Holding(s) in Company

ECR Minerals plc

ECR MINERALS plc

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

AIM: ECR

US OTC: MTGDY

Notification of Change in Shareholding

London: 23 December 2011 – ECR Minerals plc advises that the Company was notified on 21 December 2011 by Mr C. Webb that following an acquisition of ordinary shares of the Company of 0.1 pence (“Ordinary Shares”) in the placing announced on 20 December 2011, Mr Webb is the beneficial holder of a total of 19,283,328 Ordinary Shares, equating to approximately 3.01% of the Ordinary Shares in issue. The Company has a total of 639,806,081 Ordinary Shares in issue with each carrying the right to one vote.

For further information please contact:

ECR Minerals plc Tel: +44 (0)20 7929 1010

Michael Silver, Chairman

Patrick Harford, Managing Director

Stephen Clayson, Director & Chief Financial Officer

Luca Tenuta, Non-Executive Director

Email: info@ecrminerals.com

Website: www.ecrminerals.com

Daniel Stewart & Company plc Tel: +44 (0)20 7776 6550

Oliver Rigby/Tessa Smith

Old Park Lane Capital plc Tel: +44 (0)20 7493 8188

Michael Parnes