Issue of Share Options

23 Oct 2020 17:14

ECR MINERALS plc

(“ECR Minerals”, “ECR” or the “Company”)

ISSUE OF SHARE OPTIONS

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, announces that further to its announcement dated 11 July 2018 (the “Announcement”), the Company has today issued an aggregate of 11,800,000 share options from the management and consultant option pool to certain key consultants and staff.

The terms of such options are set out in the Announcement.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ABOUT ECR MINERALS PLC

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX), ECR has the right to receive up to A$2 million in payments subject to future resource estimation or production at those projects.

ECR has earned a 25% interest in the Danglay gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, and holds a royalty on the SLM gold project in La Rioja Province, Argentina.

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