ECR Minerals plc (AIM:ECR) New Exploration Tenements EL006911 and EL006912 granted at Bailieston, Victoria

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce two new exploration tenements have been granted to ECR’s wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”) at Bailieston, Victoria, Australia.

HIGHLIGHTS

Two new exploration tenements (EK006911 and EL 006912) adjacent to EL5433 have been formally granted to ECR’s wholly owned subsidiary MGA.

Total exploration land package at Bailieston (EL5433, EL006911, EL006912) now totals 179 square kilometres.

ECR CEO Andrew Haythorpe commented: “I am delighted to report that we have finally been able to secure these long-awaited exploration licenses. The two tenement packages add what we consider to be a significant new dimension to the exploration potential at Bailieston, and with our planned exploration activities in Victoria and N Queensland funded from our recent fundraise, we are entering a busy and potentially productive period in our evolution as a Company.”

The location of ECR Minerals plc new Bailieston tenements can found at the following link:

Figure 1: https://www.ecrminerals.com/images/2022/fig1_EL006911-EL006912_Granted_131222.png

Exploration tenements EL006911 and EL006912 were applied for on 25th January 2019 and were formally granted to ECR’s wholly owned subsidiary MGA by the Victorian Government on 8 December 2022. Both tenements have been granted for a five-year term. ECR is required to commit a minimum expenditure of $85,500 AUD on EL006911 and $155,850 AUD on EL006912 over the term of the licence. Initial ground activities such as mapping, soil and rock chip sampling will commence in the new year.

EL006911 adjoins the historic gold mining area known as the ‘Old Black Cat’. EL006912 adjoins EL5433 immediately on the western side of the HR3 Goldfield and Blue Moon prospects. Gold and Antimony prospects lie within the tenements.

ECR is still awaiting the granting of EL007296 which was applied for earlier this year, and which will complete the Bailieston exploration package.

ECR Minerals total granted Victorian exploration package now totals 610 square kilometres.

Table 1: ECR Minerals current exploration tenements (granted and applied), Victoria, Australia (as of December 2022)

(*) notes exploration application area in square kilometres.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0) 20 7929 1010

David Tang, Non-Executive Chairman

Andrew Haythorpe, CEO

Email: [email protected]