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ECR Minerals PLC

PARTIAL CONVERSION OF LOAN

--(BUSINESS WIRE)--LONDON

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

AIM: ECRUS OTC: MTGDY

PARTIAL CONVERSION OF LOAN

announces the issue and allotment of 60,962,963 new ordinary shares of each in the Company (“Ordinary Shares”) at a price of £0.001080 () per share pursuant to the conversion of of outstanding principal amount under the Company’s convertible loan facility (the “Facility”) with (“YA Global”). Accordingly, the outstanding principal amount will be reduced by , leaving a total of in principal amount outstanding under the Facility.: -LONDON28 APRIL 2015ECR Minerals plcYA Global Master SPV Ltd0.1 pence0.1080 penceUS$100,000US$100,000US$1,385,712

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

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 (“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.1 May 2015

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 . Itogon is an advanced exploration project located in a gold and copper mining district in the north of .the Philippinesthe Philippines

ECR has a 100% interest in the SLM gold project in , , 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.La Rioja ProvinceArgentina

ECR continues to review potential new investments on a highly selective basis, with a concentration on precious, base and strategic metals projects in and .AsiaSouth America

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.

ECR Minerals plc

Source:ECR Minerals plc

FOR FURTHER INFORMATION PLEASE CONTACT:

 
 
ECR Minerals plcTel: +44 (0)20 7929 1010
, Non-Executive ChairmanPaul Johnson
, Director & CEOStephen Clayson
, Technical DirectorRichard (Dick) Watts
 

Email:info@ecrminerals.com

Website:www.ecrminerals.com

 
Cairn Financial Advisers LLPTel: +44 (0)207 148 7900
Nominated Adviser
/Jo TurnerEmma Earl
 
Daniel Stewart & Company plcTel: +44 (0)20 7776 6550
Broker
Martin Lampshire
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