ECU Silver Reports Record Gold and Silver Production in Second Quarter

TORONTO, ONTARIO -- (Marketwire) -- 08/03/10 -- ECU Silver Mining Inc. (TSX: ECU) is pleased to announce that it has achieved record silver and gold output from its mining operations at Velardena in Durango State, Mexico.

In the second quarter of 2010 (Q2 2010) the operations generated silver totaling 106,887 ounces (Ag oz) and gold totaling 3,064 ounces (Au oz), which is a quarterly record. In addition, the mines generated 58,273 pounds of lead and 36,533 pounds of zinc. Expressed in terms of silver equivalent ounces (AgEq oz), and based on current commodity prices (see Table 1 below), total metal output was 314,754 AgEq oz.

Table 1
----------------------------------------------------------------------------
                                                           Silver Equivalent
                      Commodity Price    Metal Output                 Output
----------------------------------------------------------------------------
Silver                     $17.50 /oz      106,887 oz             106,887 oz
Gold                        $1160 /oz        3,064 oz             203,096 oz
Lead                        $0.90 /lb       58,273 lb               2,997 oz
Zinc                        $0.85 /lb       36,533 lb               1,774 oz
Total.............................................                314,754 oz

Operations at Velardena have reached record levels since the Cyanide Leach Plant (Oxide Plant) was acquired with the best quarterly performance to date. Highlights for Q2 2010 versus the first quarter of 2010 (Q1 2010) include:

--  15% increase in overall metal output compared to Q1 2010 to a record
    314,754 AgEq oz.
--  2% increase in silver output compared to Q1 2010 to a record 106,887 Ag
    oz.
--  28% increase in gold output compared to Q1 2010 to 3,064 Au oz.

The Velardena operations recorded a much improved quarter as the gold and silver grades and recoveries increased. Mineralized material mined for silver and gold averaged 146 g/t and 3.23 g/t, respectively, an increase of 20% for silver and 15% for gold compared to the Q1 2010 while milling grades averaged 95 g/t and 2.79 g/t for silver and gold, respectively.

Stephen Altmann, President of ECU said, 'The gold content of our mineralized material is proving to be quite substantive. Consequently, with higher gold grades, strong results from our mining and milling operations, and the recently announced sale of our pyrite concentrates, the third quarter should be an attractive quarter for ECU.'

About ECU Silver

ECU Silver Mining Inc. is focused on the exploration, development and mining of gold, silver and base metals at its Velardena District Properties in Durango, Mexico. The Company holds a NI 43-101 compliant mineral resource of 40 million silver equivalent (0.6 million gold equivalent) ounces in the measured and indicated category and 391 million silver equivalent (6.0 million gold equivalent) ounces in the inferred category. The Company also owns two mills with a combined capacity of 820 tonnes per day. ECU's mission is to become a pre-eminent silver and gold producer through the development of its existing and potential mineral resources at Velardena.

Cautionary Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including potential property acquisitions, the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/reserves, geological interpretations, proposed production rates, potential mineral recovery processes and rates, the proposed construction of a mill, business and financing plans, business trends and future operating revenues. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any minerals produced, the Company's inability to obtain any necessary permits, consents or authorizations required for their activities, to produce minerals from their properties successfully or profitably, to continue their projected growth, to raise the necessary capital or to be fully able to implement their business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this Press Release.

Contacts:

ECU Silver Mining Inc.

Michel Roy, Chairman and CEO

Torreon, Mexico

011 52 871 747 5750


ECU Silver Mining Inc.

Stephen Altmann, President

Toronto, Canada

(416) 366-2428


ECU Silver Mining Inc.

Mark Butler, Investor Relations

Toronto, Canada

1 888 513 3444