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: 29 December 2010 – ECR Minerals plc announces that 14,222,173 ordinary shares of the Company of 0.1p par value have been issued pursuant to the exercise of warrants and the conversion of convertible loan notes.

A total of 11,949,446 warrants were exercised at a price of 1p per share and convertible loan notes of face value £25,000 were converted based on a price of 1.1p per share.

Pursuant to this announcement application has been made for 14,222,173 Shares to be admitted to trading on AIM. Dealings are expected to commence on 6 January 2011. Following admission of these shares the Company will have a total of 486,972,812 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
Michael Silver, Chairman		Tel: [phone]
Patrick Harford, Managing Director
Email: [e-mail]
Website: www.ecrminerals.com
Daniel Stewart & Company plc
Oliver Rigby/Tessa Smith		Tel: [phone]
Old Park Lane Capital plc
Forbes Cutler		Tel: [phone]
Barry Kaplan Associates
Larry Kaplan		Tel: [phone]