EC

Ecometals Limited (the "Company") (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ)
announces that Mr. Lawrence M. Clark, Jr. who was recently appointed to the
Board of Directors of the Company did not stand for election at the annual
general meeting of shareholders held on December 17, 2012 (the "AGM"). Mr. Clark
decided that the Company's interests would be best served by him acting in an
advisory role. Accordingly, Mr. Clark will continue to provide advice to the
Company while it is considering a number of strategic actions to reposition
itself as a leader in South American mining.


In his place, Mr. Russell Fryer was nominated and elected at the AGM. Russell
Fryer has 23 years experience investing in developed and developing markets with
a focus on mining and natural resources. With a background in engineering, Mr.
Fryer has advised mining companies in pre-production and production stage of
mineral output. 


Previously, Mr. Fryer was a Managing Director at Macquarie Bank. Before
Macquarie, Mr. Fryer managed investor capital in the natural resources sector at
Baobab Asset Management and North Sound Capital. Throughout his career, Mr.
Fryer has also worked with investment banking firms such as Robert Fleming, HSBC
and Deutsche Bank.


Mr. Fryer holds a Bachelor of Business Administration degree from Newport
University in Johannesburg South Africa along with an Advance Degree in
International Taxation from Rand Afrikaans University, also in Johannesburg
South Africa.


Mr. Fryer stated: "I greatly look forward to joining the Ecometals team and
helping create sustainable value for all Ecometals shareholders."


Mr. William Lamarque, the Company's Chief Executive Officer commented as
follows: "We were disappointed that Counsel's advice suggested that Mr. Clark's
role as a lead advisor to the Company on a number of our key initiatives could
give rise to conflicts with his role as Chairman, leading him to step down. But
we are delighted to welcome Mr. Fryer to our Board and the Chairmanship for
which his background eminently qualifies him."


About Ecometals

Ecometals Limited is a Canadian TSX Venture Exchange listed mineral exploration
and development company focused on the mineral resources in Latin America. Apart
from its gold exploration in Ecuador, Ecometals also has significant manganese,
iron and gold projects in Brazil at grass roots exploration and development
planning stages.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ecometals Limited
William Lamarque
Chief Executive Officer
wglamarque@ecometalslimited.com


Ecometals Limited
Andrew Robertson
Chief Financial Officer
+ 44 207 340 8521
arobertson@ecometalslimited.com


Ecometals Limited
Enquiries
info@ecometalslimited.com
www.ecometalslimited.com

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