Director/PDMR Shareholding

Director/PDMR Shareholding

ECR Minerals plc

ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)

AIM: ECR

US OTC: MTGDY

ISSUE OF EQUITY & DIRECTOR SHARE DEALING

London: 17 October 2011 - ECR Minerals plc announces that it has issued and allotted a total of 13,636,363 ordinary shares of 0.1p (“New Ordinary Shares”) at 1.1p per share in respect of the conversion of convertible loan notes of total principal amount £150,000 held by Fair Choice Limited, a company controlled by Michael Silver, Executive Chairman of ECR.

Following this transaction, Michael Silver is beneficially interested in 17,716,406 ordinary shares of the Company, representing approximately 2.94 per cent of the Company’s total issued share capital.

Pursuant to this announcement application has been made for the New Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 21 October 2011.

Following admission of the New Ordinary Shares, the Company will have a total of 602,346,081 ordinary shares of 0.1 pence in issue with each share carrying the right to one vote. The Company has no ordinary shares held in treasury. The total of 602,346,081 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA’s Disclosure and Transparency Rules.

For further information please contact:

ECR Minerals plc
Michael Silver, Chairman		Tel: [phone]
Patrick Harford, Managing Director
Stephen Clayson, Director
Email: [e-mail]
Website: www.ecrminerals.com
Daniel Stewart & Company plc
Oliver Rigby/Tessa Smith		Tel: [phone]
Old Park Lane Capital plc
Michael Parnes		Tel: [phone]
Blythe Weigh Communications
Ana Ribeiro		Tel: [phone]
Barry Kaplan Associates
Larry Kaplan		Tel: [phone]