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ELO Corporate Profile

Eloro Resources Ltd. is a Canadian based mineral exploration company exploring a diverse, high-quality portfolio of mineral projects in Northern Ontario and the James Bay region of Northern Quebec. The company's holdings are focused on PRECIOUSand BASE METALS and URANIUM.

PROPERTIES OVERVIEW

JAMES BAY EXPLORATION – QUEBEC

Eloro’s James Bay property portfolio consists of mineral properties covering 42,500 hectares in the highly prospective Eastmain and La Grande greenstone belts in northern Quebec. The two greenstone belts are active exploration and mining camps that have attracted both major and junior mining companies during the past several years. The James Bay area’s attractiveness as a mining destination has increased among the mining and exploration community in part due to the acquisition of the Eleonore gold deposit by Goldcorp Inc. (TSX: G) for approximately US$420 million. The Eleonore deposit, originally discovered by Virginia Mines Inc. (TSX: VGQ), is a large gold resource initially categorized at 7.71 million tons grading 7.40 g/t Au (representing 1.83 million ounces of Au) in the indicated category. It is considered the most significant gold discovery in the region so far and continued exploration on the deposit by Goldcorp is expected to further enhance the reserves and resource. Significantly, Eloro’s copper-gold-silver properties – Eastmain 1, Eastmain 2, Eastmain 3 and Delta are located on the same Eastmain greenstone belt which hosts the Eleonore deposit. Eloro has recently completed a regional geophysical program on its Eastmain greenstone belt properties and the company is currently proceeding with a 3,500 metre exploratory drilling program on its Delta property.

Along the La Grande greenstone belt, Eloro has optioned out some of its other properties to a third party. The option agreement will ensure a well funded exploration program is undertaken at the optioned properties while also enabling Eloro to conserve capital as it more effectively focuses on its exploration properties located to the south. Eloro optioned a 50% interest in the Lemoyne North, Horseshoe, Taïga and Taïga West gold properties to NFX Gold Inc. (TSX.V: NFX) in July 2007 for a work commitment of C$3 million.

URANIUM PROPERTIES – QUEBEC

Eloro’s uranium properties portfolio consists of 10 non-contiguous properties located in the James Bay and Otish Mountains region of Quebec. Eloro’s 100% interest in six James Bay region properties are located in the Rupert River/La Grande River sectors, while its four Otish Mountains properties are all within a 20km radius of Strateco Resources Inc.'s Matoush Uranium discovery.

In April 2007, Eloro entered into an agreement with Icon Industries Limited, under which Icon can earn a 55% interest in the Eloro’s Lac Henry uranium property subject to a work commitment of $1 million. Eloro would retain a 2% net smelter returns royalty on the property; Icon can purchase 1.0% of royalty for $1 million.

HURDMAN ZINC-SILVER-GOLD PROJECT

Eloro’s Hurdman zinc-silver-gold property, located 120 km north of Timmins, covers an area of 6,624 hectares and is approximately 75 km north of Xstrata Plc’s Kidd Creek mining operations.

Drilling by Eloro, since 2005, has consistently identified a continuous zinc-silver rich semi-massive to massive sulphide zone which continues to confirm the presence of high grade zinc (greater than 2 %) and silver (greater than 15 g/t) in a corridor displaying thicknesses varying between 1.9 m and 19.95 m. In addition, gold mineralization associated with silicified zones and pegmatite veins was also found on the property. The mineralized corridor, the Hurdman Sulphide Zone (“HSZ”), contains a large Zn-Ag-Au system that remains open in all directions, particularly the down-plunge extension of the HSZ that will be the focus of future drilling. Cluster geophysical anomalies identified in a 2006 airborne geophysical survey, located peripheral to the known HSZ in the western half of the Hurdman property, remain untested. The HSZ, which can now be traced over a lateral east-west distance of 450 m and to a depth of 85 m, remains open in all directions. Eloro plans to undertake further drilling and assess the property’s full mineral potential.

MCARTHUR LAKE NICKEL PROPERTY - ONTARIO

The McArthur Lake Nickel Property consists of 14 contiguous claims totaling approximately 30 km2 in McArthur, Bartlett and Douglas Townships, located 2 km north of the Texmont Nickel Deposit and 35km south of Timmins, Ontario.

The McArthur Lake Nickel Property and the surrounding area, including the adjacent Texmont Nickel Property, has been mapped as containing ultramafic lithologies similar with other units containing nickel sulphides in and around the Shaw Dome in Timmins. Eloro will utilize this geological model in its Phase 1 exploration program to be initiated during the course of 2007, in order to determine the potential for significant nickel mineralization.