Eloro Resources Grants Stock Options
Eloro Resources Grants Stock Options
Toronto, Canada, March 3, 2022 – Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM)
(“Eloro” or the “ Corporation”) announces the grant of stock options to directors and officers of the
Corporation to purchase an aggregate of 1,025,000 co mmon shares of Eloro, exercisable at $4.65 per
share at any time on or before March 3, 2027. 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 with a portfolio of gold and base-metal properties
in Bolivia, Peru and Quebec. Eloro has an option to acquire a 99% interest in the highly prospective Iska Iska
Property, which can be classified as a polymetallic epi thermal-porphyry complex, a significant mineral
deposit type in the Potosi Department, in southern Bolivia. Eloro commissioned a NI 43-101 Technical
Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s
website and under its filings on SEDAR. Iska Iska is a r oad-accessible, royalty-free property. Eloro also
owns an 82% interest in the La Victoria Gold/Silver Pr oject, located in the North-Central Mineral Belt of
Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold
Mine. La Victoria consists of eight mining conc essions and eight mining claims encompassing
approximately 89 square kilometres. La Victoria has good infrastructure with access to road, water and
electricity and is located at an altitude that ranges from 3,150 m to 4,400 m above sea level.
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-lo oking information. Statements containing forward-looking
information express, as at the date of this news release, the Corporation’s plans, estimates, forecasts, projections,
expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently
available to the Corporation. 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 Servic es 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, Ontario CANADA M5C 2T6 Tel.: (416) 868-9168
TSX.V Symbol: ELO www.elororesources.com