Ecometals Announces Grants of Stock Options
TORONTO, ONTARIO -- (Marketwire) -- 03/01/11 -- Ecometals Limited (TSX VENTURE: EC)(BERLIN: GDQ)(FRANKFURT: GDQ) (the 'Company') announces that the Compensation Committee recommended, and the Board of Directors approved, the granting on February 28, 2011 of an aggregate of 1,760,000 stock options to certain directors, officers and employees of the Company. These stock options have a vesting period of 18 months, an exercise price of $0.24 per common share and expire on February 28, 2014. The options were granted for employee performance during the past year as part of the Board's annual review of performance.
About Ecometals
Ecometals Limited is a Canadian-listed mineral exploration and development company focused on mineral resources in Latin America. Apart from its gold exploration activities in Ecuador, Ecometals also has significant manganese and iron projects in Brazil at grass roots and development planning stages.
Neither The 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.
Contacts:
Ecometals Limited
William Lamarque
Chief Executive Officer
wglamarque@ecometalslimited.com
Ecometals Limited
Andrew Robertson
Chief Financial Officer
andrewrobertson@ecometalslimited.com
www.ecometalslimited.com