Ecuador Gold and Copper Corp.
TSX VENTURE : EGX

July 14, 2014 09:00 ET

Ecuador Gold Announces Exercise of Warrants

TORONTO, ONTARIO--(Marketwired - July 14, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Ecuador Gold & Copper Corp. (TSX VENTURE:EGX) (the "Company"), is pleased to announce that Aura International Services Ltd. ("Aura") has completed the exercise of 1,000,000 share purchase warrants (the "Warrants") and acquired 1,000,000 common shares of the Company in consideration of paying the Company a total of US$75,000.

The Warrants were issued pursuant to private placements which closed on August 23, 2013 and September 23, 2013 and were exercisable at a price of US$0.075.

Aura previously exercised an aggregate of 38,333,331 share purchase warrants of the Company in consideration of paying the Company US$3,000,000, as further described in the Company's news releases filed on SEDAR.

Aura now holds a total of 129,063,587 common shares of the Company, representing approximately 52.6% of the issued and outstanding shares of the Company on an undiluted basis.

Cautionary Note

Neither the 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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