El Oro Ltd

Announcements 2003

Merger  |  Announced - 8 September 2003

MERGER OF EL ORO MINING AND EXPLORATION COMPANY P.L.C. ("EL ORO”) WITH THE EXPLORATION COMPANY P.L.C. ("EXPLORATION”) CHANGE OF NAME & START OF DEALINGS SHARE CAPITAL AND HOLDINGS IN THE MERGED COMPANY

The merger of El Oro with Exploration is now effective. The merged entity has changed its name to "El Oro and Exploration Company p.l.c." (the "Company") and the cross holdings between El Oro and Exploration have been cancelled.

Dealings in new stock units in the Company will begin today, Monday 8th September.

The total issued share capital of the Company is £ 597,146.35 consisting of 11,942,927 stock units of 5p each.

The Parish family have notified the Company that following the merger of El Oro with Exploration, they were allotted new stock units in the Company in consideration for the surrender of their El Oro shares, as follows:

Clement Robin Woodbine Parish 839,544
The Hon. Mrs. Elizabeth Campbell Parish 20,895
Emma Woodbine Houston 648,069
Suzanne Kumaramangalam 665,987
Caroline Zegos 339,668

Following the merger of El Oro with Exploration, the Directors of the Company were allotted new stock units in the Company in consideration for the surrender of their El Oro shares, as follows:

Clement Robin Woodbine Parish 839,544
The Hon. Mrs. Elizabeth Campbell Parish 20,895
Emma Woodbine Houston 648,069
David Richard Lindsay Hunting 248
Robert Elmer Wade 17,047
James Anthony Wild 11,281

The Parish family have notified the Company that following the merger of El Oro with Exploration, they hold stock units in the Company, as follows:

Clement Robin Woodbine Parish 1,607,666
The Hon. Mrs. Elizabeth Campbell Parish 342,851
Emma Woodbine Houston 1,592,226
Suzanne Kumaramangalam 1,554,644
Caroline Zegos 1,171,770

The Directors of the Company, following the merger of El Oro with Exploration, hold stock units in the Company as follows:

Clement Robin Woodbine Parish 1,607,666
The Hon. Mrs. Elizabeth Campbell Parish 342,851
Emma Woodbine Houston 1,592,226
David Richard Lindsay Hunting 248
Robert Elmer Wade 35,047
James Anthony Wild 15,281

Enquiries:

El Oro and Exploration Company p.l.c. 0207 581 2782
Robin Parish

Directors PDMR Shareholding  |  Announced - 18 September 2003

El Oro and Exploration Company p.l.c. was informed on 18th September 2003 by Robert E. Wade, a non-executive director of the company that he purchased 1,000 ordinary 5p stock units XD in the company that day. The price he paid was £3.20 per stock unit. His total holding in the company, following the notification of this purchase is 36,047.

C.R.W. Parish - Chairman and Managing Director

Directors PDMR Shareholding  |  Announced - 19 September 2003

El Oro and Exploration Company p.l.c. was informed on 19th September 2003 by J. Anthony Wild, a non-executive director of the company that he purchased 4,719 ordinary 5p stock units XD in the company that day. The price he paid was £3.00 per stock unit. His total holding in the company, following the notification of this purchase is 20,000.

C.R.W. Parish - Chairman and Managing Director

Directors PDMR Shareholding  |  Announced - 6 October 2003

El Oro and Exploration Company p.l.c. was informed on 6th October 2003 by Robert E. Wade, a non-executive director of the company that he purchased 1,000 ordinary 5p stock units XD in the company that day. The price he paid was £3.58 per stock unit. His total holding in the company, following the notification of this purchase is 37,047.

C.R.W. Parish - Chairman and Managing Director

Directors PDMR Shareholding  |  Announced - 20 October 2003

El Oro and Exploration Company p.l.c. was informed on 16th October 2003 by Robert E. Wade, a non-executive director of the company that he purchased 2,500 ordinary 5p shares in the company that day. The price he paid was USD6.65 per stock unit. His total holding in the company, following the notification of this purchase is 39,547.

C.R.W. Parish - Chairman and Managing Director

Directors PDMR Shareholding  |  Announced - 31 October 2003

El Oro and Exploration Company p.l.c. was informed on 29th October 2003 by Robert E. Wade, a non-executive director of the company that he purchased 3,665 ordinary 5p stock units in the company that day. The price he paid was £3.80 per stock unit. His total holding in the company, following the notification of this purchase is 43,212.

C.R.W. Parish - Chairman and Managing Director

Directors PDMR Shareholding  |  Announced - 30 December 2003

El Oro and Exploration Company p.l.c. was informed on 29th December 2003 by C.R.W. Parish, an executive director of the company that he purchased 1,400 ordinary 5p stock units in the company that day. The price he paid was £4.13 per stock unit. His total holding in the company, following the notification of this purchase is 1,609,066. The shares were purchased for the C.R.W. & L.A. Parish Trust A/C N.E.W. Parish.

C.R.W. Parish - Chairman and Managing Director

Directors PDMR Shareholding  |  Announced - 30 December 2003

El Oro and Exploration Company p.l.c. was informed on 30th December 2003 by C.R.W. Parish, an executive director of the company that he purchased 1,730 ordinary 5p stock units in the company that day. The price he paid was £4.20 per stock unit. His total holding in the company, following the notification of this purchase is 1,610,796. Of the shares purchased, 230 were purchased for C.R.W. Parish and 1,500 were purchased for Mrs L Parish.

C.R.W. Parish - Chairman and Managing Director

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