Ecometals Limited

Ecometals Limited

April 28, 2008 07:00 ET

Ecometals Appoints Chief Operating Officer

TORONTO, ONTARIO--(Marketwire - April 28, 2008) - Ecometals Limited (TSX VENTURE:EML)(BERLIN:GDQ)(FRANKFURT:GDQ) is pleased to announce the appointment of Daniel J. Major as Chief Operating Officer.

Mr. Major brings more than 20 years of experience in the mining industry, including field operations supervision, mine planning, project development and mergers & acquisitions in a number of countries worldwide.

Mr. Major comes to Ecometals from Basic Element, a large and diversified Moscow-based conglomerate that he joined in 2003. He was Chief Executive Officer of the resource division, responsible for development of mining and timber assets in Russia. The division has annual turnover in excess of US $650M and over 17,000 employees.

Prior to Basic Element, Mr. Major was a globally ranked senior mining analyst at financial institutions that included HSBC and Morgan Stanley. He holds a B.Eng.(Honors) from Camborne School of Mines in Cornwall, England.

"We are extremely fortunate to have a person of Daniel's calibre join us at this critical stage of our development," said Keith Hulley, Chairman of Ecometals.

Fran Scola, Chief Executive Officer of Ecometals added, "We have aggressive plans to develop our iron and manganese holdings in Brazil, and we are implementing ambitious exploration programs at our properties in Ecuador. Daniel's expertise will be put to good use in both regions."

As part of his compensation package, Mr. Major has been awarded 3 million three-year options under the company's existing employee stock option plan. The options have an exercise price of C$0.50 per share and vest over 18 months in equal monthly instalments.

About Ecometals

Ecometals Limited is a Canadian-listed mineral exploration and development company focused on mineral resources in Latin America. Ecometals also holds 44.4% of Atomaer Holdings Pty Ltd., a private Australian holding company.

Cautionary Statement Regarding Forward-Looking Statements

Statements contained in this release that do not express historical facts are forward-looking statements. Such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from those expressed in them. These include risks relating to changes in economic or environmental conditions and the company's ability to execute its business model and strategic plans. The company relies on litigation protection for forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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