Issue of Options

Issue of Options

ECR Minerals plc

ECR MINERALS plc

(“ECR Minerals” or the “Company”)

Issue of Options

ECR Minerals plc (LON:ECR), the exploration and development company focused on gold in Australia, is pleased to announce that it has today issued new options (“New Options”) over 68,100,000 ordinary shares in the Company, to senior employees and certain directors / PDMRS of the Company.

The new options will be valid for five years. They will be issued in three equal tranches and are priced at 1p, 2p and 3p. Exercise of each tranche of the New Options is conditional on the Volume Weighted Average Price of the shares for 14 days being equal to or higher than the relevant exercise price prior to exercise. Exercise of the options is also dependant on the relevant director or employee still being employed by the Company at the time of exercise.

The Directors and PDMRs receiving shares are as follows:

Name of Director / PDMR	No. of New Options	Tranche 1: 1p Options	Tranche 2: 2p Options	Tranche 3: 3p Options	Total Options Held*
David Tang (Chairman)	6,000,000	2,000,000	2,000,000	2,000,000	16,000,000
Adam Jones (Director)	12,000,000	4,000,000	4,000,000	4,000,000	17,000,000
Andrew Scott (NED)	6,000,000	2,000,000	2,000,000	2,000,000	21,000,000
Andrew Haythorpe (CEO)	33,000,000	11,000,000	11,000,000	11,000,000	33,000,000

*total options held includes options held under prior Option Schemes. More details of these are set out in the Company’s Annual Report and Accounts.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

“Standard Forms of Notification”

2	Details of the person discharging managerial responsibilities
a)	Name	David Tang
2	Reason for the notification
a)	Position/status	Chairman & Director
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECR Minerals plc
b)	LEI	213800PBXY96KXHISJ17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	ordinary shares of 0.001p each GB00BYYDKX57
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) 1p per share 2p per share 3p per share Volume(s) 2,000,000 2,000,000 2,000,000
d)	Aggregated information - Aggregated volume - Price	6,000,000 2p
e)	Date of the transaction	17 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)
1	Details of the person discharging managerial responsibilities
a)	Name	Adam Jones
2	Reason for the notification
a)	Position/status	Technical Director
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECR Minerals plc
b)	LEI	213800PBXY96KXHISJ17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	ordinary shares of 0.001p each GB00BYYDKX57
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) 1p per share 2p per share 3p per share Volume(s) 4,000,000 4,000,000 4,000,000
d)	Aggregated information - Aggregated volume - Price	4,000,000 2p
e)	Date of the transaction	17 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities
a)	Name	Andrew Scott
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECR Minerals plc
b)	LEI	213800PBXY96KXHISJ17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	ordinary shares of 0.001p each GB00BYYDKX57
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) 1p per share 2p per share 3p per share Volume(s) 2,000,000 2,000,000 2,000,000
d)	Aggregated information - Aggregated volume - Price	6,000,000 2p
e)	Date of the transaction	17 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities
a)	Name	Andrew Haythorpe
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	ECR Minerals plc
b)	LEI	213800PBXY96KXHISJ17
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	ordinary shares of 0.001p each GB00BYYDKX57
b)	Nature of the transaction	Issue of Options
c)	Price(s) and volume(s)	Price(s) 1p per share 2p per share 3p per share Volume(s) 11,000,000 11,000,000 11,000,000
d)	Aggregated information - Aggregated volume - Price	33,000,000 2p
e)	Date of the transaction	17 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc		Tel: [phone]
David Tang, Non-Executive Chairman Andrew Haythorpe, CEO
Email: [e-mail]
Website: www.ecrminerals.com
WH Ireland Ltd		Tel: [phone]
Nominated Adviser Katy Mitchell / Andrew de Andrade
SI Capital Ltd		Tel: [phone]
Broker
Nick Emerson
Novum Securities Limited		Tel: [phone]
Broker Jon Belliss
Brand Communications		Tel: [phone]
Public & Investor Relations
Alan Green

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km² over a relatively unexplored area in Queensland, Australia.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

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