EcuaGold Resources Ltd. ("the Company" or "EcuaGold") (TSX VENTURE:EGR)
announces that it has timely paid all mining fees on its concessions in Ecuador,
as required under Ecuador's current mining law. The Government announced last
week that 587 concessions were cancelled for the failure of the concessionaires
to pay the requisite annual mining fees when due. A recent Dow Jones Newswires
article mentioned that, among others, EcuaGold had lost some of its concessions.
The Company has not received any notification from the Government that any of
its concessions have been cancelled for any reason.


On Behalf of the Board of Directors of ECUAGOLD RESOURCES LTD.

Anthony F. Ciali, President, CEO and Director

The statements contained in this news release that are not purely historical are
forward-looking statements. Forward-looking statements may relate to the success
of any of the company's strategic initiatives, the company's expectations,
beliefs, growth and future prospects, and the company's position in the market
and future opportunities therein. Forward-looking statements may also include,
without limitation, any express or implied statement relating to future events,
industry performance, general business and economic conditions or circumstances,
regulatory and legal requirements, and other matters, many of which are beyond
the control of the company. Forward-looking statements involve risks and
uncertainties, which could cause actual results to differ materially from those
projected. All forward-looking statements included in this news release are
based upon information available to the company as of the date hereof and the
company does not undertake any obligations to update forward-looking statements
should circumstances or management's beliefs or opinions change.
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