Director/PDMR Shareholding

El Oro Ltd (the "Company")

3 June 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 2 June 2016 purchased 15,000 shares in the Company at 51.0 pence per share on his own account. Additionally, Mr Parish transferred 100,000 shares between his personal holding and his pension account.

Following this advice:

Mr CRW Parish has a beneficial holding in the Company of 6,701,275 ordinary shares, representing 10.55% of the Company, together with a non-beneficial holding of 6,698,259 ordinary shares representing 10.55% of the Company. This represents an interest of 21.10% in the total voting rights of the Company.

For further information, please contact:

Fidante Partners (Guernsey) Limited 01481 743940

Christopher Copperwaite

El Oro Ltd www.eloro.com 020 7581 2782

Robin Woodbine Parish, Chairman

Steven McKeane

Registered address: 1 Le Truchot, St Peter Port, Guernsey GY1 1WD