Scandium Canada Ltd. press release

InvestorNewsBreaks - Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Grants RSUs as Part of Long-Term Incentive Plan

2023-02-06

TSXV - TSX Venture Exchange · Scandium · Rare Earth Elements · Gold · Canada · Management & Governance

InvestorNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Grants RSUs as Part of Long-Term Incentive Plan

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, recently announced that it has granted an aggregate of 300,000 restricted share units (the “RSUs”) to its senior officers pursuant to its long-term incentive plan. The company’s plan is designed to compensate and reward its directors, officers, consultants and employees for working towards Eloro’s long-term objectives in alignment with the shareholders’ best interests. All granted RSUs have performance-related milestones in connection with the advancement of the company’s Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia, which would need to be satisfied in order to vest by Dec. 31, 2026.

To view the full press release, visit https://ibn.fm/Bb89g

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec. Eloro has an option to acquire a 100% interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro’s website and under its filings on SEDAR. Iska Iska is a road-accessible, royalty free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine.

NOTE TO INVESTORS:The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

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