Eloro Resources Ltd.
TSX VENTURE : ELO

Eloro Resources Ltd.

March 29, 2006 17:58 ET

Eloro Resources Ltd. to Grant Options

TORONTO, ONTARIO--(CCNMatthews - March 29, 2006) - Eloro Resources Ltd. ("Eloro" or the "Corporation")(TSX VENTURE:ELO) announces that it has reserved a price of $0.40 per share for the grant of stock options to acquire up to 100,000 common shares of the Corporation (the "Stock Options"). The Stock Options will be granted to a consultant of the Corporation. Each Stock Option entitles the holder thereof to acquire one (1) common share of the Corporation at an exercise price of $0.40 per common share prior to the close of business on March 29, 2011. The grant of the Stock Options is subject to regulatory approval.

The TSX Venture Exchange Inc. 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 Chief Executive Officer
    (416) 868-9168
    (416) 361-1333 (FAX)
    or
    Eloro Resources Ltd.
    Jorge Estepa
    Vice President
    (416) 868-9168
    (416) 361-1333 (FAX)
    www.elororesources.com