We plan to complete and file a technical report for the Resource Estimate on SEDAR within 45 days of this press release. The Resource Estimate, which was audited by MICON International Limited ("MICON"), is outlined in more detail in Tables 1, 2 and 3 below.

Michel Roy, the Chairman and CEO of ECU Silver stated, "Our objective in our recent exploration campaign was to convert some of our Mineral Potential into the Inferred category. This was successfully done and we now have an inferred mineral inventory of 391 million oz and measured and indicated of 40 million oz of silver equivalent establishing Velardena among the larger silver and gold projects in Mexico. This increase in our mineral resources is the largest in the history of the Company. After only three and a half years, our exploration team has increased our mineral inventory by over 18 times."

Stephen Altmann, the President of ECU Silver added that, "The growth of our mineral resource has shown remarkable advance. Exploration efforts at Velardena have consistently yielded excellent results with several veins still open laterally and at depth. It is worthwhile to note that about 66% of our mineral inventory is comprised of precious metals. The high content of both gold and silver highlights the significance of this resource as a primary precious metal project."

Many of the veins and vein packages at Velardena have demonstrated reliable evidence of lateral continuity in both directions and at depth. We are able to quantify this additional potential by providing an estimate of mineral potential ("Mineral Potential") which has been reviewed by MICON (refer to Table 4 below for additional details).

- Mineral Potential: 569,524,000 to 930,400,000 ounces of silver equivalent.

This Mineral Potential has been estimated on a silver and gold basis only and does not include any silver equivalent estimates derived from base metal values.

A mineral potential is not a mineral resource, is conceptual in nature and must be stated as a range since it cannot be estimated to the same accuracy as a mineral resource. Disclosure of the Mineral Potential is compliant with NI 43-101 disclosure requirements and reflects the potential lateral and downward extensions of veins identified in the Resource Estimate.

The Mineral Potential differs in two ways from what we last reported. First, it decreased from the last reported results due to our success in converting certain zones of Mineral Potential into the Inferred category. Second, it increased as new veins and areas within Velardena were added to Mineral Potential.

ECU believes that the potential to increase mineral resources at Velardena continues to be substantial. While the Mineral Potential is not included in the Resource Estimate, MICON has reviewed and approved the conceptual nature of the Mineral Potential.

The material increase in the Resource Estimate and the Mineral Potential was based solely on veins included in this resource estimation and does not incorporate other known veins identified through historical data within Velardena, nor does it include the mineralized skarns. Insufficient data has been collected to estimate mineral resources in these other veins.

The Resource Estimate is based on 46 veins and includes the sum of mineral resources from the main Velardena Property, the Chicago Property and 50% of the joint venture San Diego Property. All of these properties are within close proximity to each other. Additional veins at Velardena, which are well known and have been identified through surface sampling and/or underground workings, require further evaluation. Also, a number of veins have not been included because current assays did not meet the cut-off criteria. Furthermore, it is anticipated that more veins exist in the Velardena Properties based on past geological mapping.