Partial Conversion of Loan

Partial Conversion of Loan

ECR Minerals plc

ECR MINERALS plc

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

AIM: ECR

US OTC: MTGDY

PARTIAL CONVERSION OF LOAN

LONDON: 15 SEPTEMBER 2014

ECR Minerals plc announces the issue and allotment of 28,066,424 new ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of £0.002198 (0.2198 pence) per share pursuant to the conversion of US$100,000 of the outstanding principal amount of the convertible loan of US$1.5 million (the “Loan”) received from YA Global Master SPV Ltd (“YA Global”) and announced on 3 September 2014. Accordingly, the outstanding principal amount of the Loan will be reduced by US$100,000.

An additional 1,153,417 new Ordinary Shares are to be issued and allotted to YA Global at a price of £0.002198 (0.2198 pence) per share in settlement of accrued interest on the Loan.

Pursuant to this announcement, application has been made for 29,219,841 new Ordinary Shares of the Company to be admitted to trading on AIM. This is expected to occur on 19 September 2014 (“Admission”). Following Admission, ECR’s issued ordinary share capital will consist of 3,288,349,154 Ordinary Shares. The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM.

The total of 3,288,349,154 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 FCA’s Disclosure and Transparency Rules.

ABOUT ECR

ECR is a mineral exploration and development company with, among other interests, the right to earn a 50% interest in the Itogon gold project in the Philippines. Itogon is an advanced exploration project located in a gold and copper mining district on the island of Luzon in the north of the Philippines.

ECR has a 100% interest in the Sierra de las Minas gold project in Argentina, the exploration strategy for which is to delineate multiple medium to high grade, low tonnage deposits suitable for advancement to production on a relatively low capital, near term basis.

ECR holds a substantial minority stake in THEMAC Resources Group Ltd (TSX-V: MAC), which is focused on the development of the Copper Flat copper-molybdenum-gold-silver porphyry project in New Mexico, USA.

FOR FURTHER INFORMATION PLEASE CONTACT:

ECR Minerals plc		Tel: [phone]
Paul Johnson, Non-Executive Chairman
Stephen Clayson, Director & Chief Executive Officer
Richard (Dick) Watts, Technical Director
Email: [e-mail]
Website: www.ecrminerals.com
Daniel Stewart & Company plc		Tel: [phone]
Emma Earl/Harrison Clarke (Nominated Adviser)
Colin Rowbury (Broker)

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.