Director/PDMR Shareholding

El Oro Ltd (the "Company")

23 December 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 22 December 2015 reorganised some shareholdings on his personal holdings and within his family trusts. The resulting sales and purchases of 102,000 ordinary shares in the Company at 50.0 pence per share resulted in no change to either his beneficial or non-beneficial ownership in the total voting rights of the Company.

Following this advice:

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