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ECU Silver Uncovers Additional Mineralization in the Upper Section of the Santa Juana Mine

11.08.2010  |  Marketwired

TORONTO, ONTARIO -- (Marketwire) -- 08/11/10 -- ECU Silver Mining Inc. (TSX: ECU) is pleased to announce that it has uncovered additional mineralization in the upper levels of the Santa Juana mine located in the main Velardena Property.


A vein structure was recently opened over a strike length of 54 metres with an average width of 3.21 metres and grading 3.36 grams per tonne (g/t) gold (Au) and 177 g/t silver (Ag), including a section that graded 6.45 g/t Au and 198 g/t Ag over 8.45 metres. This structure, which was previously defined by drilling, is approximately three times the width of the same structure that was included in the Company's latest mineral resource report. The mineral resource report calculated this structure with similar grades but with a reported width of only 1.1 metres or 34% of what was actually found.


The structure occurs on level 16, an upper level of the Santa Juana mine which currently extends from level 12 to level 19.


Michel Roy, CEO and Chairman of ECU stated, 'The importance of this block is that it provides further evidence that we continue to open areas that prove to be more attractive than what is reported in our mineral resource report. In addition, this block is now ready for extraction and, in theory, could, by itself, feed our oxide mill to capacity for a period of about two months. This new zone, as well as others that are being opened, confirms that the next few years of extraction of mineralized material will be in the shallow areas of the mine which will not necessitate any deepening of the shaft.'


Recently, with the hiring of a new mine manager, the Company altered its approach to mining, by targeting geologically promising areas in undeveloped sections of the existing mines as well as opening new mining units in other mines. This recent finding is one of the new developments being prepared in several areas of the Santa Juana mine as well as at the Terneras West, Terneras East, San Juanes and Chicago mines. Updates will be published on the other areas as the results become available.


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



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