Eloro Resources Ltd.             PRESS RELEASE

Eloro Resources Options Property to Fletcher Nickel

Toronto, Canada, April 9, 2008 - Eloro Resources Ltd. (TSX-V: ELO) ("Eloro") has granted Fletcher Nickel Inc. (TSX: FL) ("Fletcher Nickel") an option to acquire a majority operating interest in Eloro's McArthur Lake and Douglas Nickel Properties (the "Properties") located in McArthur, Douglas and Bartlett Townships in northern Ontario.� The Properties cover 15 claims (183 claim units) in the belt of komatiites extending northward from Fletcher Nickel's Texmont Project, which includes the developed Texmont Nickel Mine to the south, plus extensive mineral claims adjoining the mine leases to the west and south.

Fletcher Nickel may earn a 55% joint venture interest in the Properties by completing $1,000,000 of exploration expenditures over four years and issuing 50,000 shares annually to Eloro, until the interest is earned.� A minimum of $150,000 of such exploration expenditures must be incurred in the first year; $200,000 in the second year; $250,000 in the third year; and, $400,000 in the fourth year.�

The completion of the transaction is subject to approval of the formal agreement by the board of directors of both Eloro and Fletcher Nickel and the receipt of all necessary regulatory and exchange approval. 

52 week high/low:  $0.85 - $0.25

Shares Outstanding:  52,308,570