Eloro Resources Ltd. — Capital/Financing Update 2020

Dec 16, 2020

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Ontario Commission des 22nd Floor 22e étage Securities valeurs mobilières 20 Queen Street West 20, rue Queen ouest Commission de l’Ontario Toronto ON M5H 3S8 Toronto ON M5H 3S8

RECEIPT

Eloro Resources Ltd.

This is the receipt of the Ontario Securities Commission for the Preliminary Short Form Prospectus of the above Issuer dated December 15, 2020 (the preliminary prospectus).

The preliminary prospectus has been filed under Multilateral Instrument 11-102 Passport System in British Columbia, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador . A receipt for the preliminary prospectus is deemed to be issued by the regulator in each of those jurisdictions, if the conditions of the Instrument have been satisfied.

December 16, 2020

Sonny Randhawa Sonny Randhawa Director, Corporate Finance Branch SEDAR Project # 3151259