Toronto, Ontario – November 30, 2011 – Ecometals Limited (TSX-V:EC)

Ecometals Limited (the “Company”) announces an update to its press release of November 14th 2011, in which the Company stated that according to revised payment terms agreed, as summarised in that press release, the next interim payment of US$1,250,000 was to be made by Ecuador Capital Corporation (“ECC”) to the Company on or before November 30, 2011.

ECC has advised the Company that there has been a delay in making this payment and has requested that the Company extend the deadline for that payment to December 15th, 2011. The Company and ECC have agreed to such extension on payment of a fee of US$25,000.

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