EC

Ecometals Limited (the "Company") (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ)
announces that on September 23, 2013 it completed a previously announced private
placement of convertible debentures (the "Offering") consisting of 150 units of
securities of the Company (each a "Unit") at a price of US$1,000 per Unit (the
"Issue Price") for proceeds of US$150,000.


Each Unit comprises a convertible unsecured debenture (the "Debenture") of the
Company in the principal amount of US$1,000, convertible at the option of the
holder at anytime up to and including September 23, 2014 for 20,000 common
shares of the Company, being a conversion price of $0.05 per share. The
remainder of the Unit consists of 20,000 common share purchase warrants (each, a
"Warrant"), with each Warrant entitling the holder thereof to acquire one Common
Share at a price of $0.05 until September 23, 2014. All securities issued in the
Offering are subject to a hold period expiring on January 24, 2014.


As previously announced the proceeds will be used for completion of the
Company's audit for the year ended March 31, 2013, working capital purposes and
to maintain the Company's existing operations, activities and assets.


In addition to the closing of the above private placement the Company is
providing a bi-weekly Default Status Report in accordance with National Policy
12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On
July 26, 2013, the Company announced (the "Default Notice") that, for the
reasons disclosed in the Default Notice, there would be a delay in the filing of
its audited financial statements for the year ended March 31, 2013 and its
related Management's Discussion and Analysis and Chief Executive Officer and
Chief Financial Officer certifications for the year ended March 31, 2013
(collectively, the "Required Filings") beyond the 120 day period prescribed for
the filing of such documents.


As a result of this delay in filing, on July 29, 2013, the British Columbia
Securities Commission (the "BCSC"), the principal regulator of the Company,
issued a management cease trade order (the "MCTO"), which imposed restrictions
on all trading in securities of the Company by the Chief Executive Officer, the
Chief Financial Officer and all the directors of the Company until the Company
files the Required Filings and the BCSC makes an order revoking the MCTO. All
other parties are permitted to freely trade the Company's securities.


Further to its press release of September 10, 2013, the Company continues to
work towards bringing its manganese project at Serra do Navio into production
with a targeted first shipment of manganese mineralized material in early
October 2013. The Company is making encouraging headway in this regard and hopes
to provide further updates on the first shipment and subsequent sale of this
material shortly.


Work on the Company's audit is ongoing and the Company will provide a definitive
date for completion in due course. 


Until the Required Filings and, as notified in its press release of August 27,
2013, the Company's June 30, 2013 interim filing are filed, the Company intends
to continue to satisfy the provisions of the Alternative Information Guidelines
(the "AIG") specified in Section 4.4 of NP 12-203 by issuing bi-weekly Default
Status Reports, each of which will be issued in the form of a news release. The
Company intends to file, if required, its next Default Status Report by October
8, 2013. 


Other than as previously disclosed there is no other material information
concerning the affairs of the Company that has not been generally disclosed.


About Ecometals

Ecometals Limited is a Canadian-listed mineral exploration and development
company focused on mineral resources in Latin America. Apart from its interests
in manganese, Ecometals also has gold exploration activities in Ecuador. 


This news release contains forward-looking information and forward-looking
statements (collectively, "forward-looking information") under applicable
securities laws, concerning the Company's business, operations, condition and
prospects, as well as management's objectives, strategies, beliefs and
intentions. Forward-looking information is frequently identified by such words
as "may", "will", "plan", "expect", "estimate", "anticipate", "believe",
"intend" and similar words referring to future events and results, including
with respect to the anticipated date of the Company's first shipment of
manganese mineralized material. This forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from those expressed or implied by the
forward-looking information. Factors that may cause actual results to vary
materially include, but are not limited to, changes in general economic
conditions or conditions in the financial markets, and unanticipated operational
or technical difficulties. Such forward-looking information is based on a number
of assumptions, including but not limited to, there being no significant decline
in existing general business and economic conditions; political stability in the
South American countries where the Company conducts business. Should one or more
risks and uncertainties materialize or should any assumptions prove incorrect,
then actual results could vary materially from those expressed or implied in the
forward-looking information and accordingly, readers are cautioned not to place
undue reliance on this forward-looking information. The Company does not assume
the obligation to revise or update this forward-looking information after the
date of this news release or to revise such information to reflect the
occurrence of future unanticipated events, except as may be required under
applicable securities laws.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ecometals Limited - Investors
William Lamarque
Chief Executive Officer
wglamarque@ecometalslimited.com


Ecometals Limited - Information
Enquiries: info@ecometalslimited.com
www.ecometalslimited.com

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