Argentina Drilling Update

Argentina Drilling Update

ECR Minerals plc

ECR MINERALS plc

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

AIM: ECR

US OTC: MTGDY

ARGENTINA DRILLING UPDATE

London: 9 May 2012 - ECR Minerals plc is pleased to provide the following update on activities at the El Abra prospect within the Company’s Sierra de las Minas gold project area in La Rioja Province, Argentina.

Further to ECR’s announcement of 27 April 2012, all 12 holes of the 1,000m diamond drilling programme which commenced at El Abra in late March 2012 have been completed and core samples from the last 4 holes of the programme have been sent for assay at the internationally accredited AcmeLabs laboratory in Mendoza, Argentina.

Assay results in respect of holes 9, 10, 11 and 12 are awaited, and are still pending in respect of hole 4. Assay results for all 5 outstanding holes will be announced in due course.

Proactive Investors Presentation

ECR will be presenting at the Proactive Investors One2One Investor Forum to be held on 17 May 2012 at the Chesterfield Mayfair Hotel (Charles Suite), 35 Charles Street, Mayfair, London W1J 5EB. The event begins at 6pm and persons wishing to attend may register at www.proactiveinvestors.co.uk

About ECR Minerals plc

ECR is a mineral development company with interests in Argentina, the USA, Indonesia, Thailand and Australia.

For further information please contact:

ECR Minerals plc Tel: [phone]
Patrick Harford, Executive Chairman
Stephen Clayson, Director & Chief Financial Officer

Email: [e-mail]
Website:www.ecrminerals.com

Daniel Stewart & Company plc Tel: [phone]
Paul Shackleton/Tessa Smith/David Hart

Old Park Lane Capital plc Tel: [phone]
Michael Parnes

Blythe Weigh Communications Tel: [phone]
Matthew Neal/Tim Blythe/Paul Weigh