Director/PDMR Shareholding

El Oro Ltd (the "Company")

7 December 2015

Directors Shareholding

The Company has been informed of the following transactions in its ordinary shares by a Group Company Director on 2 December 2015 as follows:

Mrs EW Houston, a non-executive Director of a subsidiary (El Oro and Exploration Company Limited), on 2 December 2015 transferred 60,000 ordinary shares in the Company at 45.0 pence per share between family accounts.

Following these transactions:

Mrs EW Houston has a beneficial holding in the Company, following the notification of these transactions, of 6,002,881 representing 9.36% of the Company together with a non-beneficial holding of 3,108,832 ordinary shares representing 4.85% of the Company. This represents an interest of 14.21% in the total voting rights of the Company.

For further information, please contact:

Dexion Capital (Guernsey) Limited 01481 732814

Christopher Copperwaite

El Oro Ltd 020 7581 2782 www.eloro.com