Eloro Resources Makes a US$1.5 Million Option Payment for the Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia

TORONTO, July 21, 2025 (GLOBE NEWSWIRE) -- Eloro Resources Ltd. (TSX:ELO, OTCQX:ELRRF, FSE: P2QM)) ("Eloro", or the "Company") is pleased to announce that it made a US$1,500,000 option payment to Empresa Minera Villegas S.R.L. ("Minera Villegas"), the title holder of the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia ("Iska Iska"), leaving a final cash payment of US$1,150,000 due on January 6, 2026.

Pursuant to the amended terms of the option agreement to acquire Iska Iska, the payment schedule for the aggregate US$10,000,000 payment required for Eloro to earn a 100% interest in Iska Iska, includes a credit for the US$1,800,000 incurred by the Company in exploration expenditures on the adjacent Mina Casiterita property, which will be applied towards the Mina Casiterita / Mina Hoyada option agreement, as amended (see Eloro's press releases dated November 22, 2022 ...