Eloro Resources is pleased to announce that it is proceeding with a non-brokered private placement of up to 10,000,000 flow-through units of Eloro at a price of $0.20 per unit for proceeds of up to $2,000,000 and up to 5,555,555 non-flow-through units of Eloro at a price of $0.18 per unit for additional proceeds of up to $1,000,000.