Eloro Resources Ltd.
TSX VENTURE : ELO

Eloro Resources Ltd.

March 19, 2009 14:52 ET

Eloro Announces New Appointment

TORONTO, ONTARIO--(Marketwire - March 19, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES.

Eloro Resources Ltd. (TSX VENTURE:ELO) (the "Company" or "Eloro") is pleased to announce the appointment of Mr. John Langton, M.Sc., P.Geo. as Vice President, Exploration. Mr. Langton has been serving as Eloro's Exploration Manager - Ontario since January 2008. A structural geologist, he brings over 20 years of experience in mapping, exploration and resource database management.

Mr. Langton received his Bachelor of Science in Geology from the University of New Brunswick in 1985 and a Master of Science (Geology) Degree from Queen's University, in 1993 and subsequently worked with the Geological Surveys Branch of New Brunswick as Assistant Regional Geologist. He has 22 years of experience in geological mapping, GIS, and digital data-management, and a history of involvement with exploration companies and prospectors in the structural and stratigraphic interpretation of their properties. Mr. Langton is a Registered Professional Geoscientist and a member of the Association of Professional Engineers and Geoscientists of New Brunswick and a temporary member of the Ordre des Geologues du Quebec. His experience in exploration will be beneficial in evaluating and prioritizing Eloro's portfolio of properties.

Mr. Langton replaces Jeff Hussey B.Sc., P.Geo., who has chosen to focus on his continuing role as Vice President of Exploration, Iron Ore Projects for Champion Minerals Inc. (TSX VENTURE:CHM).

"On behalf of the board of directors and management team at Eloro, I would like to congratulate Mr. Langton on his appointment, knowing that he brings a proven track record in mineral exploration and structural studies which will be put to good use on Eloro's current projects," stated Thomas Larsen, President and CEO of Eloro. "I would also like to thank Mr. Hussey for his contributions and efforts and wish him continued success at Champion Minerals Inc.," added Mr. Larsen.

About Eloro Resources Ltd.

Eloro is a junior exploration company focused on discovering and developing precious and base metal quality resources in the James Bay and uranium resources in the Otish Basin districts of northern Quebec, and base and precious metals in the Timmins Camp of northern Ontario. Eloro currently has eleven gold-copper-silver properties (1,062 claims) covering 548 km2 in the La Grande and Eastmain Greenstone Belts, proximal to Goldcorp's Eleonore Gold Prospect. Eloro also has an option to earn a 50% interest in 31 claims held by Virginia Mines Inc. Eloro also owns 90 km2 of prospective uranium holdings in 10 properties (175 claims). The Timmins area holdings include both the prospective Hurdman Zinc-Silver-Gold Property, and the 30 km2 McArthur Lake Nickel Property. Eloro also acquired 4 oil and gas permits, the Charlevoix Property, located in the Charlevoix area along on the northern shore of the St. Lawrence River, 75 km NE of Quebec City, Quebec. The Charlevoix Property encompasses 534 km2 along a segment of the same Paleozoic Basin that hosts the current Quebec "gas play" in the Utica Shale.

For all Eloro investor relations needs, investors are asked to visit the Eloro Resources IR Hub at http://www.agoracom.com/ir/eloro where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to elo@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

Statements in this release that are not historical facts are "forward-looking statements" and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Eloro Resources Ltd.
    Thomas G. Larsen
    President and CEO
    (416) 868-9168
    or
    Eloro Resources Ltd.
    Jorge Estepa
    Vice-President
    (416) 868-9168
    www.elororesources.com