ECC Ethos Gold Corp

Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) (the "Company")
announces that it has issued a promissory note to an arm's length individual to
evidence a loan to the Company in the aggregate amount of US$242,000 (the
"Loan"). The Loan is repayable on the earlier of (i) May 31, 2012, and (ii) the
date on which Ecuador Capital Corporation ("ECC") deposits the sum of
US$1,450,000 into escrow representing the final installment of the purchase
price to be paid by ECC to the Company with respect to the purchase by ECC from
the Company of the Condor Gold Project. The proceeds from the Loan are being
used for working capital purposes.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. 


About Ecometals

Ecometals Limited is a Canadian TSX Venture Exchange listed mineral exploration
and development company focused on the 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 exploration and development
planning stages.

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