REG-ECR Minerals plc ACQUISITION OF TIGER SHARES INCREASES ECR’s EXPOSURE TO ITOGON GOLD PROJECT, PHILIPPINES <Origin Href="QuoteRef">ECRE.L</Origin>

ECR MineralsAnnouncement

24/11/2014 15:16

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LONDON--(Business Wire)--


ECR MINERALS plc

("ECR Minerals", "ECR" or the "Company") 

AIM: ECR 

US OTC: MTGDY 

ACQUISITION OF TIGER SHARES INCREASES ECR`s EXPOSURE TO

ITOGON GOLD PROJECT, PHILIPPINES

LONDON: 24 NOVEMBER 2014 - ECR Minerals plc is pleased to announce that it has
purchased 358,000 common shares of Tiger International Resources, Inc. ("Tiger")
for consideration of C$0.20 per share. Tiger shares are listed on Canada`s TSX
Venture Exchange with the symbol TGR. ECR now holds approximately 3.67% of
Tiger`s issued share capital. ECR`s fully diluted interest in Tiger is also
3.67%, as Tiger currently has no share options, warrants or comparable
instruments in issue. 

Tiger is the parent company of Cordillera Tiger Gold Resources, Inc.
("Cordillera Tiger"), a Philippine corporation which holds the exploration
permit comprising the Itogon gold project in Benguet Province, Philippines. ECR
has the right to earn a 50% interest in the Itogon project pursuant to an
earn-in and joint venture agreement (the "Agreement") entered into in April 2013
between the Company, Tiger and Cordillera Tiger. Under the Agreement, ECR is
currently the operator of the Itogon project, through Cordillera Tiger. Previous
announcements of the Company disclose material results of exploration obtained
from the project since the date of the Agreement. 

Stephen Clayson, Chief Executive Officer of ECR, commented:

"In view of the promising results from our exploration at Itogon to date, we are
pleased to have secured additional exposure to the project via a shareholding in
Tiger. Exploration at Itogon and the SLM gold project in Argentina remain ECR`s
highest priority activities, although we continue to review potential new
investment opportunities on a very selective basis." 

ABOUT ECR

ECR is a mineral exploration and development company with, among other
interests, the right to earn a 50% interest in the Itogon gold project in the
Philippines. Itogon is an advanced exploration project located in a gold and
copper mining district on the island of Luzon in the north of the Philippines. 

ECR has a 100% interest in the Sierra de las Minas gold project in La Rioja
Province, Argentina, the exploration strategy for which is to delineate multiple
medium to high grade, low tonnage deposits suitable for advancement to
production on a relatively low capital, near term basis. 

ECR holds a substantial minority stake in THEMAC Resources Group Ltd (TSX-V:
MAC), which is focused on the development of the Copper Flat
copper-molybdenum-gold-silver porphyry project in New Mexico, USA. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
 
 ECR Minerals plc                                       Tel: +44 (0)20 7929 1010    
 Paul Johnson, Non-Executive Chairman                                               
 Stephen Clayson, Director & Chief Executive Officer                                
 Richard (Dick) Watts, Technical Director                                           
                                                                                    
 Email: info@ecrminerals.com                                                        
 Website: www.ecrminerals.com                                                       
                                                                                    
 Daniel Stewart & Company plc                           Tel: +44 (0)20 7776 6550    
 Emma Earl/David Coffman (Nominated Adviser)                                        
 Colin Rowbury (Broker)                                                             
 
 
FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements. Such statements may be
subject to a number of known and unknown risks, uncertainties and other factors
that could cause actual results or events to differ materially from current
expectations. There can be no assurance that such statements will prove to be
accurate and therefore actual results and future events could differ materially
from those anticipated in such statements. 

Accordingly, readers should not place undue reliance on forward looking
statements. Any forward looking statements contained herein speak only as of the
date hereof (unless stated otherwise) and, except as may be required by
applicable laws or regulations (including the AIM Rules for Companies), the
Company disclaims any obligation to update or modify such forward looking
statements as a result of new information, future events or for any other
reason. 
 
ECR Minerals plc 

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