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Ecometals completes sale of Condor Gold Project

Vancouver, B.C. June 1, 2012 - Ecometals Limited (the “Company”) (TSXV: EC) announces, further to its news release dated May 2, 2012, that it has received the final instalment of the purchase price in the amount of US$1,450,000 in respect of the sale by the Company to Ecuador Capital Corporation of the Condor Gold Project. This now completes the sale of the Condor Gold Project.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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