in management and administration and under the leadership of Bill the current exploration program La Victoria will benefit, and the drilling program, which will start soon in Rufinagebiet. "

In connection with the appointments, the company is also the issue of 350,000 stock options to a director, an officer, a consultant and an employee known. These options can at any time on or before 12. June 2023 zu CAD 0,70 can be exercised per share. The Optionsbegebung subject to the acceptance of the TSX Venture Exchange and was issued in accordance with the terms of the stock option plan of Eloro. In accordance with the regulatory provisions shares are subject, issued in the exercise of these options, a resale restriction for a period of four months from the date of issuance.

This text has been translated from the original English text. Whichever is the original text.

Über Eloro Resources Ltd.
Eloro is an exploration- and mine development company with a portfolio of gold- and base metal properties in North- and West Quebec. Eloro has 90% Share of La Victoria Gold / Silver Project. This is located in the prolific North-Central Mineral Belt of Peru. La Victoria project has an area of 89,3 Square kilometers and is located in a 50 km radius to several major already profitable producing gold mines, three of the gold mines are even within sight of the land. The area has good infrastructure, with access to the road network, Water and electricity, and is located at an altitude of 3,100m to 4,200m above sea level.

For further information, please contact Tom Larsen, Chairman & CEO Jorge Estepa oder, Vice President of Eloro Resources Ltd.. (416) 868-9168.

Contents of this press release may contain forward-looking information. testify, contain forward-looking information, press at the time of publication of this press release, the company's plans, estimates, forecasts, predict, Expectations or beliefs regarding future events or results, and will be accepted on the basis of currently available information for the company to be justified. There is no assurance, that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from expected results. Readers should not rely unduly on forward-looking information.
Neither the TSXV, nor its Regulation Services Provider (as that term is defined in the policies of the TSXV), are to blame for the adequacy or accuracy of this release.

about:

Eloro Resources Ltd.
Herr Jorge Estepa
20 Adelaide Street East Suite 200
M5C 2T6 Toronto, Ontario
Canada

fon ..: +1 (416) 868-9168
web ..: http://www.elororesources.com
email : info@elororesources.com

Press contact:

Eloro Resources Ltd.
Herr Jorge Estepa
20 Adelaide Street East Suite 200
M5C 2T6 Toronto, Ontario

fon ..: +1 (416) 868-9168
web ..: http://www.elororesources.com
email : info@elororesources.com

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