ECU Silver Mining Inc. (TSE:ECU)

[basserdan]

ECU Silver Mining Inc. Announces Filing of Information Circular

Friday August 5, 2011, 12:57 pm EDT

TORONTO, ONTARIO--(Marketwire - Aug. 5, 2011) - ECU Silver Mining Inc. ("ECU") (TSX:ECU; OTC:ECUXF - News) is pleased to announce that it has filed its management information circular (the "Information Circular") dated July 29, 2011 for the upcoming special meeting (the "Meeting") at which ECU's securityholders (the "Securityholders") will be asked to consider and vote upon the previously announced plan of arrangement (the "Arrangement") which would result in the business combination of ECU and Golden Minerals Company ("Golden").

The Meeting is scheduled to be held at 11:00 a.m. (Eastern time) on August 30, 2011 at the Crescent Room of Hotel Le Crystal, 1100 rue de la Montagne, Montreal, Quebec H3G 0A1. Further details are set forth in the notice of meeting that is included with the Information Circular. The record date for determining the Securityholders entitled to receive notice of and vote at the Meeting is the close of business on July 26, 2011.

Golden will also be holding its special meeting of stockholders to approve the issuance of shares contemplated by the Arrangement on August 30, 2011. Golden stockholder approval is a condition to the consummation of the Arrangement.

The Information Circular contains details concerning the Arrangement, the requirements for the Arrangement to become effective and the procedure for exchanging securities of ECU, voting at the Meeting and other related matters, together with detailed information concerning ECU and Golden and their respective businesses and affairs. Securityholders are urged to carefully review the Information Circular and accompanying materials (collectively, the "Meeting Materials") as they contain important information regarding the Arrangement and its consequences to Securityholders.

If the Arrangement is approved by the Securityholders at the Meeting on August 30, 2011, ECU intends to apply to the Superior Court of Quebec for a final order approving the Arrangement at a hearing scheduled for August 31, 2011. If the final order is granted and all other conditions precedent are satisfied or waived at such time, ECU expects that the Arrangement will be completed and become binding upon ECU, Golden and all Securityholders on September 2, 2011.

ECU has commenced mailing the Meeting Materials to the Securityholders. Copies of the Meeting Materials are also available electronically on the SEDAR website ( http://www.sedar.com ) and ECU's website ( http://www.ecu.ca ).

For further information or assistance in connection with the Arrangement, including assistance in voting your securities or to request additional copies of the Meeting Materials, Securityholders should contact Kingsdale Shareholder Services Inc. at 1-877-659-1819.

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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