Echelon Capital Corporation and Congo Mineral Resources Terminate Proposed Transaction


TORONTO, ONTARIO--(Marketwire - May 2, 2011) - Echelon Capital Corporation ("Echelon") (TSX VENTURE:ECO.H), a Capital Pool Company listed on the NEX exchange, announces that its proposed Qualifying Transaction with Congo Mineral Resources SPRL announced on March 5, 2010 has been terminated by both of the parties. Echelon is pursuing opportunities for a new transaction with third parties. Any details of a new arrangement will be distributed when available.

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Contact Information:

Echelon Capital Corporation
John Eckert
President and Chief Executive Officer
(416) 363-2000