Issue of Equity

Issue of Equity

ECR Minerals plc

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

AIM: ECR
US OTC: MTGDY

ISSUE OF EQUITY

London: 17 March 2011 – ECR Minerals plc announces that it has issued 22,727,272 ordinary shares of 0.1 pence par value pursuant to the conversion of convertible loan notes totalling £250,000 based on a conversion price of 1.1 pence per share. The Company has also issued a further 762,141 ordinary shares in settlement of convertible loan note interest totalling £8,383.56 based on a price of 1.1 pence per share.

Pursuant to this announcement application has been made for 23,489,413 ordinary shares to be admitted to trading on AIM. Dealings are expected to commence on 23 March 2011. The Company now has a total of 534,098,587 ordinary shares in issue.

About ECR Minerals

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

For further information please contact:

ECR Minerals plc	Â	Â	Â	Â	Â	Â	Â		Â	Â
Michael Silver, Chairman								Tel: [phone]
Patrick Harford, Managing Director
Stephen Clayson, Chief Financial Officer
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Email: [e-mail]
Website: www.ecrminerals.com
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Oliver Rigby/Tessa Smith								Tel: [phone]
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Forbes Cutler								Tel: [phone]
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Blythe Weigh Communications
Ana Ribeiro								Tel: [phone]
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Larry Kaplan								Tel: [phone]
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