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

Ecometals Limited

December 31, 2010 13:10 ET

Ecometals Announces Changes to Its Key Officers and Audit Committee

TORONTO, ONTARIO--(Marketwire - Dec. 31, 2010) - Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) –

Ecometals (the "Company") would like to announce the following changes which the Board has resolved to take effect from January 1st 2011.

Mr William Lamarque, currently a Non Executive Director of the Company is appointed as Chief Executive Officer of the Company, replacing Mr Fran Scola who resigns from that position but remains as a Non Executive Director.

Mr Daniel Major , currently Chief Operating Officer of the Company, resigns from that position and becomes Non Executive Chairman of the Company, replacing Mr Keith Hulley, who remains as a Non Executive Director.

Mr Keith Hulley becomes Chairman of the Audit Committee, replacing Mr William Lamarque who remains on the Committee.

Mr Fran Scola comments: " On behalf of the Board, we are delighted that Mr William Lamarque has accepted this appointment in this important development stage of the Company. We would also like to thank Mr Daniel Major for his efforts in the role of Chief Operating Officer since he joined the Company in April 2008, and welcome him in his new role as Chairman."

About Ecometals

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