Eloro Resources Ltd. · TSX:ELO

Eloro Resources — Investor Presentation (September 2011)

25 slides from Eloro Resources's investor presentation, September 2011

1. Slide 1: Corporate Presentation – Marketing in Europe

   CANADA QUEBEC Val-d'Or Montreal Toronto New York Corporate Presentation Marketing in Europe TSX-V: ELO September 2011 FSE: P2Q

2. Slide 2: Cautionary Note Regarding Forward-Looking Statements

   CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain information contained herein regarding Eloro Resources Ltd., including management’s assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks, includi

3. Slide 3: Eloro Resources Ltd.

   Eloro Resources Ltd. Eloro Resources is an exploration and mine development company with a portfolio of gold and base metal properties in northern and western Quebec and Ontario. The Company is focused on CANADA expanding the historic gold resources QUEBEC at the past-producing Simkar Gold Val-d'Or

4. Slide 4: Experienced Management Team

   Experienced Management Team Management Board of Directors Thomas Larsen Thomas Larsen President and CEO Chairman Miles Nagamatsu Alex Horvath, P.Eng. Chief Financial Officer Director Jorge Estepa Francis Sauve Vice President and Secretary-Treasurer Director Martin Bourgoin, P.Geo. Paul Ankcorn Execu

5. Slide 5: Share Structure

   Share Structure Exchange/Ticker TSX Venture Exchange/ELO Frankfurt Stock Exchange/P2Q (WKN A1JKAT) Shares Issued and 42.0 million Outstanding Warrants 2.7 million Options 1.4 million Fully Diluted 46.1 million Share Price $0.16 (August 19, 2011) Market Capitalization $6.7 million Debt Zero Completed

6. Slide 6: Gold Price Performance

   Gold Price Performance 10 Year Gold High 1853.16 Low 271.56 2000 2000 1800 1800 1600 1600 8 1400 1400 5 1200 1200 S 1000 1000 & 800 800 i=] 2 600 600 400 400 200 200 0 www, kitco,com , od OM co Tt it a aed co n o aoe! o> > > > & > ca) co o aon! od oO o » » » » » » » » » =z =z =z z =z = = = = = = Bas

7. Slide 7: Eloro Resources' Exploration Portfolio

   Eloro Resources’ Exploration Portfolio Simkar Gold Property • Flagship project located 20 km east of Val-d’Or, (Core Property) Quebec; acquired from Megastar Development (completed February 2011) • Former gold producing property • Geologically similar to the 9 million ounce Sigma- Lamaque gold depos

8. Slide 8: Prolific Mining District

   Prolific Mining District Historical Gold Produced: 175 M Oz. DOYON LARONDE LAPA KIENA GOLDEX SIGMA-LAMAQUE Cadillac Malartic HYW Operating Gold Mines (9) 117 Development Projects (4) Val-d'Or Past Producing Gold Mines Operating Mills (7) SIMKAR Towns 10 km Trans Canada Highway 117 Simkar is well loc

9. Slide 9: Proven Gold Producing District

   Proven Gold Producing District Nearby Mines Contain Over 20 M Ounces of Gold Reserves Cadillac IAMGOLD AGNICO-EAGLE AGNICO-EAGLE Goldex Mine Westwood Lapa Mine Malartic IAMGOLD Doyon Mine HYW 117 Val-d'Or AGNICO-EAGLE Laronde Mine OSISKO MINING SIMKAR Canadian Malartic WESDOME Kiena Mine CENTURY MIN

10. Slide 10: Simkar Gold Property

    Simkar Gold Property • Former gold producing mine with 140,000 ounces remaining above the 200 m level (NI 43-101 compliant inferred resources). - Simkar was partially mined of 55,000 ounces of gold - Simkar Property includes existing mine shaft and workings and significant exploration potential belo

11. Slide 11: Simkar Gold Property – Potential at Depth

    Simkar Gold Property – Potential at Depth SIMKAR 10 km SIGMA GOLD MINE SURFACE -200 m LEVEL 5 BLUE SKY POTENTIAL -400 m LEVEL 10 -600 m LEVEL 15 Cross Sectional View (Looking West) -800 m LEVEL 20 MINED TO LEVEL 40 @ 2000 m 11

