Ecometals Receives Instalment on Final Payment for Condor Project

Ecometals Limited (the "Company") (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ)
announces a further update to its news release dated March 30, 2012 in which it
was stated that Ecuador Capital Corporation ("ECC") was to make a final payment
of US$1,850,000 to the Company on or before April 30, 2012 in respect of the
sale by the Company to ECC of the Condor Gold Project. The Company agreed to
extend the deadline for the payment to May 31, 2012 subject to payment of a
US$500,000 instalment of the final payment amount, and a penalty of $100,000.
The US$500,000 instalment has been received by Ecometals. The final instalment
of the purchase price in the amount of US$1,450,000 is due and payable on or
prior to May 31, 2012.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. 


About Ecometals

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

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