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Ecometals Announces Exploration Summary 2011 and Plans for 2012; Hits New Year Low

Shares of Ecometals Limited (EC.V) have hit a new year low of $0.125 today, after dropping 7% from the previous $0.135 close.

Today, Ecometals announced the summary of 2011 results and plans for continuation of exploration activities on the Rio Zarza Gold Project in southern Ecuador. Results of the drilling continue to be encouraging for discovery of epithermal type gold mineralization analogous to the adjacent Fruta del Norte deposit operated by Kinross.

The company also reported its plans for 2012, which include the following main tasks and objectives:

- Compilation of 2011 results pending receipt of geochemistry, XRD and

petrography, and other research studies in progress

- Update of exploration conceptual model to refine deep basin drilling

strategy

- Continuation of drilling in the Misahualli-Suarez basin anticipated to

start March 2012

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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