Exercise of Warrants by Director

Exercise of Warrants by Director

ECR Minerals plc

16 December 2020

ECR MINERALS plc

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

EXERCISE OF WARRANTS BY DIRECTOR

EXERCISE OF SHARE OPTIONS

ISSUE OF SHARE OPTIONS

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, is pleased to announce the following.

Exercise of warrants (“Warrant Shares”)

ECR has received notice from Craig Brown, director & CEO of the Company, to exercise warrants over 1,428,571 new ordinary shares at 1.125 pence in the Company. Following such exercise Craig Brown will hold 4,406,413 ordinary shares representing approximately 0.68% of the Company’s enlarged issued share capital.

Notice from another party to exercise warrants over a further 2,767,820 new ordinary shares at an exercise price of 1 penny in the Company has also been received.

Funds totalling £43,749.62 have been received by the Company in relation to these Warrant Shares.

Exercise of options (“Option Shares”)

In addition, notices to exercise options over 5,000,000 shares (“Option Shares”) at 1.125 pence has been received. Funds of £56,250 have been received by the Company in relation to these Option Shares.

Issue of options

Further to its announcements dated 11 July 2018 and 23 October 2020, the Company has allocated an aggregate of 13,200,000 share options (“Options”) from the management and consultant option pool to certain key management and staff, including 10,000,000 options which have been issued to Craig Brown, director & CEO of the Company as part of his normal remuneration and in recognition of his contribution to the Company. This completes the allocation of options from the management and consultant option pool announced in July 2018. The Options have been issued with an exercise price of 1.125 pence per share.

Admission of shares

Application has been made for the Option Shares and the Warrant Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur on or around 22 December 2020. Upon Admission, ECR’s issued ordinary share capital will comprise 650,150,304 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules. The Option Shares and the Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc		Tel: [phone]
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
Email: [e-mail]
Website: www.ecrminerals.com
WH Ireland Ltd		Tel: [phone]
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
SI Capital Ltd		Tel: [phone]
Broker
Nick Emerson

ABOUT ECR MINERALS PLC

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX), ECR has the right to receive up to A$2 million in payments subject to future resource estimation or production at those projects.

ECR has earned a 25% interest in the Danglay gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, and holds a royalty on the SLM gold project in La Rioja Province, Argentina.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Craig Brown
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECR Minerals PLC
b)	LEI	213800PBXY96KXHISJ17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares GB00BYYDKX57
b)	Nature of the transaction	Exercise of Warrants Issue of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) (a) GBP£0.01125 (a) 1,428,571 (a) GBP£0.01125 (b) 10,000,000
d)	Aggregated information - Aggregated volume - Price	1,428,571 shares GBP£0.01125 10,000,000 shares (options) GBP£0.01125
e)	Date of the transaction	16/12/2020
f)	Place of the transaction	London, off market

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