Mr. William Lamarque reports

ECOMETALS ANNOUNCES CONVERTIBLE DEBENTURE FINANCING

Ecometals Ltd. intends to complete a private placement of convertible debentures. The offering will consist of up to 500 units of securities of the company at a price of $1,000 (U.S.) per unit for maximum aggregate proceeds of up to $500,000 (U.S.) and is subject to the conditional acceptance of the NEX.

The company's listing was recently transferred to the NEX from the TSX Venture Exchange, as the company has not maintained the requirements for a TSX Venture Exchange Tier 2 company. The company was not able to satisfy its obligations to file its audited financial statements for the financial years ended March 31, 2013, and March 31, 2014, the related annual management's discussion and analysis, and related chief executive officer and chief financial officer certifications in accordance with the requirements of National Instrument 51-102 -- Continuous Disclosure Obligations, National Instrument 52-109 -- Certification of Disclosure in Issuer's Annual and Interim Filings, and other applicable securities laws.

As a result of the above, the company is currently operating under a cease trade order by both the British Columbia Securities Commission and the Alberta Securities Commission. No part of the proposed financing is occurring in British Columbia or Alberta.

In accordance with Section 5.4 of the NEX policies, the company intends to undertake a one-time financing of $500,000 (U.S.) to bring the company's continuous disclosure record up to date. The proceeds of the financing will be principally used to complete the company's 2013 and 2014 financial statements, repay certain existing debt, and pay for associated legal and accounting services in order to rectify the company's continuous disclosure obligations.

Each unit comprises a convertible unsecured debenture of the company in the principal amount of $1,000 (U.S.), convertible at the option of the holder at any time up to and including the date of maturity, being the first anniversary of the issuance of the debenture, for 20,000 common shares of the company. The remainder of the unit consists of 20,000 common share purchase warrants, with each warrant entitling the holder thereof to acquire one common share at a price of five cents until the first anniversary of the issuance of the warrant.

We seek Safe Harbor.