12. Slide 12: Significant Drill Results

    Significant Drill Results Selected 2011 Drilling Results Hole From (m) To (m) Interval1 (m) Avg. Gold2 (g/t) SK11-07 13.60 16.00 2.40 4.35 SK11-09 764.00 771.00 7.00 3.14 incl. 764.00 765.90 1.90 8.10 SK11-12 8.50 11.00 2.50 1.59 SK11-12 18.70 19.30 0.60 15.55 SK11-13 127.50 131.00 3.50 1.91 1 Inter

13. Slide 13: Simkar Gold Property – Cross Section

    Simkar Gold Property – Cross Section 13

14. Slide 14: Simkar Gold Property – Longitudinal Section

    Simkar Gold Property - Longitudinal Section 14

15. Slide 15: Production Ready?

    Production Ready? Existing Capital Equipment and Infrastructure Simkar Gold Property Assets 1) Underground drifts: 7,400 m 2) Shaft: 300 metres 3) Historical drilling: 33,000 m 4) Completed 8,325 m of drilling in 2009/2010 - 10,000 metres of drilling planned for 2011 NI 43-101 Gold Resources (Inferr

16. Slide 16: Why the Simkar Gold Property?

    Why the Simkar Gold Property? • Acquisition completed– Eloro holds a 100% interest • 140,000 ounces of gold resource above the 200-metre level • Significant drilling results obtained in 2010 and 2011 - Ongoing aggressive exploration program • Existing underground infrastructure (millions in investme

17. Slide 17: James Bay Properties - Quebec

    James Bay Properties - Quebec • Delta/Eastmain (Cu-Au-Ag-Zn) – 100% ELO • Summit Gaber – (Cu-Au-Ag-Pt-Pd) – 100% ELO (Partnered with Shield Gold) • Sakami (Cu-Au) – 100% ELO • Lemoyne North (Cu-Au) – 100% ELO (Government mapped the area in 2009/2010) 17

18. Slide 18: James Bay Properties

    +450 000 LAGRANDE SUD 4.0 Mt @ 2.70 git Au OLDCORP'S ELEONORE DEPOSIT 25.26 gh Au/ 15.00 m 48.67 git Au/ 7.25 m 15.12. git Au (4.75 m NTS 336 | +550 000 650 000 700 000 Frisssc POSTE LEMOYNE OFEE ZONE 203 483t @ 14.50 git Au CORVET EAST 10.29 % git Au over 4.75 m 5.12% gft Au over 13.40 m CORVET WES

19. Slide 19: Delta/Eastman Properties

    Delta/Eastman Properties 19

20. Slide 20: 2011 Exploration Plan

    2011 Exploration Plan Focus on Simkar Gold Property • Executing a two-phase 10,000-metre surface drilling program to determine the potential for high grade gold bearing zones at depth • Drilling from 2010/2011 has identified new zones of gold mineralization and vein structures south of the existing

21. Slide 21: Thank You

    THANK YOU CANADA QUEBEC Val-d'Or Montreal Toronto New York Eloro Resources Ltd. Toll Free: +1.800.360.8006 20 Adelaide Street East, Suite 301 Tel.: +1.416.868.9168 Toronto, Ontario Email: info@elororesources.com CANADA M5C 2T6 Website: www.elororesources.com 21

22. Slide 22: Slide 22

23. Slide 23: Drill Hole Location

    Drill Hole Location 308200 308400 308600 308800 309000 309200 N SK10-16 SK10-12 SK10-05 SK10-03 SK10-02 SK10-01 SK10-13 SK10-07 SK10-06 SK10-04 SK10-11 SK10-17 SK10-15 SK10-08 SK10-09 SK10-10 SK10-14 23

24. Slide 24: Simkar Gold Property – Isometric View

    Simkar Gold Property – Isometric View Simkar 3D Geology Model & 2010 DDH’s Isometric Top View N A-zone B-zone stopes stopes es FP Dyk 16 12 Diorite 13 Host C-zone stopes East Shear zone stopes Montana 150 metres zone stopes SK10-12 - 9.4 gpt Au / 5.9m SK10-13 - 20.4 gpt Au / 3.0m SK10-16 – 4.0 gpt A

25. Slide 25: Simkar Gold Property – Geological Section

    Simkar Gold Property – Geological Section 25

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