TIDMECR

23 March 2021

ECR MINERALS plc

("ECR Minerals", "ECR" or the "Company")

EXERCISE OF OPTIONS

ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce the Company has received notice to exercise options over 2,318,841 shares ("Option Shares") at 1.725 pence. Funds of GBP40,000 have been received by the Company in relation to these Option Shares.

Application has been made for the Option Shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur on or around 29 March 2021. Upon Admission, ECR's issued ordinary share capital will comprise 894,619,299 ordinary shares of 0.001p. This number will represent the total voting rights in the Company, and following Admission may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. The Option Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

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:

 
ECR Minerals plc                      Tel: +44 (0)20 7929 1010 
David Tang, Non-Executive Chairman 
Craig Brown, Director & CEO 
Email: 
 info@ecrminerals.com 
Website: www.ecrminerals.com 
 
WH Ireland Ltd                        Tel: +44 (0)161 832 2174 
Nominated Adviser 
Katy Mitchell/James Sinclair-Ford 
 
SI Capital Ltd                        Tel: +44 (0)1483 413500 
Broker 
Nick Emerson                          Tel: +44 (0)20 7399 9425 
 
 Novum Securities Limited 
 Broker 
 Jon Belliss

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. ECR is currently drilling high priority targets on the Bailieston gold project using the Company's own diamond drill rig. ECR has an experienced exploration team with significant local knowledge in the Victoria Goldfields.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210323005920/en/

 
    CONTACT:

ECR Minerals plc

 
    SOURCE: ECR Minerals plc 
Copyright Business Wire 2021

(END) Dow Jones Newswires

March 23, 2021 13:18 ET (17:18 GMT)

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