Eloro Resources Announces the Retirement of Dr. William Pearson as Executive Vice President, Exploration

Rhea-AI Summary

Eloro Resources (OTCQX: ELRRF) announced that Dr. William Pearson, Executive Vice President, Exploration, will retire effective March 31, 2026 and transition to Senior Technical Advisor. Dr. Pearson has over 50 years of exploration experience and helped co-discover the Iska Iska Ag-Sn-polymetallic project. Dr. Osvaldo Arce, Executive Vice President, Latin America, will assume Dr. Pearson's responsibilities, continuing leadership continuity for Eloro's exploration programs.

Positive

• Dr. Pearson remains as Senior Technical Advisor, preserving expertise
• Succession by Dr. Osvaldo Arce ensures leadership continuity
• Pearson brings over 50 years of exploration experience

Negative

• Loss of long‑tenured EVP exploration leadership active role after March 31, 2026

Toronto, Ontario--(Newsfile Corp. - February 11, 2026) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) ("Eloro", or the "Company") announces the retirement of Dr. William Pearson, P.Geo. as the Company's Executive Vice President, Exploration effective March 31, 2026, after which he will remain with the Company as Senior Technical Advisor. He will be retiring after more than 50 years of managing exploration programs across Canada and around the world. Dr. Osvaldo Arce, P.Geo., Eloro's Executive Vice President, Latin America will assume the responsibilities formerly held by Dr. Pearson.

Eloro CEO Thomas Larsen stated: "On behalf of the entire team at Eloro, I would like to acknowledge and thank Bill for his immense contributions, not only with the co-discovery and growth of the Company's flagship giant Iska Iska Ag-Sn-Polymetallic Project, but also to his decades of service to Professional Geoscientists Ontario, where he served as the founding President. Bill's vast experience and knowledge of large mineralized systems, especially throughout the Americas, was instrumental in leading Eloro to Bolivia and Iska Iska, with the introduction of Dr. Arce to the Company."

"His prior success as VP, Exploration for Desert Sun Mining Corp. (taken over by Yamana Gold Inc. in 2006), Executive VP, Exploration for Central Sun (taken over by B2Gold Inc. in 2009), and President and CEO of Coastal Gold Corp. (taken over by First Mining in 2015) is a true testament to his immense geological knowledge," added Mr. Larsen. "On a personal note, I am privileged to have worked side by side with Bill in various exploration projects and greatly benefitted from his advice and professionalism. We thank Bill for his considerable contributions to Eloro to date as we advance the Iska Iska project and look forward to continuing to benefit from his expertise as Senior Technical Advisor to the Company."

Dr. Osvaldo Arce, P.Geo., Eloro's Executive Vice President Operations, Latin America, added: "I want to sincerely thank Dr. Bill Pearson for the honour of working closely together with him and for introducing and inviting me to be part of Eloro. It has been a privilege to learn from Bill's experience and vision for more than ten years and I look forward to continue to collaborate and achieve great results."

About Eloro Resources Ltd.

Eloro is an exploration and mine development company with a portfolio of precious and base-metal properties in Bolivia, Peru and Quebec. Eloro, through its Bolivian subsidiary, Minera Tupiza SRL, has a 99% joint venture interest and a 100% economic participation interest in the highly prospective Iska Iska Property, which can be classified as a polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department, in southern Bolivia. A NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited, is available on Eloro's website and under its filings on SEDAR+. Iska Iska is a road-accessible, royalty-free property. Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru some 50 km south of the Lagunas Norte Gold Mine and the La Arena Gold Mine.

For further information please contact either Thomas G. Larsen, Chairman and CEO or Jorge Estepa, Vice-President at (416) 868-9168.

Information in this news release may contain forward-looking information. Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283558

FAQ

When will Dr. William Pearson retire from Eloro (ELRRF)?

Dr. William Pearson will retire as EVP, Exploration effective March 31, 2026. According to the company, he will continue with Eloro as Senior Technical Advisor to provide ongoing geological and technical support.

Who will take over Dr. Pearson’s responsibilities at Eloro (ELRRF)?

Dr. Osvaldo Arce will assume Dr. Pearson’s responsibilities as EVP exploration effective March 31, 2026. According to the company, Dr. Arce is EVP, Latin America and has collaborated with Pearson for over ten years.

What role will Dr. Pearson hold after retirement from Eloro (ELRRF)?

After retirement, Pearson will serve as Senior Technical Advisor to Eloro. According to the company, this role maintains his technical input while transitioning day‑to‑day EVP duties to Dr. Arce.

How long has Dr. William Pearson worked in exploration before retiring from Eloro (ELRRF)?

Dr. Pearson has more than 50 years of exploration experience. According to the company, his career includes leadership roles tied to several successful projects and company takeovers.

What impact does the Eloro (ELRRF) leadership change have on Iska Iska project oversight?

Leadership responsibility for Iska Iska transfers to Dr. Arce while Pearson stays as advisor. According to the company, this preserves technical continuity during ongoing project advancement and exploration work.