Eloro Resources Ltd.
TSX VENTURE : ELO
FRANKFURT : P2Q

Eloro Resources Ltd.

June 03, 2016 17:00 ET

Eloro Resources Announces Changes to Management

TORONTO, CANADA--(Marketwired - June 3, 2016) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro") announces the resignations of Mr. John Langton as President of the Company and Mr. Martin Bourgoin as Eloro's Executive Vice President, Exploration, effective immediately, in order to focus on their continuing roles as principals of MRB & Associates, Geological Consultants based in Val d"or, Quebec. The Company is pleased to announce that Messrs. Langton and Bourgoin have agreed to remain as consultants to the Company on an as needed basis. The Company would like to express its thanks to both Mr. Langton and Mr. Bourgoin for their many contributions throughout their tenure. Eloro's current Chief Executive Officer and Chairman, Mr. Thomas Larsen, has been appointed as interim President.

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in northern Peru and western Quebec. Eloro recently announced its proposed acquisition of a 100% undivided interest in the La Victoria property, located in the prolific North-Central Mineral Belt of Peru. The La Victoria Property consists of two adjacent, but not contiguous, properties totalling eight mining concessions encompassing approximately 35 square kilometres. The Property is within 50 kilometres of several producing gold mines, with three producers visible from the property. Infrastructure in the area is good with access to road, water and electricity and is located at an altitude that ranges from 3,100 m to 4,200 m above sea level.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Corporation's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Corporation. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Eloro Resources Ltd.
    Thomas G. Larsen
    President and CEO
    (416) 868-9168

    Eloro Resources Ltd.
    Jorge Estepa
    Vice-President
    (416) 868-9168
    www.elororesources.com