Ecometals Announces Closing of Convertible Debenture Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED
STATES


Ecometals Limited (the "Company") (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ)
has completed a previously announced private placement of convertible debentures
(the "Offering") in reliance on the TSXV Bulletin dated December 12, 2012,
Private Placements - Temporary Relief From Certain Pricing Requirements (the
"Bulletin"). The Offering consisted of 120 units of securities of the Company
(each a "Unit") at a price of US$1,000 per Unit (the "Issue Price") for proceeds
of US$120,000.


Each Unit comprises a convertible unsecured debenture (the "Debenture") of the
Company in the principal amount of US$1,000, convertible at the option of the
holder at anytime up to and including March 27, 2014 for 20,000 common shares of
the Company, being a conversion price of $0.05 per share. The remainder of the
Unit consists of 20,000 common share purchase warrants (each, a "Warrant"), with
each Warrant entitling the holder thereof to acquire one Common Share at a price
of $0.05 until March 27, 2014.


As per the requirements of the Bulletin, the Company will use $50,000 of the
proceeds for general working corporate purposes with the remainder of the
proceeds earmarked to pay (a) legal fees; (b) labor related obligations in
Ecuador; (c) regulatory taxes and environmental work in Ecuador (d) for rent
payments due on the Macapa office as well as related payments to service
providers. The offering has been approved by the board of directors of the
Company. All securities issued today are subject to a four month hold period in
Canada. 


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. 


About Ecometals

Ecometals Limited is a Canadian TSX Venture Exchange listed mineral exploration
and development company focused on the mineral resources in Latin America. Apart
from its gold exploration in Ecuador, Ecometals also has significant manganese,
iron and gold projects in Brazil at grass roots exploration and development
planning stages.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ecometals Limited - Investors
William Lamarque
Chief Executive Officer
[e-mail]


Ecometals Limited - Investors
Andrew Robertson
Chief Financial Officer
+ 44 207 340 8521
[e-mail]


Ecometals Limited - Information
[e-mail]
www.ecometalslimited.com