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Eloro Resources Announces Annual Meeting Voting Results

Shareholder Meetings

Eloro Resources Announces Annual Meeting Voting Results

Toronto, Canada, October 30, 2023 – Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM)

(“Eloro”, or the “Company”) is pleased to announce that in connection with the annual meeting of the

Company`s shareholders (the “Meeting”), that was held virtually on October 30, 2023, and in

accordance with TSX reporting requirements, the following voting results were obtained.

A total of 29,893,834 common shares representing 38.90% 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 six director nominees as follows:

NOMINEE

VOTES

FOR

%

FOR

VOTES

WITHHELD

%

WITHHELD

Thomas Larsen 26,275,876 99.735 69,900 0.265

Francis Sauve 24,399,334 92.612 1,946,442 7.388

Alexander Horvath 24,399,334 92.612 1,946,442 7.388

Dusan Berka 24,399,334 92.612 1,946,442 7.388

Richard Stone 26,284,836 99.769 60,940 0.231

Pablo Ordoñez 26,284,836 99.769 60,940 0.231

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 six, with the directors authorized to determine

the number of directors of the Company by resolution of the directors, and the re-appointment of

RSM Canada LLP as the Company’s auditors. Pursuant to Section 11.3 of National Instrument 51-

102, the Company filed a “Report of Voting Results” on October 30, 2023, under the Company’s

filings on SEDAR+ (www.sedarplus.ca).

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% 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. An inaugural

MRE for Iska Iska was announced on August 30, 2023, and the National Instrument 43-101 Technical

Report outlining the MRE, completed by Micon International Limited, was filed on Sedar+ on October

17, 2023. 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 Pan American Silver’s La Arena Gold Mine.

20 Adelaide Street East, Suite 200, Toronto, Ontario CANADA M5C 2T6 Tel.: (416) 868-9168

TSX Symbol: ELO www.elororesources.com

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For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge

Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-look ing information. Statements c ontaining forward-looking

information express, as at the date of this news release, the Company’s plans, estimates, foreca sts, projections,

expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently

available to the Company. There can be no assurance that fo rward-looking statements will prove to be accurate. 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.