Ecometals Ltd. announced that Mr. Lawrence M. Clark, Jr. who was recently appointed to the Board of Directors of the Company did not stand for election at the annual general meeting of shareholders held on December 17, 2012 (AGM). Mr. Clark decided that the Company's interests would be best served by him acting in an advisory role. Accordingly, Mr. Clark will continue to provide advice to the Company while it is considering a number of strategic actions to reposition itself as a leader in South American mining.

In his place, Mr. Russell Fryer was nominated and elected at the AGM. Russell Fryer has 23 years experience investing in developed and developing markets with a focus on mining and natural resources. With a background in engineering, Mr. Fryer has advised mining companies in pre-production and production stage of mineral output.

Previously, Mr. Fryer was a Managing Director at Macquarie Bank. Before Macquarie, Mr. Fryer managed investor capital in the natural resources sector at Baobab Asset Management and North Sound Capital. Throughout his career, Mr. Fryer has also worked with investment banking firms such as Robert Fleming, HSBC and Deutsche Bank.