Director/PDMR Shareholding

El Oro Ltd (the "Company")

19 October 2015

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 16 October 2015 bought 20,000 ordinary shares in the Company at 41.5 pence per share on his own account.

Following this advice:

Mr CRW Parish has a beneficial holding in the Company of 6,724,775 ordinary shares, representing 10.44% of the Company, together with a non-beneficial holding of 9,777,091 ordinary shares representing 15.18% of the Company. This represents an interest of 25.62% in the total voting rights of the Company.

Following the cancellation of the 296,050 shares purchased on 16 October 2015 by the Company for cancellation, Mr Parish's holdings will be as follows:

Mr CRW Parish has a beneficial holding in the Company of 6,724,775 ordinary shares, representing 10.49% of the Company, together with a non-beneficial holding of 9,777,091 ordinary shares representing 15.25% of the Company. This represents an interest of 25.74% 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