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: 6 AUGUST 2015 - ECR Minerals plc announces the issue and allotment of 111,582,609 new ordinary shares of 0.001 pence each in the Company (“Ordinary Shares”) at a price of 0.0575 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$835,712 in principal amount outstanding under the Facility.

A further 1,079,009 new Ordinary Shares are to be issued and allotted to YA Global at a price of 0.0575 pence per share in settlement of accrued interest.

Pursuant to this announcement, application has been made for 112,661,618 new Ordinary Shares of the Company to be admitted to trading on AIM. This is expected to occur on 11 August 2015 (“Admission”). The new Ordinary Shares will rank pari passu in all respects with the Ordinary Shares of the Company currently traded on AIM.

Following Admission, and following First Admission and Second Admission (as those terms are defined in the Company’s announcement dated 3 August 2015), it is expected that ECR’s issued ordinary share capital will consist of 4,647,548,656 Ordinary Shares. Following Admission and First Admission only, it is expected that the Company’s issued ordinary share capital will consist of 4,191,993,102 Ordinary Shares.

FOR FURTHER INFORMATION PLEASE CONTACT:

ECR Minerals plc		Tel: [phone]
William (Bill) Howell, 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
Vicarage Capital Ltd		Tel: [phone]
Broker
Rupert Williams/Jeremy Woodgate

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