Director/PDMR Shareholding

El Oro Ltd (the "Company")

22 June 2012

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 8 June 2012 as follows:

Mrs EW Houston, a non-executive Director of the subsidiary company, sold 15,500 ordinary shares in the Company at £1.10 per share. This sale of 15,500 ordinary shares was in three lots from a family trust in lots of 1,800; 6,400 and 7,300 to Mrs EW Houston's children.

Following this transaction:

Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,366,246 ordinary shares representing 9.85% of the Company together with a non-beneficial holding of 10,654,511 ordinary shares representing 16.48% of the Company. This represents an interest of 26.32% 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 6,134,131 representing 9.49% of the Company together with a non-beneficial holding of 3,960,752 ordinary shares representing 6.13% of the Company. This represents an interest of 15.61% in the total voting rights of the Company.

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