Directorate change

Directorate change

ECR Minerals plc

AIM: ECR
US OTC: MTGDY

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

DIRECTORATE CHANGE

LONDON: 12 OCTOBER 2016 - The directors of ECR Minerals plc (the “Board”) are pleased to announce the appointment of Christian Gabriel St. John-Dennis (aged 52) as a non-executive director of the Company with immediate effect.

Christian Dennis is a highly experienced stockbroker and is currently the CEO and a major shareholder of Optiva Securities Ltd (“Optiva”), a member of the London Stock Exchange. Mr Dennis holds a B.Sc. (Hons) from the University of Birmingham, is an associate member of the Chartered Institute for Securities & Investment (CISI), and is an FCA approved person. During his career Christian has worked for a number of major investment firms both in London and New York. He has been involved with advising and arranging funding for a large number of mining companies across a wide range of commodities, working with companies at varying stages of development from seed funding through to IPO, and has assisted in bringing a number of those companies along the value curve from project development through to production.

Further to the Company’s announcement dated 6 September 2016, Optiva acts as joint broker to ECR, and holds warrants to subscribe for a total of up to 1,233,333,333 new ordinary shares in the Company of 0.001 pence of which 900,000,000 warrants are exercisable immediately and a further 333,333,333 warrants vest subject to certain conditions relating to the Company’s share price as set out in the announcement dated 6 September 2016. By virtue of Christian Dennis being the CEO and controlling shareholder of Optiva, Christian Dennis is considered to be interested in these warrants.

In addition, Richard (Dick) Watts has resigned as non-executive director of the Company with immediate effect.

Craig Brown, Chief Executive Officer of ECR, commented:

“I am delighted to welcome Christian Dennis as a director of ECR. Christian has more than 25 years’ experience advising, financing and investing in exploration and mining companies. I know this first hand, having worked with Christian in relation to Kryso Resources plc, a company which I co-founded and which benefited from Christian’s support and advice as Kryso progressed from its admission to AIM in 2004 through the achievement of numerous development milestones at the multi-million ounce Pakrut gold mine in Tajikistan.

Finally, on behalf of the Board, I would like to thank Dick Watts for his service to ECR since 2012.”

Additional Information Required by AIM Rule 17

Pursuant to Rule 17, Schedule Two (g) of the AIM Rules, the following information is disclosed in respect of Christian St John Dennis:

Current Appointments			Appointments in Last Five Years
Optiva Securities Ltd			Primus Resources Ltd
			SB Newco 240212 Ltd
			Upland (KSAR Hadada) Ltd
			Upland (N Tunisia) Ltd
			Upland (S Tunisia) Ltd
			Upland (El Fahs) Ltd
			CD Tempco Limited
			CSD Consultancy Limited
			Bengkulu Coal (BVI) Limited

There is no other information regarding Christian Dennis required to be disclosed under the AIM Rules.

ABOUT ECR

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has acquired 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia. ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR’s website.

ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc			Tel: [phone]
William (Bill) Howell, Non-Executive Chairman
Craig Brown, Director & CEO
Email: [e-mail]
Website: www.ecrminerals.com
Cairn Financial Advisers LLP			Tel: [phone]
Nominated Adviser
Emma Earl / Jo Turner
Optiva Securities Ltd			Tel: [phone]
Joint Broker
Christian Dennis
Vicarage Capital Ltd			Tel: [phone]
Joint Broker
Rupert Williams / Jeremy Woodgate
Blytheweigh			Tel: [phone]
Public Relations
Tim Blythe / Camilla Horsfall

FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements. Such statements may be subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward looking statements as a result of new information, future events or for any other reason.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161011006719/en/