ECU Silver Mining Inc.

ECU Silver Mining Inc.

January 23, 2006 09:35 ET

ECU Silver Mining Inc.: Press Release

TORREON, COAHUILA--(CCNMatthews - Jan. 23, 2006) - ECU Silver Mining inc. (TSX VENTURE:ECU) (the "Company") is pleased to announce that the Company's major exploration drilling program officially started with the arrival of the first drill on-site. Two more drills are scheduled to arrive on-site in two weeks as they complete work with their current contracts. The Company has planned a drilling program of 50 holes for 15,000 meters which will be aimed at collecting the information required to enable the Company to update the Mineral Inventory.

In December 2005, the Company had initiated the preparation for this program and there are currently 3 drill stations ready with two more to be completed shortly and five more planned. All the holes will be drilled from various underground stations located in the Santa Juana, Terneras and San Mateo mines. From each station, a minimum of 1,500 meters will be drilled for an average of 5 holes but this could be increased if justified by the results.

Initial targets will be the Tres Aguilas sector of the Santa Juana mine where new veins have been encountered recently (see Stockwatch press release dated January 13 and 19 2006). Other targets include sections where the Company expects to encounter more veins in a pattern similar to what was mined on the other side of the fault. Drilling of the first hole has already started and assays are pending.

Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

ECU Silver Mining Inc is a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardena, Mexico where historically over 500,000 ounces of Gold and 250,000,000 ounces of silver have been mined. Full scale production began in May 2005 at the Company's Santa Juana mine. To ensure the Company is positioned for continued growth and expansion, and to take full advantage of the current record setting metals prices, the Company has a fully operational infrastructure in place, several months of planned production available from the current stopes, and ongoing exploration programs.

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

Head Office
Quebec, Canada
J9X 7C8
Tel : (819) 797-1210
Fax : (819) 797-1214

Corporate Office
J. I. Jimenez 663
colonia Los Angeles
Torreon, Coahuila,
Mexico, 27000
Tel: (01152)-871-717-8633
Fax: (01152)-871-718-5025

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

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