Mr. William Lamarque reports

ECOMETALS ENGAGES MEADOWBANK ASSET MANAGEMENT INC. TO PROVIDE INVESTOR RELATIONS SERVICES

Ecometals Ltd. has entered into an agreement with Meadowbank Asset Management Inc./Gestion D'Actif Meadowbank for the provision of investor relations services. The agreement is effective for a period of 12 months beginning as of March 10, 2011, and is subject to the approval of the TSX Venture Exchange.

Meadowbank, based in Toronto, Ont., is a privately owned Canadian portfolio manager and exempt market dealer registered in the provinces of Ontario and Quebec. Meadowbank does not hold any securities in the company; however, certain directors, officers, principals and employees of Meadowbank hold in the aggregate, directly and indirectly, 597,200 common shares and 330,000 warrants in the company, representing approximately 1 per cent of the outstanding common shares of the company on a fully diluted basis. Previously, investor relations services were provided to the company by RK Equity Advisors LLC pursuant to an agreement that terminated on Dec. 31, 2010.

Pursuant to the agreement, Meadowbank shall provide investor relations services, including but not limited to:

• The utilization of investor and public relations strategies to raise awareness, target defined audiences and enhance the profile of the company;
• The promotion of the company as an investment opportunity.

Subject to TSX-V approval of the agreement, the agreement provides that the company will pay Meadowbank a monthly fee of $6,000 plus applicable taxes payable at the end of each month during the term of the agreement. The total cost of the agreement to the company during the 12-month term will be $72,000 plus approved expenses, unless earlier terminated.