Toronto, Ontario – May 31 2011 – Ecometals Limited (TSX-V:EC)

Further to its press release of December 31st 2010, Ecometals Limited (the “Company”) is pleased to announce the receipt from Ecuador Capital Corporation of the second payment tranche of $2,500,000 with respect to the sale of its Condor Gold project. The final payment tranche of $2,500,000 is due on or before November 30, 2011

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