Eloro Resources Obtains Conditional Listing on the Toronto Stock Exchange

Eloro Resources Obtains Conditional Listing on the Toronto Stock

Exchange

Toronto, Canada. February 23, 2023 – Eloro Resource s Ltd. (TSX-V: ELO; OTCQX: ELRRF;

FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce that it has obtained conditional

approval to list its common shares on the Toronto Stock Exchange (“TSX ”). Eloro shares will trade

under the TSX trading symbol “ELO”. The listing is subject to the Company fulfilling certain

requirements of the TSX in accordance with the terms of its conditional approval letter dated February

22, 2023. The Company is actively proceeding to sa tisfy these requirements and upon obtaining

final approval, the Company will issue a further press release indicating when its common shares will

commence trading on the TSX.

Thomas Larsen, Eloro’s CEO stated, “This is a significant milestone for Eloro and its shareholders.

The TSX is one of the world's pre-eminent exchanges for mineral resource companies. A TSX listing

will increase our visibility and profile in the capital markets and in the mining industry. Listing on the

TSX will also offer benefits to shareholders such a s enhanced market access for Canadian and

international investors, increased access to capital and improved liquidity, as the Company advances

its flagship Iska Iska project in southern Bolivian.”

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. Through its Bolivian subsidiary, 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. A recent NI 43-101 Technical Report on Isk a 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 Barrick’s Lagunas

Norte Gold Mine and Pan American Silver’s 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.

Neither the TSXV nor its Regulation Services Provid er (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, Ontari o CANADA M5C 2T6 Tel.: (416) 868-9168

TSX.V Symbol: ELO www.elororesources.com