Directorate change

Directorate change

ECR Minerals plc

22 February 2019

ECR MINERALS plc

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

DIRECTOR APPOINTMENT

EXPERIENCED GEOLOGIST JOINS ECR BOARD AS NON-EXECUTIVE DIRECTOR

ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to announce the appointment of Samuel James Melville Garrett (“Sam Garrett”) as a Non-Executive Director of ECR Minerals plc, with immediate effect.

Mr Garrett holds a Bachelor of Science degree with First Class Honours in Geology and a Master of Economic Geology degree, both from the University of Tasmania. He also holds a Master of Applied Finance degree from Macquarie University in Australia. Mr Garrett has 30 years of exploration management, project assessment and operational experience working for large multi-national and junior mining and exploration companies in ten countries including Australia, Argentina and the Philippines. Mr Garrett is a resident of Australia.

Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: “I am delighted to announce the appointment of Sam Garrett to the board of ECR Minerals. Sam brings extensive geological experience onto the board, not just in Australia but also in South America and the Philippines, where the Company has existing business interests.

The timing of Sam’s appointment is key, as we look to rapidly advance our existing interests and continue to identify new strategic acquisition opportunities.

The ECR Minerals business is growing and developing at some pace and I look forward to providing further updates in the near future.”

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules:

Sam Garrett (aged 52) holds or has held the following directorships or partnerships in the past five years:

Current: Metal Ventures Pty Limited Rock Ratings Pty Limited Ming Gold Pty Limited Georgina Resources Pty Limited Pacific Trends Resources Pty Limited Pacific Trends Resources (Singapore) Pte Limited Pacific Trends Resources Chile SpA PTRS Myanmar Company Limited

Previous: IndoAust Mining Pty Limited*

*IndoAust Mining Pty Limited was a company of which Sam Garrett was a director until the company ceased to trade, became dormant and was deregistered. The Australian Securities and Investments Commission (“ASIC”) deregistered IndoAust Mining Pty Limited on 18^th November 2018.

Sam Garrett holds no shares in the Company and has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules. As a condition of his appointment, the Company has agreed to issue him with options to purchase 7,500,000 new ordinary shares of the Company (equating to approximately 1.68% of the Company’s current issued ordinary share capital) at 1.125 pence per share.

The options will vest immediately but will only become exercisable a) after six months of service by Mr Garrett and b) when the Company’s five consecutive trading day volume weighted average share price exceeds a 1.75p threshold. The options will be exercisable for five years from the vesting date. The other terms and conditions of the options shall be the same as for those options in the management and consultant option pool announced by the Company on 11 July 2018 (which have not yet been issued).

The Notification of Dealing Form, under the Market Abuse Regulation, for Sam Garrett can be found below.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1		Details of the person discharging managerial responsibilities/person closely associated
a)		Name		Samuel Garrett
2		Reason for the notification
a)		Position/status		Non-Executive Director
b)		Initial notification/ Amendment		Initial notification
3		Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)		Name		ECR Minerals plc
b)		LEI		213800PBXY96KXHISJ17
4		Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)		Description of the financial instrument, type of instrument Identification code		Ordinary shares of 0.001 pence GB00BYYDKX57
b)		Nature of the transaction		Grant of share options
c)		Price(s) and volume(s)		Price(s)                         Volume(s) 1.125 pence per share          7,500,000
d)		Aggregated information Aggregated volume Price		Price(s)                        Volume(s) 1.125 pence per share          7,500,000
e)		Date of the transaction		22 February 2019
f)		Place of the transaction		London, United Kingdom

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc			Tel: [phone]
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
Email: [e-mail]
Website: www.ecrminerals.com
WH Ireland Ltd			Tel: [phone]
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
SI Capital Ltd			Tel: [phone]
Broker
Nick Emerson

ABOUT ECR MINERALS PLC

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia and the Windidda gold project in Western 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 Argentine subsidiary Ochre Mining has 100% ownership of 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.

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