Director/PDMR Shareholding

El Oro Ltd (the "Company")

26 November 2013

Directors Shareholding

The Company has been informed of the following transactions in its ordinary shares by a Director of a subsidiary company (El Oro and Exploration Company Limited) on 18 and 21 November 2013 as follows:

Mr CRW Parish, an executive Director of the Company, on 18 November 2013 sold 118,605 ordinary shares in the Company at 82.5 pence per share, of which 103,605 ordinary shares were sold to the Company's Treasury Account. Additionally, a holding of 1,050 ordinary shares were also sold to the Company's Treasury Account from an Executor's holding.

Mrs EW Houston, a non-executive Director of the subsidiary company, on 21 November 2013 transferred 108,693 ordinary shares in the Company at 81.47 pence per share between family trusts.

Mr CRW Parish, an executive Director, on 21 November 2013 transferred 108,693 ordinary shares in the Company at 81.47 pence per share as a Trustee for family trusts.

Following these transactions:

Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,260,641 ordinary shares representing 9.70% of the Company together with a non-beneficial holding of 10,550,318 ordinary shares representing 16.34% of the Company. This represents an interest of 26.04% in the total voting rights of the Company.

Mrs EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 6,231,574 representing 9.65% of the Company together with a non-beneficial holding of 3,852,059 ordinary shares representing 5.97% of the Company. This represents an interest of 15.62% in the total voting rights of the Company.

Total voting rights:

The Company now holds 200,035 ordinary shares in Treasury. Accordingly, the current issued share capital (excluding Treasury Shares) consists of 64,457,305 ordinary shares with voting rights. Shareholders may use this figure as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

Dexion Capital (Guernsey) Limited 01481 732814

Gillian Newton

El Oro Ltd 020 7581 2782 www.eloro.com 

Robin Parish, Chairman

Steven McKeane