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ELO.TO ·

Eloro Resources Retains Venture Liquidity Providers Inc. as Market Maker

Marketing Announcement

Eloro Resources Retains Venture Liquidity Providers Inc. as Market Maker

Toronto, Canada, February 8, 2019 – Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro” or the

“Company”) is pleased to announce that it has retained Vent ure Liquidity Providers Inc. (“VLP”) to provide

market-making services. The market making servic e will be undertaken by VLP th rough a registered broker,

W.D. Latimer Co. Ltd. in compliance with TSX V enture Exchange (“TSXV”) policies. VLP will buy and sell

shares of Eloro on the TSXV for the purpose of maintain ing an orderly trading market or providing liquidity in

the Company’s shares.

The term of the agreement is one year and may be te rminated by either party immediately upon receiving

written notice. In consideration of the services to be provided Eloro will pay VLP $5,000 monthly. Following the

initial term, the agreement will automatically renew fo r successive additional 12-month terms. The Company

and VLP are unrelated and unaffiliated entities.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company wi th a portfolio of gold and base-metal properties in

Peru and Quebec. Eloro owns a 90% 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 Tahoe's La Arena Gold Mine.

La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89

square kilometres. The property has good infrastructure with access to road, water and electricity and is located

at an altitude that ranges from 3,100 m to 4,200 m above sea level.

For further information please contact Jorge Estepa, Vice-President of Eloro Resources Ltd. 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 Corporation's pl ans, 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 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, Ontario CANADA M5C 2T6 Tel.: (416) 868-9168 Fax: (416) 361-1333

TSX.V Symbol: ELO www.elororesources.com