Director/PDMR Shareholding

El Oro Ltd (the "Company")

15 March 2016

Directors Shareholding

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

Mr CRW Parish, an executive Director, on 14 March 2016 reorganised some shareholdings on his personal holdings and within his family trusts. The sale of 63,400 and repurchase of 63,400 ordinary shares in the Company at 48.0 pence per share resulted in no change to his beneficial ownership in the ordinary shares of the Company.

Following this advice:

Mr CRW Parish has a beneficial holding in the Company of 6,686,275 ordinary shares, representing 10.43% of the Company, together with a non-beneficial holding of 9,777,091 ordinary shares representing 15.25% of the Company. This represents an interest of 25.68% in the total voting rights of the Company.

For further information, please contact:

El Oro Ltd 020 7581 2782 www.eloro.com 

Robin Parish, Chairman

Steven McKeane

Dexion Capital (Guernsey) Limited 01481 732814

Chris Copperwaite