ECU Silver Mining Inc.
TSX : ECU

ECU Silver Mining Inc.

August 13, 2009 19:40 ET

ECU Silver Responds to Demand Notice

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2009) - ECU Silver Mining Inc. ("ECU Silver") (TSX:ECU) confirms that, as publicly announced by its San Diego Property joint venture partner, Golden Tag Resources Ltd. ("Golden Tag"), without any prior discussions having taken place between the parties about the matter, ECU Silver has received a notice from Golden Tag demanding the cessation of all metallurgical testing being performed by ECU Silver on stockpiles located on the San Diego Property. These stockpiles are comprised of waste materials that were left over by previous operators of the San Diego Property who deemed the materials to be of no economic value, which waste materials were subsequently cleaned of high grade pieces by independent miners.

ECU Silver had begun to perform metallurgical testing of these stockpiles when the opportunity to do so arose as a result of ECU Silver's recent acquisition of a new oxide mill. The goal of such testing was to contribute to the ongoing research efforts aimed at improving the various metallurgical solutions for the mineralized material in the area, all with a view to enhancing the operations of the San Diego Joint Venture as opposed to exclusively enriching ECU Silver, as intimated by Golden Tag in its recent press release.

Although ECU Silver takes issue with many of the positions asserted by Golden Tag, until such time as it is able to establish a productive dialogue with Golden Tag, ECU Silver shall cease its metallurgical testing of the stockpiles.

Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, the proposed construction of a mill, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for their activities, to produce minerals from their properties successfully or profitably, to continue their projected growth, to raise the necessary capital or to be fully able to implement their business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release.

Contact Information

  • ECU Silver Mining Inc.
    Michel Roy
    Chairman and CEO
    011 52 871 747 5750
    or
    ECU Silver Mining Inc.
    Stephen Altmann
    President
    (416) 366-2428