ECU Silver Mining Inc.

ECU Silver Mining Inc.

December 18, 2007 14:36 ET

ECU Silver Update on New Resource Estimate

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2007) - ECU Silver Mining Inc. (TSX:ECU) provides update regarding status of upcoming resource estimate.

Earlier in the month, a representative from Micon International was in Torreon to review the work we had completed regarding our new upcoming resource estimate. Micon has made several trips to our operations in Mexico and has conducted many reviews of our progress on the new 43-101 compliant resource estimate. The latest review was conducted over a several day period and consisted of a thorough review of the key areas in our Velardena District Properties including San Diego, Santa Juana, San Juanes, San Mateo and Chicago. In the review of each area, Micon requested several items including long sections, cross sections, polygonal 2D and 3D models and overall geological interpretation. Micon also assessed the criteria for resource classification among measured, indicated and inferred resources as well as reviewed metallurgy, databases, quality controls and the parameters surrounding the formula's for calculating the resource value including the criteria for determining NSR cut-offs.

There has been an extensive amount of data and information to review and Micon has indicated to us that they are pleased with the work that has been completed to date by the team in Mexico. Throughout their review Micon has made certain recommendations to our analysis and in particular have identified areas of our analysis where we can upgrade certain resources into the higher classifications of measured and indicated, which the Company views as positive for the resource estimate.

Our geological team in Mexico is working diligently and with considerable intensity to reclassify the above mentioned resources, as well as implementing the other recommendations made by Micon. Due to this work and the upcoming holiday season, we now anticipate that the new resource estimate will be released early in the New Year. We continue to look forward to the reporting of our new resource estimate.

ECU Silver extends our best wishes to all our family, friends and shareholders for the holiday season and for the New Year.

Contact Information

  • ECU Silver Mining Inc.
    Stephen Altmann
    (416) 644-8640
    (416) 644-8801 (FAX)