Director/PDMR Shareholding

El Oro Ltd (the "Company")

9 January 2014

Directors Shareholding

The Company has been informed of the following transactions in its ordinary shares by Group Company Directors on 3 and 7 January 2014 as follows:

Mrs EW Houston, a non-executive Director of a subsidiary (El Oro and Exploration Company Limited), on 3 January 2014 transferred 123,280 ordinary shares in the Company at 79.5 pence per share between family accounts and trusts.

Mr CRW Parish, an executive Director, on 3 January 2014 transferred 108,693 ordinary shares in the Company at 79.5 pence per share as a Trustee for family trusts.

Mr CRW Parish, an executive Director of the Company, on 7 January 2014 sold 100,000 ordinary shares in the Company at 81.0 pence per share and transferred 100,000 into a family trust from his personal holdings.

Following these transactions:

Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,577,085 ordinary shares representing 10.20% of the Company together with a non-beneficial holding of 10,659,011 ordinary shares representing 16.54% of the Company. This represents an interest of 26.74% 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 6,122,881 representing 9.50% of the Company together with a non-beneficial holding of 3,960,752 ordinary shares representing 6.14% of the Company. This represents an interest of 15.64% 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