Net Asset Value(s)

El Oro Ltd

21 October 2016

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

Immediate Announcement: Net Asset Value 

Valuation date 30 September 2016

Currency GBP

NAV 86.7 pence

Share Price (mid) 65.0 pence

Discount 25.0 %

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

For further information, please contact:

Aztec Financial Services (Guernsey) Limited 01481 744831

Chris Copperwaite

El Oro Ltd www.eloro.com 020 7581 2782

Robin Woodbine Parish, Chairman

Una Ni Dhonaill

Registered address: East Wing, Trafalgar Court, Les Banques, St Peter Port, GY1 3PP

End of announcement