Ecometals Limited Announces Extension of Warrants

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED
STATES


Ecometals Limited (the "Company") (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ)
announces that it will extend the exercise dates of 926,576 warrants currently
exercisable between October 7, 2012 and October 17, 2012 at prices ranging from
$0.23 to $0.40 per share issued pursuant to various private placement financings
which closed between April 7, 2011 and January 12, 2012. The warrants' expiry
dates will be extended for a further 18 months from their existing dates. There
has been no change to the warrants' exercise prices.


The amendment to the term of the warrants is subject to approval of the TSX
Venture Exchange.


About Ecometals

Ecometals Limited is a Canadian-listed mineral exploration and development
company focused on mineral resources in Latin America. Apart from its interests
in manganese, Ecometals also has gold exploration activities in Ecuador and
Brazil and significant iron projects in Brazil at grass roots and development
planning stages.


This news release contains forward-looking information and forward-looking
statements (collectively, "forward-looking information"). Forward-looking
information is frequently identified by such words as "may", "will", "plan",
"expect", "estimate", "anticipate", "believe", "intend" and similar words
referring to future events and results, and in this news release includes
statements relating to the proposed amendment to the existing expiry dates of
the warrants. This forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause actual results to differ
materially from those expressed or implied by the forward-looking information.
Factors that may cause actual results to vary materially include, but are not
limited to, the failure to obtain the required regulatory approval to the
extension of the warrants. Such forward-looking information is based on a number
of assumptions, including but not limited to, the assumption that obtaining
regulatory approval to such an amendment is effectively a routine matter. Should
one or more risks and uncertainties materialize or should any assumptions prove
incorrect, then actual results could vary materially from those expressed or
implied in the forward-looking information and accordingly, readers are
cautioned not to place undue reliance on this forward-looking information. The
Company does not assume the obligation to revise or update this forward-looking
information after the date of this news release or to revise such information to
reflect the occurrence of future unanticipated events, except as may be required
under applicable securities laws.

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