Directors Shareholding

El Oro Ltd (the "Company")

12 February 2014

Directors Shareholding

The Company has been informed that a previously notified transaction in its ordinary shares by a Group Company Director on 7 January 2014 as follows, was not concluded.

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 from his personal holding.

Following this update:

Mr CRW Parish has a beneficial holding in the Company, following the notification of these transactions, of 6,677,085 ordinary shares representing 10.36% 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 26.90% 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