Eloro Resources Ltd.

Vancouver, British Columbia--(Newsfile Corp. - August 5, 2026) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) - Growing demand for silver across industrial, technology, and renewable energy applications is increasing attention on large-scale discoveries capable of supporting future supply. Eloro Resources is advancing a major silver and tin polymetallic discovery in southern Bolivia, where ongoing drilling is supporting resource expansion and future engineering studies. With plans to complete up to 50,000 metres of additional drilling, the company continues to advance one of Bolivia's most s...

Key Program Objectives:As previously announced in the Company's press releases dated February 20 and May 7, 2026, the primary objectives of the expansion drilling program are to: Expand and upgrade the 85.17 million tonnes of Indicated Resources and 945.43 million tonnes of Inferred Resources in the Updated MRE.Conduct targeted step-out drilling with 50m spacing within the higher-grade core area of the potential starter pit, aiming to further expand the Indicated Resource.Test the potential down-dip and strike length of known higher-grade Silver-Tin (Ag-Sn)-polymetallic shoots, which remain op...

Key Program Objectives:Expansion Drill Program: The 2026 drilling program at Iska Iska, as part of the Preliminary Economic Assessment (PEA) process, follows the successful completion of the Updated Mineral Resource Estimate (MRE) in late April 2026. Its main objectives are to strategically expand and upgrade the 85.17 million tonnes of Indicated Resources grading 78.38 Ag g/t Eq. and 945.43 million tonnes of Inferred Resources grading 22.04 Ag g/t Eq. in the Updated MRE.Indicated Resource Definition: Targeted step-out drilling with 50m spacing within the higher-grade core area of the Potentia...