Change of Administrator

El Oro Ltd (the "Company")

27 September 2016

Change of Administrator

Following a strategic review by Fidante Partners (Guernsey) Limited and discussions with the Company, the Company has appointed Aztec Financial Services (Guernsey) Limited ('Aztec') as its Administrator in Guernsey effective immediately. The key staff that have provided administrator and company secretarial services to the Company have transferred to Aztec, thus providing continuity of services.

The Company's registered office will also change to East Wing, Trafalgar Court, Les Banques, St Peter Port, Guernsey on 28 September 2016.

For further information, please contact:

El Oro Ltd 020 7581 2782 www.eloro.com

Robin Parish, Chairman

Una Ni Dhonaill

Aztec Financial Services (Guernsey) Limited 01481 748831

Chris Copperwaite

Kellie Blondel