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EXERCISE OF WARRANTS

LONDON–(BUSINESS WIRE)–

ECR MINERALS plc

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

AIM: ECR

US OTC: MTGDY

EXERCISE OF WARRANTS

LONDON: 18 SEPTEMBER 2013

ECR Minerals plc announces the issue and allotment of 300,000,000 new

ordinary shares of the Company at a price of 0.2p per share pursuant to

the exercise of 300,000,000 share purchase warrants. Subscription monies

of £600,000 have been received by ECR in respect of the exercise of

these warrants.

A total of 392,500,000 like warrants were granted by the Company in

connection with the redemption of convertible loan notes. Of these,

355,000,000 warrants have now been exercised, and the remaining

37,500,000 warrants will expire on 25 September 2013 unless exercised by

that date.

Pursuant to this announcement, application has been made for 300,000,000

new ordinary shares of the Company to be admitted to trading on AIM.

This is expected to occur on 24 September 2013. Following admission,

ECR’s issued ordinary share capital will consist of 3,221,629,313

ordinary shares. The new ordinary shares will rank pari passu in all

respects with the ordinary shares of the Company currently traded on AIM.

The total of 3,221,629,313 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 MINERALS PLC

ECR is a mineral development company with, among other interests, the

right to earn a 50% interest in the Itogon gold-silver project in the

Philippines. The Itogon project is an advanced exploration project

located in a gold and copper mining district on the island of Luzon in

the north of the Philippines, and benefits from an extensive historical

dataset.

ECR also has 100% ownership of the Sierra de las Minas gold project in

La Rioja Province, Argentina; and a substantial minority stake in THEMAC

Resources Group Ltd (TSX-V: MAC), which is focused on the development of

the Copper Flat copper-molybdenum-gold-silver porphyry project in New

Mexico, USA.

FOR FURTHER INFORMATION PLEASE CONTACT:

ECR Minerals plc Tel: +44 (0)20 7929 1010

Paul Johnson, Non-Executive Chairman

Stephen Clayson, Director & Chief Executive Officer

Email: info@ecrminerals.com

Website: www.ecrminerals.com

Daniel Stewart & Company plc Tel: +44 (0)20 7776 6550

David Hart/Antony Legge

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.

Short Name: ECR Minerals plc

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