ECU Silver Mining Inc. (TSE:ECU)

[basserdan]

ECU Silver Releases Year End Results for 2010

Friday April 1, 2011, 10:56 am

TORONTO, ONTARIO--(Marketwire - April 1, 2011) - ECU Silver Mining Inc. (TSX:ECU; OTC:ECUXF - News) reports that it has released its audited consolidated financial statements for the year ended December 31, 2010 and the related management's discussion and analysis of financial position and results of operations ("MD&A").

ECU reported a net loss of $6.9 million, or 2 cents per share in 2010, compared with a net loss of $8.4 million, or 3 cents per share in 2009. Since the Company reports as an exploration and development company, the income statement does not report revenues from sales. Revenues from metal sales are reported in the statement of cash flows and were $19.3 million in 2010, compared with $6.6 million in 2009, a 194% increase year over year.

Metal sales for 2010 were 16,021 ounces of gold, 356,559 ounces of silver, 445,650 pounds of lead and 423,996 pounds of zinc. Year over year, this represents a 250% increase in gold sales, a 144% increase in silver sales, 568% increase in lead sales and a 375% increase in zinc sales.

Michel Roy, CEO and Chairman stated, "We are pleased with the progress of our operations with metal sales being significantly higher than last year. The majority of our gold and silver sales came from the Oxide Mill, which has been running very well for us. A portion of the gold sales came from the sale of our gold/pyrite stockpile. The stockpile has been completely sold and the transportation and processing of our gold concentrate stockpile was very successful. We will continue to look for ways to optimize our mining and milling operations during 2011."

Stephen Altmann, President added, "In 2011 we plan to increase our exploration focus with the goal of increasing mineral resources and converting additional inferred resources into the measured and indicated categories. The exploration plan will focus on drilling the deep seated massive sulphides on the Velardena Property, which started this past week, plus the delineation of additional known mineralized veins, extensions of existing veins and identification of new veins on all three of our properties".

Copies of the audited financial statements and related MD&A can be found on SEDAR at http://www.SEDAR.com.

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 N.I. 43-101 compliant mineral resource of 40 million silver equivalent ounces in the measured and indicated category and 391 million silver 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. Website: http://http://www.ecu.ca/

Contact:

Michel Roy
ECU Silver Mining Inc.
Chairman and CEO
Torreon, Mexico
011 52 871 747 5750

Stephen Altmann
ECU Silver Mining Inc.
President
Toronto, Canada
[phone]

Mark Butler
ECU Silver Mining Inc.
Investor Relations
Toronto, Canada
[phone]

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