Exchange

TSX-V: ELO; OTCQX: ELRRF; Frankfurt: P2Q (WKN A1JKAT)

Shares Issued and Outstanding

46,942,262 (June 17, 2020)

Warrants  ($0.50 to $0.60 on exercise)

5,050,150

Options  ($0.12 to $0.87 on exercise)

4,685,000

Villegas property option payment

250,000

Fully Diluted

56,927,412

Share Price (June 16, 2020)

$0.52

Market Capitalization

$24,409,976

Shares Owned by Officers and Directors

13.1 M (28.0%)

Shares Owned by Other Significant Holders (Tartisan, Crescat Funds, Cartier Iron and Champion Iron)

13.9 M (30%)