Ecometals Limited: Sale of Condor Gold Project Update

Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) (the "Company")
announces an update to its press release of November 14th, 2011, in which the
Company stated that according to revised payment terms agreed, as summarised in
that press release, the next interim payment of US$1,250,000 was to be made by
Ecuador Capital Corporation ("ECC") to the Company on or before November 30,
2011.


ECC has advised the Company that there has been a delay in making this payment
and has requested that the Company extend the deadline for that payment to
December 15th, 2011. The Company and ECC have agreed to such extension on
payment of a fee of US$25,000.


About Ecometals

Ecometals Limited is a Canadian TSX Venture Exchange listed mineral exploration
and development company focused on mineral resources in Latin America. Apart
from its gold exploration in Ecuador, Ecometals also has significant manganese,
iron and gold projects in Brazil at grass roots and development planning stages.

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