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Eloro Resources Intersects 122 7 g Ag eq/t over 123 6m and

S = Surface UG=Underground; collar coordinates in metres; azimuth and dip in degrees. Total drilling completed since the start of the program on September 13, 2020 is 14,346.7m in 33 holes (13 underground holes and 20 surface holes) with one underground and two surface holes in progress. Qualified Person Dr. Osvaldo Arce, P. Geo., General Manager of Minera Tupiza S.R.L., and a Qualified Person in the context of National Instrument 43-101 (“NI 43-101”), has reviewed and approved the technical content of this news release.   Dr. Bill Pearson, P.Geo., Executive Vice President Exploration Eloro, and who has more than 45 years of worldwide mining exploration experience including extensive work in South America, manages the overall technical program in consultation with Dr. Quinton Hennigh, P.Geo., Senior Technical Advisor to Eloro and Independent Technical Advisor, Mr. Charley Murahwi P. Geo., FAusIMM of Micon International Limited.

Eloro Resources Intersects 129 6 Grams Silver Equivalent per Tonne over 257 5m in Extensive Silver-Polymetallic Mineralization in Santa Barbara Breccia Pipe, at its Iska Iska Property, Potosi Department, Southern Bolivia

Eloro Resources Intersects 129.6 Grams Silver Equivalent per Tonne over 257.5m in Extensive Silver-Polymetallic Mineralization in Santa Barbara Breccia Pipe, at its Iska Iska Property, Potosi Department, Southern Bolivia January 26, 2021 07:00 ET | Source: Eloro Resources Ltd. Eloro Resources Ltd. TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce additional results from its diamond drilling program at its optioned Iska Iska Silver-Polymetallic Project (“Iska Iska”) in the Potosi Department, southern Bolivia. To date, through its Bolivian subsidiary, Minera Tupiza S.R.L. (“Minera Tupiza”), Eloro has completed 20 holes totalling 5,573m metres from both underground (12) and surface drill holes (8). Results from the first five underground holes were reported on November 18, 2020. This release reports results for 10 additional holes. Due

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