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ELO.TO ·

Mr. Charles Luis Fyfe Alvarado Appointed to Eloro Resources Ltd. Advisory Board

Management Changes

Mr. Charles Luis Fyfe Alvarado Appointed to Eloro Resources Ltd. Advisory Board

Toronto, Canada, September 5, 2017 – Eloro Resources Ltd. (TSX -V: ELO; FSE: P2Q ; “Eloro” or the “Company”) is pleased

to announce that Mr. Charles L. Fyfe A. (“Charles Fyfe”) has joined the Advisory Board of Eloro Resources Ltd . as Senior

Business Advisor.

Charles is an Anglo-Peruvian, holding both British and Peruvian citizenship, and is a well -regarded financial and business

consultant. Over the past 25 years, he has worked extensively in mergers, acqu isitions, divestitures, corporate finance,

brokerage, and financial restructuring for major Peruvian mining companies as well as the Peruvian subsidiaries of European

banks. He was also Director of the Lima Stock Exchange.

Charles is currently the Deputy General Manager of Sierra Antapite SAC, owner of the Antapite Mine , a 1000 tonne per day

low-sulphidation epithermal gold and silver deposit, with similarities to Eloro’s 100% owned La Victoria Gold/Silver Project. He

is a Director of GEMIN Associates, an integrated mining engineering/mine development consultancy, and works with Mr.

Graham Speirs, P.Eng., a production -focused mining engineer also on the Eloro Advisory Board. Charles also holds a senior

management role with Denarius Mining SAC, the Peruvian distributor of mining equipment, and Denarius SAC, a financial

and corporate consulting firm.

“We are delighted to have Charles Fyfe on the Eloro Advisory Board”, said CEO Thomas G. Larsen, “ as he adds an

incredible depth of Peruvian and International business acumen that will greatly benefit the ongoing development of the La

Victoria Gold/Silver Project”.

Charles Fyfe said, “I am happy to be on the Eloro Resources Ltd . Advisory Board, and am looking forward to working with the

company in their Peruvian endeavours going forward.”

Charles joins Chief Technical Advisor William N. (Bill) Pearson, Ph.D. P.Geo; Technical Advisor Graham Spiers, P.Eng.;

Consulting Geophysicist Chris Hale, Ph.D., P.Geo.; Consulting Geoscientist Osvaldo Arce B., Ph.D.; and Senio r Corporate

Advisor James Steel MBA P.Geo. on the Eloro Advisory Board.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company which recently acquired 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 89.3

square kilometres and is within 50 km of several large, low -cost producing gold mines, with three producers visible from the

property. Infrastructure in the a rea 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 Thomas Larsen, President and CEO or Jorge Estepa, Vice -President of Eloro

Resources Ltd at (416) 868-9168.

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

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 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 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 Fax: (416) 361 -1333

TSX.V Symbol: ELO www.elororesources.com