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    El Oro Ltd - Director/PDMR Shareholding

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    El Oro Ltd (the "Company")

    10 May 2012

    Directors Shareholding

    The Company has been informed of the following transaction in its ordinary shares by a Director on 8 May 2012 as follows:

    Mr RE Wade a non-executive Director of the Company bought 10,000 ordinary shares in the Company at 114.5 pence per share.

    Following this transaction:

    Mr RE Wade has a beneficial holding in the Company following the notification of these transactions, of 467,268 ordinary shares representing 0.72% of the Company. This represents an interest of 0.72% in the total voting rights of the Company.

    For further information, please contact:

    Dexion Capital (Guernsey) Limited 01481 732814

    Gillian Newton

    El Oro Ltd 020 7581 2782 www.eloro.com

    Robin Parish, Chairman

    Steven McKeane

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