Director/PDMR Shareholding

El Oro Ltd (the "Company")

18 July 2014

Directors Shareholding

The Company has been informed of the following transactions in its ordinary shares by a Director on 17 July 2014 as follows:

Mr CRW Parish, an executive Director, on 15 July 2014 purchased 202,995 ordinary shares in the Company at 70.0 pence per share and 9,600 ordinary shares in the Company at 73.0 pence per share for his personal holding. Additionally, Mr Parish on 17 July 2014 purchased 42,000 ordinary shares in the Company at 70.0 pence per share for his own and one other family SIPP.

Following this advice:

Mr CRW Parish has a beneficial holding in the Company following the notification of the record keeping discrepancy of 6,884,775 ordinary shares, representing 10.68% of the Company, together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 27.22% 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