Eloro Resources Grants Stock Options

Eloro Resources Grants Stock Options

Toronto, Canada, April 7 , 201 7 – Eloro Resources Ltd. (TSX -V: ELO; FSE: P2Q) (“Eloro”)

announces the grant of options to an arm’s-length consultant to purchase 100,000 common shares of

Eloro, exercisable at $0.75 per share at any time on or before April 7, 2022. The grant is subject to TSX

Venture Exchange acceptance and is made in accordance with and subject to the terms of Eloro’s stock

option plan. In accordance with securities regulatory requirements , any shares issued pursuant to the

exercise of such options will be subject to a resale restriction for a period of four months from the date of

the grant.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company which holds a 100% undivided interest in the La

Victoria Gold/Silver Project, located in the prolific North -Central Mineral Belt of Peru. The La Victoria

Gold/Silver Project covers 80.4 square kilometers and is within 50 km of several large, low -cost

producing gold mines, w ith three producers visible from the property. Infrastructure in the area is good

with access to road, water, and electricity and is located at an altitude that ranges from 3,100m to

4,200m above sea level. Eloro also holds a portfolio of gold and base -metal properties in northern and

western Quebec.

For further information please contact Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward-

looking informati on express, as at the date of this new release, the Corporation's plans, estimates,

forecasts, projections, expectations, or beliefs as to future events of results and are believed to be

reasonable based on information currently available to the Corporatio n. There can be no assurance that

forward-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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.

20 Adelaide Street East, Suite 200, Toronto, On tario CANADA M5C 2T6 Tel.: (416) 868 -9168 Fax: (416) 361 -1333

TSX.V Symbol: ELO www.elororesources.com