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EC

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Share Name Share Symbol Market Type
TSXV:EC TSX Venture Common Stock
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Ecometals Announces Visit of Mr. Alex Ellis, British Ambassador to Brazil, to Company's Manganese Operations at Serra do Navi...

24/10/2013 9:39pm

Marketwired Canada


Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) (the "Company") is
pleased to announce that on October 23, 2013, Mr. Alex Ellis, the British
Ambassador to Brazil, visited the Company's manganese operations at Serra do
Navio, Brazil. In a short ceremony the British Ambassador and the Mayor of Serra
do Navio cut a ribbon to mark the formal opening of the project. The previous
evening Mr. William Lamarque, the Company's CEO, had hosted a dinner for the
British Ambassador, attended also by the Governor of the State of Amapa, the
Mayor of Macapa, the State Chief Prosecutor and other local Government and
private sector supporters of the project.


The Company is currently awaiting the renewal of its Environmental License from
IMAP, the State Environmental Agency, before material can be moved onto railcars
to Santana Port. 45,000 metric tonnes, equivalent to one month's production, has
been piled by the railway and assayed, in anticipation of the issue of this
license.


The Company also announces the resignation from the Board of Dr. Vanessa Neumann
for personal reasons with effect from October 11, 2013.


Mr. Lamarque commented on the recent news: "We were very pleased and honoured
that the Ambassador should make the long trip from Brasilia to be our guest on
this symbolic day. We are working with the State Government and IMAP on the
resolution of the final administrative hurdle represented by the Environmental
License. We anticipate shipments beginning very shortly thereafter."


Mr. Russell Fryer, the Chairman of Ecometals commented on Dr Neumann's
resignation: "Dr. Neumann provided unique knowledge and suggestions to the
Board. Ecometals wishes her the very best in her future endeavours."


As announced by the Company on October 2, 2013, all trading in the securities of
the Company, which includes trading in the Company's common shares through the
facilities of the TSX Venture Exchange where such shares are listed, are
currently ceased until the Company files, among other things, certain required
filings and the Cease Trade Order ("CTO") is revoked.


Despite this CTO, a beneficial shareholder of the Company who is not, and was
not at the date of the CTO (October 2, 2013), an insider or control person of
the Company, may sell securities of the Company acquired before October 2, 2013
if:


1. The sale is made through a market outside Canada, and

2. The sale is made through an investment dealer registered in British Columbia.

About Ecometals

Ecometals Limited is a Canadian-listed mineral exploration and development
company focused on mineral resources in Latin America. Apart from its interests
in manganese, Ecometals also has gold exploration activities in Ecuador. 


This news release contains forward-looking information and forward-looking
statements (collectively, "forward-looking information") under applicable
securities laws, concerning the Company's business, operations, condition and
prospects, as well as management's objectives, strategies, beliefs and
intentions, including with respect to the issuance of the Company's
environmental license at Serra do Navio and the future shipments of material
therefrom. This forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause actual results to differ
materially from those expressed or implied by the forward-looking information.
Factors that may cause actual results to vary materially include, but are not
limited to, the failure of IMAP to issue the Company's environmental license at
Serra do Navio in a timely manner, changes in general economic conditions or
conditions in the financial markets, and unanticipated operational or technical
difficulties. Such forward-looking information is based on a number of
assumptions, including but not limited to, there being no significant decline in
existing general business and economic conditions; political stability in the
South American countries where the Company conducts business including Brazil in
particular. Should one or more risks and uncertainties materialize or should any
assumptions prove incorrect, then actual results could vary materially from
those expressed or implied in the forward-looking information and accordingly,
readers are cautioned not to place undue reliance on this forward-looking
information. The Company does not assume the obligation to revise or update this
forward-looking information after the date of this news release or to revise
such information to reflect the occurrence of future unanticipated events,
except as may be required under applicable securities laws.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ecometals Limited - Investors
William Lamarque
Chief Executive Officer
wglamarque@ecometalslimited.com


Ecometals Limited - Information
Enquiries: info@ecometalslimited.com
www.ecometalslimited.com

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