Eloro Resources Amends Payment Schedule for Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
Eloro Resources Amends Payment Schedule for Iska Iska Silver-Tin Polymetallic
Project, Potosi Department, Bolivia
Toronto, Canada, June 30, 2025 – Eloro Resources Lt d. (TSX: ELO; OTCQX: ELRRF; FSE:
P2QM) (“Eloro”, or the “Company”) is pleased to announce that, by mutual agreement with Empresa
Minera Villegas S.R.L. (“Minera Villegas”), the title holder of the Iska Iska silver-tin polymetallic project
in the Potosi Department, southern Bolivia (“Iska Iska”), the payment schedule in connection with the
US$4,450,000 remaining portion of the aggregate US$10,000,000 payment required for Eloro to earn
a 100% interest in Iska Iska has been amended, as follows:
US$
Credit for expenditures incurred by the Company on the Mina Casiterita property (1) 1,800,000
Payment due on July 15, 2025 1,000,000
Payment due on January 6, 2026 1,650,000
4,450,000
Note (1) – The US$1,800,000 incurred by the Company in exploration expenditures on the adjacent
Mina Casiterita property is deducted from the remaining Iska Iska option payments and will be applied
towards the Mina Casiterita and Mina Hoyada option agreement.
Concurrently, the Mina Casiterita and Mina Hoyada o ption agreement (see Eloro’s press release
dated November 22, 2022) was amended to provide for the Company to make a cash payment of
US$1,800,000 within 12 months from the date on whic h 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 compan y with a portfolio of gold and base-metal
properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 100% interest in the highly
prospective Iska Iska Property, which can be classi fied as a polymetallic epithermal-porphyry
complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-
101 Technical Report on Iska Iska, which was completed by Micon International Limited, 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% interest in the La Victoria Gold/Silver Project, located in the North-
Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold
Mine.
For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge
Estepa, Vice-President at (416) 868-9168 .
20 Adelaide Street East, Suite 200, Toronto, Ontari o CANADA M5C 2T6 Tel.: (416) 868-9168
TSX Symbol: ELO www.elororesources.com
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Information in this news release may contain forwar d-looking information. Statements containing forwar d-looking
information express, as at the date of this news re lease, the Company’s plans, estimates, forecasts, p rojections,
expectations, or beliefs as to future events or res ults and are believed to be reasonable based on inf ormation currently
available to the Company. There can be no assurance that forward-looking statements will prove to be a ccurate. Actual
results and future events could differ materially from those anticipated in such statements. Readers should not place undue
reliance on forward-looking information.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.