Eloro Resources Ltd. Adjusts Payment Terms for Iska Iska Project and Updates Adjacent Property Agreement

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has announced amendments to the payment terms for acquiring a 100% interest in the Iska Iska silver-tin polymetallic project in southern Bolivia, in agreement with Empresa Minera Villegas S.R.L. The revised terms include crediting US$1.8 million of the remaining US$4.45 million towards exploration spending on the adjacent Mina Casiterita property, with cash payments of US$1 million and US$1.65 million due in 2025 and 2026, respectively. Additionally, the agreement for the Mina Casiterita and Mina Hoyada option has been updated, requiring a US$1.8 million payment within 12 months of securing mining rights and the issuance of 200,000 Eloro shares upon property transfer.

This adjustment in payment terms and the updated adjacent property agreement reflect Eloro Resources Ltd.'s strategic approach to managing its financial obligations while advancing its mining projects. The Iska Iska project, recognized as a significant polymetallic epithermal-porphyry complex, is a key asset in Eloro's portfolio, located in the mineral-rich Potosi Department of southern Bolivia. The company's proactive financial planning underscores its commitment to developing its mining interests efficiently and sustainably.