Eloro Resources Ltd: Eloro Resources Ltd. exploration and mine development company with new project

100% undivided interest in the La Victoria Gold/Silver Project, Peru

Toronto, ON (pta016/15.07.2016/12:12 UTC+2) Eloro Resources Ltd. is an exploration and mine
development company that recently executed an agreement
to acquire a 100% undivided interest in the La Victoria
Gold/Silver Project in Ancash, Peru. The La Victoria
Gold/Silver Project encompasses approximately 35 square
kilometres in ten contiguous exploration concessions in
Peru's NorthCentral Mineral Belt.

Eloro is aggressively pursuing a surface exploration program
of depositscale mapping, infill geophysics, and alteration
studies, to qualify previously reported exploration results as
relevant to a bulktonnage heapleach deposit model.
The La Victoria Project has excellent infrastructure with easy
road access, abundant water and an industrial power corridor
some 4.3 km from the site. The Project is within 50 km of
several worldclass producing mines including: the Tahoe
Resources Inc. La Arena & Shahuindo gold deposits; Barrick
Gold's Lagunas Norte (Alto Chicama) gold deposit and pastproducing
Pierina gold deposit; and, the Santa Rosa gold
mine, owned by Compañia Minera Aurifera Santa Rosa
(COMARSA).

Eloro is the only publicly traded junior Canadian company in
this worldclass jurisdiction of lowcost gold mines.

Recent Developments
June, 2016 - Eloro commenced detailed surface exploration
program to aid in potential deposit understanding for the
upcoming drill program.
May, 2016 - Eloro announces proposed acquisition of 100%
interest in La Victoria property.
May, 2016 - Eloro completes $400,000 financing.
December, 2015 - Eloro appoints Dr. William ("Bill") Pearson,
P. Geo. as Chief Technical Advisor.

Salient Value Points
La Victoria Gold/Silver Project - Peru
Four current target areas already identified: Rufina West
(Au oxide to 46.4 g/t); Rufina East (Au sulphide to 63.8
g/t); San MarkitoVictoria (Ag oxide to 1,814 g/t); Ccori
Orcco (Au to 2.7 g/t exploration).
Three deposit target types already identified: San
MarkitoVictoria (breccia/vein); Rufina (bulk tonnage
vat/heap leach); Ccori Orcco (porphyry).
Geological setting similar to producing mines in the area,
presents excellent potential for epithermal precious
metal and porphyrystyle copper mineralization.
Detailed surface works including sampling, mapping, and
infill geophysics are underway!

Share Structure Information
TSX Venture: ELO
FSE: P2Q
Share Price (5/7/2016)
ELO (TSX Venture): $0.31
Market Capitalization (6/3/2016): $6.29M
Share Data
Shares outstanding: 20.3M
Warrants (2.43M) and options (1.55M): 3.98M
Fully diluted: 24.28M

La Victoria Gold/ Silver Project, Ancash, Peru PRIORITY 1
The Eloro Management Team has a proven ability to create value from mining projects. Eloro intends to focus efforts on
the highly prospective La Victoria property, where Eloro announced on May 30, 2016, its proposed acquisition of a 100%
interest in the project. Twelvemonth goals are as follows:
Eloro's Quebec Holdings

Quebec, Canada Projects PRIORITY II
Eloro owns several gold/basemetal exploration properties in the La Grande and Eastmain greenstone belts in northwestern
Quebec, including the Delta / Eastmain property located 35 km south of Goldcorp's Eleonore Gold Project and
the Lemoyne North Project in the La Grande greenstone belt (100 km northeast of Eleonore Gold Project). These
properties are highly prospective for gold in an emerging gold production and basemetal exploration district. The
Lemoyne North Project hosts numerous gold and basemetal occurrences, including 7 untested "CARDS" gold targets.
CARDS is a "Computer Aided Resource Detection System", developed by DIAGNOS Inc., which helps identify areas with
high probabilities of similarity to known areas of mineralization, allowing prioritization of target area in the exploration
process.

FORWARD LOOKING STATEMENTS Certain information contained herein regarding Eloro Resources Ltd., including management's assessment of future plans and operations, may constitute forwardlooking
statements under applicable securities law and necessarily involve risks, including but not limited to risks associated with mining exploration, operating costs, production costs, volatility of
share prices, currency fluctuations, imprecision of resource and reserve estimates, environmental risks and ability to access sufficient capital from internal and external sources.
As a consequence, actual results may differ materially from those anticipated in any forward looking statements. Plans, intentions or expectations disclosed in any forwardlooking statements or
information should not be read as guarantees of future results or events, and will not necessarily be accurate indications of whether or when or by which such results or events will be achieved.
Except as required by law, Eloro Resources Ltd., expressly disclaims any intention and undertakes no obligation to update any forward looking statements or information as conditions change.
The historical mineral resources mentioned are strictly historical in nature and are noncompliant to National Instrument 43101 mineral resources and mineral reserves standards, and should
therefore not be relied upon. A qualified person has not done sufficient work to upgrade or classify the historical mineral resources as current National Instrument NI43101 compliant.

Detailed depositscale mapping and
sampling of major targets for alteration,
fluid inclusion, petrography, and deposit
type studies under agreement with
University of Western Ontario, Canada
Exploration drill program at San
Markito/Victoria oxide silver breccia to
determine silver/gold content and
depth extent.
Phase II 6,000m drill programs to define
grade continuity at Rufina West oxide
target and generate maiden resource.
Preliminary Economic Assessment for
Rufina West with initial pit design,
infrastructure & deposit economics at
PEA level.

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Emitter:	Eloro Resources Ltd 20 Adelaide Street East, Suite 200 M5C 2T6 Toronto, ON Canada
Contact Person:	Dorothea Neitzel
Phone:	+49-6321 95600-21
E-Mail:	eloro@proseo-consulting.de
Website:	www.elororesources.com
ISIN(s):	CA2899003008 (Share)
Stock Exchange(s):	Free Market in Frankfurt