Ecometals Limited: Cease Trade Order

Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) (the "Company")
wishes to advise that a Cease Trade Order (the "CTO") has been issued by the
British Columbia Securities Commission (the "BCSC") against the Company for
failing to file its audited financial statements for the year ended March 31,
2013 and its interim financial statements for the three months ended June 30,
2013, as well as the related Management's Discussion and Analysis and Chief
Executive Officer and Chief Financial Officer certifications for such periods
(collectively, the "Required Filings"). It is anticipated that a similar order
will be issued by the Alberta Securities Commission as the Company is a
reporting issuer in Alberta.


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, will cease until the Company files, among other things,
the Required Filings and the CTO is revoked.


On July 26, 2013, the Company announced (the "Default Notice") that, for the
reasons disclosed in the Default Notice, there would be a delay in the filing of
its audited financial statements for the year ended March 31, 2013, as well as
the related Management's Discussion and Analysis and Chief Executive Officer and
Chief Financial Officer certifications for such period beyond the 120 day period
prescribed for the filing of such documents. As a result of this delay in filing
such financial information, on July 29, 2013, the BCSC, the principal regulator
of the Company, issued a management cease trade order (the "MCTO"), which
imposed restrictions on all trading in securities of the Company by the Chief
Executive Officer and the Chief Financial Officer of the Company and all the
directors of the Company until the Company files such financial information and
the BCSC revokes the MCTO. 


The Company confirms that it is continuing to work with its auditors to complete
the audit as soon as possible. While the Company's local auditors have
substantially advanced their audit in Ecuador, in Brazil such audit has been
delayed by, among other things, an ongoing bank strike which prevents the
Company from obtaining for audit purposes required confirmations of bank
balances, indebtedness and other related information. The Company currently
anticipates filing the Required Filings by the end of October 2013. The Company
will update the anticipated date for completion as the work progresses.


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, which may often be identified by such words as "may", "will",
"plan", "expect", "estimate", "anticipate", "believe", "intend" and similar
words referring to future events and results, including with respect to the
anticipated filing date of the Required Filings. 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, unanticipated
difficulties by the Company's auditors to complete their audit in a timely
manner. Such forward-looking information is based on a number of assumptions,
including but not limited to, the ability of the Company's auditors to complete
their audit in a timely manner and the Company's ability to complete all interim
financial information in a timely manner after the audited financial information
has been produced, there being no significant decline in existing general
business and economic conditions and political stability in the South American
countries where the Company conducts business. 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
[e-mail]


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