Eloro Resources Reports Substantial Resource Growth in Updated Mineral Resource Estimate at Its Iska Iska Project, Potosi Department, Southwestern Bolivia

About this update from Eloro Resources Ltd.

Updated MRE Outlines an Indicated Category of 85.17 million tonnes grading 40 g/t Ag, containing 109.53 million ounces of silver, 1.03 million tonnes zinc grading 1.21% Zn, 0.60 million tonnes of lead grading 0.71% Pb and an Inferred Category of 945.43 million tonnes grading 8.5 g/t Ag, containing 248.60 million ounces silver, 4.72 million tonnes zinc grading 0.47% Zn, 1.50 million tonnes lead grading 0.16% Pb, 290,000 tonnes tin grading 0.03% Sn and 1.21 million ounces gold grading 0.04 g/t Au. Silver grades increased 65% from 24.3 g/t Ag reported in the near-surface Inferred resource category in the 2023 Initial MRE to 40 g/t Ag reported in the Indicated resource category in the 2026 Updated MRE. Key Highlights of the Updated MRE: Initial Indicated Mineral Resource of 85.17 Mt at 40 g/t Ag (109.53 Moz Ag), 1.21% Zn (1.03 Mt Zn), and 0.71% Pb (0.60 Mt Pb). Inferred Mineral Resources in 3 separate metal domains in addition to the Indicated mineral resource: Ag Dominant- 61.92 Mt grading 27 g/t Ag, 0.19% Zn, 0.18% Pb, 0.06% Sn and 0.05 g/t Au; Zn Dominant - 116.03 Mt grading 1.16% Zn, 7g/t Ag, 0.28% Pb, 0.02% Sn and 0.04 g/t Au; and Sn Dominant - 31.01 Mt grading 0.20% Sn, 8 g/t Ag, 0.09% Zn, 0.10% Pb, and 0.04 g/t Au. Inferred Mineral Resource with medium grades in the Polymetallic Domain (Ag-Zn-Pb-Sn) of 13.84 Mt at 15 g/t Ag, 0.73% Zn, 0.43% Pb and 0.04% Sn and 0.07 g/t Au. Inferred Mineral Resource with lower grades in the Polymetallic Domain (Ag-Zn-Pb-Sn) of 722.63 Mt at 7 g/t Ag, 0.40% Zn, 0.14% Pb, 0.02% Sn and 0.04 g/t Au. Overall Inferred Mineral Resource at Iska Iska of 945.43 Mt containing 248.60 Moz Ag, 4.72 Mt Zn, 1.50 Mt Pb, 290,000 t Sn and 1.21 Moz Au, with a 41% increase in total tonnage with respect to the 670 Mt of overall Inferred mineral resources in the Initial 2023 MRE. Silver grades increased 65% from 24.3 g/t Ag of the near-surface higher-grade Inferred resource in the 2023 Initial MRE to 40 g/t Ag in the Indicated category of the Updated 2026 MRE, reflecting the positive impact of the completed 14,085m, 27-hole definition 50m by 50m diamond drill program. The overall tin recovery into a 5% Sn concentrate improved with further metallurgical testing from 50.7% in 2023 to 58.9% in the Updated 2026 MRE. Toronto, Ontario--(Newsfile Corp. - April 22, 2026) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) ("Eloro", or the "Co...

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