Director/PDMR Shareholding

El Oro Ltd (the "Company")

8 April 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 4 April 2013 as follows:

Mrs EW Houston, a non-executive Director of the subsidiary company, transferred 39,800 ordinary shares in the Company at £0.94 per share between family trusts.

Dealing within a close period is permitted under CISX Model Code Appendix VI.2(f) where the beneficial interest in the relevant security of the Company does not change.

Following this transaction:

Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,379,246 ordinary shares representing 9.87% of the Company together with a non-beneficial holding of 10,614,711 ordinary shares representing 16.42% of the Company. This represents an interest of 26.29% 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 6,162,681 representing 9.53% of the Company together with a non-beneficial holding of 3,920,952 ordinary shares representing 6.06% of the Company. This represents an interest of 15.59% 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