Eloro Resources Ltd. — Capital/Financing Update 2023

Jan 24, 2023

==> picture [183 x 63] intentionally omitted <==

==> picture [188 x 95] intentionally omitted <==

January 23, 2023

British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan The Manitoba Securities Commission Ontario Securities Commission Financial and Consumer Services Commission, New Brunswick Nova Scotia Securities Commission The Office of the Superintendent of Securities, Prince Edward Island Office of the Superintendent of Securities, Service Newfoundland & Labrador

Dear Sirs/Mesdames:

Eloro Resources Ltd. Prospectus Supplement – Project Number 3349097

We refer to the prospectus supplement dated January 23, 2023 (the " Prospectus Supplement ") to the short form base shelf prospectus dated May 11, 2022 of Eloro Resources Ltd. (the " Corporation ") relating to the public offering of 3,200,000 units in the capital of the Corporation (" Units ") at a price of $3.15 per Unit for aggregate gross proceeds of $10,080,000.

We hereby consent to the reference to our name on the second page of the Prospectus Supplement and under the heading " Legal Matters " in the Prospectus Supplement, and consent to the reference to our name and opinion under the heading " Eligibility for Investment " in the Prospectus Supplement.

We confirm that we have read the Prospectus Supplement and that we have no reason to believe that there are any misrepresentations in the information contained in the Prospectus Supplement that is derived from our opinion referred to above or that is within our knowledge as a result of services performed in connection with such opinion.

Yours truly,

(signed) "Bennett Jones LLP"