Director/PDMR Shareholding

El Oro Ltd (the "Company")

23 January 2013

Directors Shareholding

The Company has been informed of the following transactions in its ordinary shares by a Director of the Company on 9 January 2013 as follows:

Mr CRW Parish, an executive Director of the Company, on 9 January 2013 purchased 7,000 ordinary shares in the Company at £0.98 per share.

Following this transaction:

Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,379,246 ordinary shares representing 9.87% of the Company together with a non-beneficial holding of 10,654,511 ordinary shares representing 16.48% of the Company. This represents an interest of 26.34% 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