Net Asset Value - 31 August 2013

El Oro Ltd

7 October 2013

El Oro Ltd. ("the Company") Registration No: 49778

Immediate Announcement: Net Asset Value 

Valuation date 31 August 2013

Currency GBP

NAV 102.0 pence

Share Price (mid) 77.5 pence

Discount 24.0 %

Please note that there was an adjustment to the 30 June 2013 and 31 July 2013 Net Asset Value following updated information in unlisted security valuations at 30 June: from 93.9 pence to 92.4 pence and from 98.1 pence to 96.6 pence respectively. These changes have now been reflected on the Company's website.

The Company's Share Price can be found at www.cisx.comand also on SETSqx [ticker - ELX].

For further information, please contact:

C Robin Woodbine Parish: Chairman

El Oro Ltd www.eloro.com 020 7581 2782

Robin Woodbine Parish, Chairman

Steven McKeane

Dexion Capital (Guernsey) Limited 01481 732814

Gillian Newton

Registered address: 1 Le Truchot, St Peter Port, Guernsey GY1 1WD

End of announcement