Eloro Resources Makes a US$1.5 Million Option Payment for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

Eloro Resources Makes a US$1.5 Million Option Payment for the Iska Iska Silver-Tin

Polymetallic Project, Potosi Department, Bolivia

Toronto, Canada, July 21, 2025 – Eloro Resources Lt d. (TSX: ELO; OTCQX: ELRRF; FSE:

P2QM) (“Eloro”, or the “Company”) is pleased to announce that it made a US$1,500,000 option

payment to 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”), leaving a final cash

payment of US$1,150,000 due on January 6, 2026.

Pursuant to the amended terms of the option agreement to acquire Iska Iska, the payment schedule

for the aggregate US$10,000,000 payment required fo r Eloro to earn a 100% interest in Iska Iska,

includes a credit for the US$1,800,000 incurred by the Company in exploration expenditures on the

adjacent Mina Casiterita property, which will be applied towards the Mina Casiterita / Mina Hoyada

option agreement, as amended (see Eloro’s press releases dated November 22, 2022 and June 30,

2025). In order to earn a 100% interest in the Mina Casiterita / Mina Hoyada properties, the Company

is required to make a cash payment of US$1,800,000 within 12 months from the date on which the

mining rights for Mina Casiterita and Mina Hoyada a re 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 .

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.

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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for the adequacy or accuracy of this release.