2025 Annual Information Form

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# 2025 Annual Information Form

Source: https://elororesources.com/site/assets/files/6877/aif_for_year_ended_march_31_2026_eloro.pdf
Fetched: 2026-09-12T07:01:31.141+00:00
Source artifact: 6745a134-0958-4909-a73a-fa3193568a4f
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## Content

# 2025 Annual Information Form
ANNUAL INFORMATION FORM
For the Year Ended March 31, 2026
Dated June 29, 2026
ELORO RESOURCES LTD.
Suite 200 – 20 Adelaide Street East
Toronto, Ontario
M5C 2T6
TABLE OF CONTENTS
ITEM 1: PRELIMINARY NOTES ...................................................................................................................... 3
1.1 Effective Date of Information .................................................................................................................. 3
1.2 Financial Statements and Management Discussion and Analysis ............................................................ 3
1.3 Currency ................................................................................................................................................... 3
1.4 Scientific and Technical Information ....................................................................................................... 3
ITEM 2: CAUTIONARY NOTES ........................................................................................................................ 3
2.1 Cautionary Note Regarding Forward Looking Statements and Forward Looking Information ............... 3
2.2 Cautionary Note to United States Investors Regarding Classification of Mineral Resource Estimates ...6
ITEM 3: CORPORATE STRUCTURE ............................................................................................................... 6
3.1 Name, Address and Incorporation ............................................................................................................ 6
3.2 Inter-corporate Relationships ................................................................................................................... 6
ITEM 4: GENERAL DEVELOPMENT OF THE BUSINESS .......................................................................... 7
4.1 Overview .................................................................................................................................................. 7
4.2 Three Year History ................................................................................................................................... 8
ITEM 5: DESCRIPTION OF THE BUSINESS ................................................................................................ 18
ITEM 6: MATERIAL MINERAL PROJECT .................................................................................................. 19
6.1 Iska Iska Project ..................................................................................................................................... 19
Authorization and Purpose .................................................................................................................................. 20
Project Description and Land Tenure.................................................................................................................. 20
Geology and Mineralization ................................................................................................................................ 21
Status of Exploration ........................................................................................................................................... 24
Metallurgical Testwork ....................................................................................................................................... 26
Mineral Resource ................................................................................................................................................ 27
Interpretation and Conclusions ........................................................................................................................... 33
Recommendations ............................................................................................................................................... 36
ITEM 7: RISK FACTORS .................................................................................................................................. 38
Nature of Mineral Exploration and Mining......................................................................................................... 38
Foreign Operations, Including Emerging and Developing Market Risk .............................................................39
Community Relations ......................................................................................................................................... 40
Enforcement of Canadian judgments against persons or companies outside of Canada ..................................... 40
Dependence on Outside Parties ........................................................................................................................... 48
Volatility of Stock Price ...................................................................................................................................... 49
Conflicts of Interest ............................................................................................................................................. 49
Competition......................................................................................................................................................... 49
ITEM 8: DIVIDENDS ......................................................................................................................................... 49
ITEM 9: DESCRIPTION OF CAPITAL STRUCTURE ................................................................................. 50
ITEM 10: MARKET FOR SECURITIES ........................................................................................................... 51
10.1 Trading Price and Volume ..................................................................................................................... 51
10.2 Prior Sales .............................................................................................................................................. 51
ITEM 11: ESCROWED SECURITIES AND SECURITIES SUBJECT TO CONTRACTUAL
RESTRICTION ON TRANSFER ......................................................................................................52
ITEM 12: DIRECTORS AND OFFICERS ......................................................................................................... 53
12.1 Name, Occupation and Security Holding ............................................................................................... 53
12.2 Cease Trade Orders, Bankruptcies, Penalties or Sanctions .................................................................... 55
12.3 Conflicts of Interest ................................................................................................................................ 55
ITEM 13: LEGAL PROCEEDINGS AND REGULATORY ACTIONS ......................................................... 56
13.1 Legal Proceedings .................................................................................................................................. 56
i
13.2 Regulatory Actions................................................................................................................................. 56
ITEM 14: INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS .............. 56
ITEM 15: TRANSFER AGENT AND REGISTRAR ......................................................................................... 56
ITEM 16: MATERIAL CONTRACTS ................................................................................................................ 56
ITEM 17: INTERESTS OF EXPERTS ............................................................................................................... 57
17.1 Names of Experts ................................................................................................................................... 57
17.2 Interests of Experts................................................................................................................................. 57
ITEM 18: AUDIT COMMITTEE ........................................................................................................................ 57
18.1 The Audit Committee Charter ................................................................................................................ 57
18.2 Composition of Audit Committee .......................................................................................................... 57
18.3 Relevant Education and Experience ....................................................................................................... 58
18.4 Reliance on Certain Exemptions ............................................................................................................ 58
18.5 Audit Committee Oversight ................................................................................................................... 58
18.6 Pre-Approval Policies and Procedures ................................................................................................... 58
18.7 External Audit Service Fees (By Category) ........................................................................................... 59
ITEM 19: ADDITIONAL INFORMATION ....................................................................................................... 59
SCHEDULE “A” – Audit Committee Charter
ii
ITEM 1: PRELIMINARY NOTES
1.1 Effective Date of Information
References to “Eloro Resources Ltd.”, “Eloro”, “ELO”, the “Company”, “its”, “our” and “we”, or related terms in
this Annual Information Form (“AIF”), refer to Eloro Resources Ltd. and include, where the context requires, its
subsidiaries.
All information contained in this AIF is as at March 31, 2026, unless otherwise stated.
1.2 Financial Statements and Management Discussion and Analysis
This AIF should be read in conjunction with the Company’s audited consolidated annual financial statements as at
and for the year ended March 31, 2026 (the “Financial Statements”), as well as the accompanying Management’s
Discussion and Analysis (“MD&A”) for such period. The Financial Statements and MD&A are available on the
System for Electronic Document Analysis and Retrieval+ (“SEDAR+”) at www.sedarplus.ca under the Company’s
profile.
1.3 Currency
All references to “$” or “dollars” in this AIF are to Canadian dollars, unless otherwise expressly stated.
1.4 Scientific and Technical Information
Unless otherwise indicated, scientific and technical information in this AIF relating to the Company’s mineral
properties has been reviewed and approved by Dr. Osvaldo Arce, P. Geo., Executive Vice President Exploration and
Latin America Operations of the Company and a “qualified person” as defined in National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (“NI 43-101”).
ITEM 2: CAUTIONARY NOTES
2.1 Cautionary Note Regarding Forward Looking Statements and Forward Looking Information
Information and statements contained in this AIF that are not historical facts are forward-looking information or
forward-looking statements within the meaning of Canadian securities legislation (hereinafter collectively referred to
as “forward-looking statements”) that involve risks and uncertainties. This AIF contains forward-looking statements
such as estimates and statements that describe the Company’s future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or result to occur. Examples of forward-looking
statements in this AIF include, but are not limited to, statements with respect to:
• the Company’s ability to comply with permitting and regulatory requirements related to exploration, and
development of i

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