Director/PDMR Shareholding

El Oro Ltd (the "Company")

9 June 2016

Directors Shareholding

The Company has been informed of the following transactions in its ordinary shares by a Director as follows:

Mr CRW Parish, an executive Director, on 3 June 2016 purchased 58,170 shares in the Company at 51.0 pence per share on his own account and also on 6 June 2016 purchased 20,000 shares in the Company at 51.0 pence per share on his own account. Additionally, Mr Parish transferred 80,000 shares between his personal holding and a pension account on 8 June 2016.

Following this advice:

Mr CRW Parish has a beneficial holding in the Company of 6,779,445 ordinary shares, representing 10.67% of the Company, together with a non-beneficial holding of 6,698,259 ordinary shares representing 10.55% of the Company. This represents an interest of 21.22% in the total voting rights of the Company.

For further information, please contact:

Fidante Partners (Guernsey) Limited 01481 732815

Christopher Copperwaite

El Oro Ltd www.eloro.com 020 7581 2782

Robin Woodbine Parish, Chairman

Steven McKeane

Registered address: 1 Le Truchot, St Peter Port, Guernsey GY1 1WD