Eloro Resources Intersects Highest Silver Interval to Date at its Iska Iska project, Southern Bolivia with 72 metres grading 294.81 g/t Silver within a broader interval of 180 metres grading 164.74 g/t Silver in Hole DSB-93

On December 9, 2025, Eloro Resources announced the highest-grade silver intersection to date from its definition drilling program at the Iska Iska project in Bolivia.

Key highlights from drill hole DSB-93 include: - A high-grade interval of 72 metres grading 294.81 g/t silver (Ag) and 0.44% lead (Pb). - This was situated within a broader mineralized zone of 180 metres grading 164.74 g/t Ag, 0.74% Pb, 0.72% zinc (Zn), and 0.16% tin (Sn). - Other significant polymetallic intercepts were also reported, including gold, copper, and higher-grade tin zones.

CEO Tom Larsen stated that all sixteen holes in the second phase definition program intercepted significant mineralization in areas previously modeled as waste in the initial Mineral Resource Estimate (MRE). This suggests a much larger endowment of higher-grade mineralization, which is expected to upgrade and expand the MRE for the planned Preliminary Economic Assessment (PEA).

The news is materially positive. It builds on a year of consistently strong drill results that have successfully expanded and de-risked the Iska Iska deposit.

Reviewing the historical news reveals a systematic approach to defining the resource: - Early 2025: The company established the potential for two distinct, giant systems: a tin-dominant zone (highlighted by hole DSB-72 on Jan 23) and a silver-polymetallic zone (highlighted by DSB-75 on Mar 11). - Mid-2025: Drilling was restarted (Apr 30) after a series of capital raises totalling over C$21 million, ensuring the company was well-funded for an aggressive program. Option payments on the property were also kept current. - Late 2025: The "second phase" definition drilling program delivered a string of "best-to-date" intercepts for different metals: the longest and highest-grade tin (Sep 17), the longest zinc (Oct 9), and now the highest-grade silver interval.

The most critical aspect of the latest news is the confirmation that significant mineralization is being found in areas previously considered waste within the conceptual starter pit shell. This has a direct and positive impact on the potential economics of the project. Converting waste to ore can significantly lower the stripping ratio, which is a key driver of profitability for large, open-pit mines.

The results from DSB-93 (72m @ 294.81 g/t Ag) are a clear improvement on previous high-grade silver hits like DSB-75 (135m @ 151.47 g/t Ag). This demonstrates that infill drilling is not just confirming mineralization but is actively increasing the grade profile of the deposit.

From a financial standpoint, the company's C$14 million financing in September 2025 at C$1.15 per unit provides a solid cash position. The September 30, 2025 financials confirm C$12.8 million in cash, which is sufficient to complete the current drill program, deliver an updated MRE, and complete the PEA without near-term financing pressure.

The market has responded positively to this consistent news flow, with the stock price rising from a low of C$0.77 in April to a high of C$2.00 in early December. The latest news should provide strong support for the share price and reinforce investor confidence in management's exploration strategy.

Eloro Resources Ltd. is a Canadian mineral exploration and development company. Its flagship asset is the Iska Iska silver-tin polymetallic project located in the Potosi Department of southern Bolivia, a historically prolific mining jurisdiction. Eloro has an option to earn a 100% interest in the royalty-free property.

Iska Iska is a massive porphyry-epithermal complex. The company has rapidly delineated a giant inferred mineral resource estimate (MRE) and has identified two distinct but adjacent deposit types: a silver-zinc-lead polymetallic domain and a high-grade tin-silver domain. The current strategy is to advance the project via definition drilling to upgrade and expand the resource in preparation for a maiden PEA.