Eloro Resources Reports Strong Step-Out Drill Results Expanding Santa Barbara Mineralization

Eloro Resources Ltd. reported additional assay results from step-out holes DSB-88 and DSB-89 in the Silver-Zinc-Polymetallic Domain of its Santa Barbara starter pit area at the Iska Iska Project, confirming continued mineralization open to the east. The results include 1.72% Zn over 456m in hole DSB-88 and 1.27% Zn, 24.51 g/t Ag, and 0.54% Pb over 154.50m in hole DSB-89, among the strongest intersections to date. CEO Tom Larsen said the drilling is expanding and upgrading resources ahead of the Preliminary Economic Assessment, while Executive VP Dr. Osvaldo Arce noted that the Iska Iska property hosts two near-surface deposits potentially mineable from one large starter pit with a low stripping ratio.

The company maintains an option to acquire a 100% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department in southern Bolivia. A recent NI 43-101 technical report on Iska Iska, completed by Micon International Limited, is available on Eloro's website and under its filings on SEDAR. The property represents a road-accessible, royalty-free opportunity in a region known for substantial mineral deposits.

These latest drilling results are significant because they demonstrate the continuity and strength of mineralization beyond previously defined boundaries, potentially increasing the overall resource estimate and improving the project economics. The combination of substantial zinc grades with meaningful silver and lead values across wide intercepts suggests a robust polymetallic system that could support a substantial mining operation. The low stripping ratio mentioned by company executives indicates favorable economics for potential open-pit mining operations.

Eloro Resources also maintains an 82% interest in the La Victoria Gold/Silver Project located in the north-central mineral belt of Peru, approximately 50 kilometers south of the Lagunas Norte Gold Mine and the La Arena Gold Mine. The company's diversified portfolio across Bolivia, Peru, and Quebec provides multiple opportunities for resource development and value creation. The latest news and updates relating to the company are available in its newsroom at https://ibn.fm/ELRRF.

The importance of these results extends beyond immediate resource expansion, as they contribute to the growing understanding of the Iska Iska geological system and support the upcoming Preliminary Economic Assessment. Strong step-out results like these typically increase investor confidence and can positively impact project valuation. The confirmation of mineralization continuity in multiple directions provides geological assurance for resource modeling and mine planning purposes, reducing technical risk as the project advances toward development decisions.