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Dear Investor,

Because you've previously expressed interest in similar companies, we'd like to take this opportunity to introduce you to one of our new clients, EcuaGold Resources Ltd. (TSXV: EGR). Please contact me if you would like to learn more about EcuaGold and wish to request an investor package.

Bruce Korhonen, Senior Account Executive
Toll free: 1.866.684.4743 ext. 230
Email: [e-mail]



EcuaGold Resources Ltd. is engaged in the acquisition, exploration and potential development of precious metals properties in southern Ecuador. The company presently controls a 100% interest in 12 concessions and has applications pending for 17 others. EcuaGold's land position currently exceeds 31,000 hectares, comprising eight distinct projects, and will approximate 82,000 hectares if the pending concession applications are granted in full.

The majority of EcuaGold's concessions are located in southern Ecuador, a highly prospective region that is currently host to a number of projects. These include, among others, Aurelian Resources' Condor Project, IAMGOLD's Quimsacocha Project, International Minerals' Rio Blanco and Gaby Projects and Dynasty Metals & Mining's Copper-Gold Belt, Jerusalem and Zamora Projects.

EcuaGold's principal properties are the Molleturo Project, a high-grade polymetallic vein system, and the Curiplaya Project, a gold-copper porphyry system. NI 43-101 Reports were recently prepared for each project in connection with EcuaGold's $6.9 million IPO and TSX Venture Exchange listing in January 2007.