Ecometals Limited
FRANKFURT : GDQ
BERLIN : GDQ
TSX VENTURE : EC

Ecometals Limited

January 28, 2010 13:02 ET

Ecometals Limited Announces Accelerated Expiry of Warrants

TORONTO, ONTARIO--(Marketwire - Jan. 28, 2010) -

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) announces that, further to its press releases dated October 9, 2009 and October 26, 2009 announcing the issuance of an aggregate of 12,490,476 units to subscribers and 328,959 units to finders (the "Offering"), it has provided notice to all holders of warrants (the "Warrants") issued pursuant to the Offering that the Company has exercised its right to accelerate the expiry date of the Warrants pursuant to the terms of the Warrants. The Warrants will now expire at 5:00 pm (Vancouver time) on February 26, 2010.

The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer of securities for sale in the United States or Canada or the solicitation of an offer to buy securities in the United States or Canada, nor shall there be any sale of the securities in any jurisdiction or state in which such offer, solicitation or sale would be unlawful.

About Ecometals

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

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.

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