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: 28 APRIL 2015 - ECR Minerals plc announces the issue and allotment of 60,962,963 new ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of £0.001080 (0.1080 pence) per share pursuant to the conversion of US$100,000 of outstanding principal amount under the Company’s convertible loan facility (the “Facility”) with YA Global Master SPV Ltd (“YA Global”). Accordingly, the outstanding principal amount will be reduced by US$100,000, leaving a total of US$1,385,712 in principal amount outstanding under the Facility.

A further 4,300,324 new Ordinary Shares are to be issued and allotted to YA Global at a price of £0.001080 (0.1080 pence) per share in settlement of accrued interest.

Pursuant to this announcement, application has been made for 65,263,287 new Ordinary Shares of the Company to be admitted to trading on AIM. This is expected to occur on 1 May 2015 (“Admission”). Following Admission, ECR’s issued ordinary share capital will consist of 3,653,324,804 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 3,653,324,804 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 in the north of the Philippines.

ECR has a 100% interest in the SLM gold project in La Rioja Province, 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 continues to review potential new investments on a highly selective basis, with a concentration on precious, base and strategic metals projects in Asia and South America.

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/Emma Earl
Daniel Stewart & Company plc		Tel: [phone]
Broker
Martin Lampshire

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.