Grant of Options

Grant of Options

ECR Minerals plc

ECR MINERALS plc

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

AIM: ECR

US OTC: MTGDY

GRANT OF OPTIONS

LONDON: 31 DECEMBER 2014 - ECR Minerals plc announces the grant of 208,940,427 share options (the “Options”) to directors, staff and consultants. The Options have been granted under the Company’s unapproved share option plan (the “Option Plan”).

Each Option is exercisable to acquire one ordinary share of the Company at a price of £0.00275 (0.275 pence) per share. The Options will remain valid, subject to the rules of the Option Plan, until the fifth anniversary of the date of grant. The Options will vest immediately.

The exercise price of the Options equates to a premium of approximately 45% to the closing mid-market price of the Company’s shares on AIM on 30 December 2014.

Options have been granted to directors of the Company as follows:

Director		Number of options held prior to this grant		Number of options granted		Total number of options held		% of current issued ordinary share capital
Stephen Clayson		58,945,872		71,055,089		130,000,961		3.71%
Paul Johnson		27,522,936		35,527,545		63,050,481		1.80%
Richard Watts		19,816,514		25,579,832		45,396,346		1.30%

Paul Johnson, Non-Executive Chairman of ECR, commented:

“The ECR team in the UK, Argentina and the Philippines continue to work in a smart, efficient and results oriented manner to drive the business forward and build value for our shareholders. It is crucial that this high level of commitment is maintained and that the interests of directors, staff and key consultants remain aligned with those of shareholders. Incentive share options are an important means of achieving this.”

FOR FURTHER INFORMATION PLEASE CONTACT:

ECR Minerals plc					Tel: [phone]
Paul Johnson, Non-Executive Chairman
Stephen Clayson, Director & CEO
Richard (Dick) Watts, Technical Director
Email: [e-mail]
Website: www.ecrminerals.com
Cairn Financial Advisers LLP					Tel: [phone]
Nominated Adviser
Jo Turner/Liam Murray
Daniel Stewart & Company plc					Tel: [phone]
Broker
Colin Rowbury