TORONTO, September 20, 2007 - Eloro Resources Ltd. (ELO: TSX-V) ("Eloro" or the "Company") is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.

ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO COMPANY

In response to overwhelming data representing the online research and communications habits of small-cap investors, Eloro has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.

Effective October 3rd, a customized and monitored Eloro IR HUB will allow both the Company and AGORACOM to communicate with all investors simultaneously, anytime and in near real-time.  The new IR HUB will also provide management with an ability to extend communications beyond text via audio messages, video presentations, webcasts and podcasts.  In addition to traditional e-mail, investors will also have the ability to receive all communications via RSS feed.    

LAUNCH OF  ELORO RESOURCES COMMUNITY

The Eloro IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation.  Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between shareholders. 

TIER-1 EXPOSURE AND AWARENESS

As an exclusive provider of "Small-Cap Centres - Powered by AGORACOM" to Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all newsworthy Eloro press releases for the purposes of attracting new and prospective shareholders.

Eloro President and CEO, Thomas Larsen, stated, "I believe the time has now come to significantly increase our communications with both existing shareholders and the massive online small-cap community of investors that are searching for their next great investment.  I strongly encourage our shareholders to take advantage of our new online IR system, which demonstrates we are a fully accessible organization with a great story to tell." 

The terms of the agreement are as follows: i) the duration is 12 months with $2,000 monthly cash compensation; and ii) subject to all required regulatory approval, AGORACOM is to receive 250,000 Eloro stock options, entitling AGORACOM to purchase 250,000 shares of Eloro at $0..45 per share prior to the close of business on September 19, 2012. The agreement has been negotiated entirely at arm's length. AGORACOM is located in Toronto, Ontario.

ABOUT AGORACOM

AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies.  We have partnered with the world's biggest internet companies, including Yahoo, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors.  We have served over 200 companies since 1997.

AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices.  Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.