Ecometals Limited is pleased to announce plans for diamond drill testing on

the Rio Zarza Gold Project of anomalous geophysical and geochemistry

results and structural scenario analogous to Kinross’ Fruta del Norte Gold

Deposit.

The Rio Zarza Gold Project is located north of Zamora, the district capital of

Zamora Chinchipe province, southeastern Ecuador. The project adjoins the

Kinross (formerly Aurelian) exploration license which covers the Fruta del

Norte epithermal deposit with a reported 13.7Moz Au (Micon, 2007).

Work on the Rio Zarza and other projects in the Ecometals portfolio has been

on hold for the last year due to the imposition of a moratorium on exploration

by the government of Ecuador, and enactment of new mining legislation and

regulations. Ecometals is in the process of applying for environmental and

water use permits to continue exploration, and plans to drill the Rio Zarza

project as expediently as possible after receipt of these permits.

The west side of the Rio Zarza project is underlain by the Zamora granite

batholith, and on the east side there is a volcano-sedimentary assemblage

deposited in an extensional pull-apart rift basin which hosts the Kinross Fruta

del Norte and Bonza las Peñas deposits.

Detailed IP/Resistivity surveys have outlined a significant linear chargeability

anomaly 200m width X 850m length associated with an interpreted fault

structure which is analogous to the Fruta del Norte response. Anomalous Au

and associated elements (As, Hg) are spatially correlated to the IP anomaly,

and are characteristic of epithermal type mineralization. Silicification,

disseminated sulphides and argillic/sericite alteration of the Suarez Fm

suggest close proximity to the source of mineralization.

An initial programme of three diamond drill holes for a total of 1200m is

planned to intersect the core of the IP chargeability anomaly. Should results

prove encouraging, the drilling programme will be continued to further define

the mineralization.

Geology map of the Rio Zarza project area showing IP Chargeability Anomaly

and planned drill holes

Further details and maps of the planned drilling program can be obtained from

the Ecometals Web site (www.ecometalslimited.com).

Chief Executive Officer Fran Scola said, “

SR McMullan, P.Geo, Vice President of Exploration for Ecometals Limited, is

a qualified person according to National Instrument 43-101 definition and has

supervised the preparation of the technical information included in this press

release.

Ecometals Limited is a Canadian-listed mineral exploration and development

company focused on the mineral resources in Latin America. Ecometals also

has significant manganese and iron projects in Brazil at grass roots and

development planning stages.

Chief Executive Officer

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Chief Operating Officer

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Enquiries:

[email protected]

URL: www.ecometalslimited.com