Replies to post #2537 on ~*~Mining and Metals Du Jour~*~

[basserdan]

ECU Silver Highlights New Assays From Development Work

10:36 am EDT, Friday October 30, 2009

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2009) - ECU Silver Mining Inc. (TSX:ECU - OTC:ECUXF) is pleased to announce assay results which include samples that ranged up to 210 grams per tonne (g/t) of gold (Au) and up to 2,582 g/t of silver (Ag). The assay results include 204 samples collected from development work on level 19, currently the deepest level, at the Santa Juana Mine on the main Velardena Property.

The Company is developing new mining areas at the Santa Juana mine and has so far drifted for over 500 metres (m) along seven veins on level 19. Assays, taken every three metres along the drifts, returned an average of 12.7 g/t gold and 305.4 g/t of silver over 0.62 m for a total length of 531 m (see Table 1). This new underground development will allow for additional access to multiple mining stopes on this level.

The identification of these veins on the lower level 19, approximately 550 metres below surface, continue to confirm the robust presence of the veins in the Santa Juana system. The veins continue to show evidence of better grades and larger widths as they descend deeper into the mineral resource. To date, our exploration drilling, as identified in our NI 43-101 mineral resource, has shown evidence of mineralization down to 1200 metres below surface, where the Company had announced the discovery of massive sulphide intercepts (see press release dated July 9, 2008).

Table 1 - Assay Results on Level 19 Drifts

---------------------------------------------------------------------------- 
       Vein        Samples      Length    Thickness      Gold       Silver    
                      Nb         (m)         (m)        (g/t)       (g/t)     
 ---------------------------------------------------------------------------- 
        A1            24        40.89        1.05        7.03       534.0     
        A2            19        52.91        0.67        7.49       481.0     
        A4            31        96.51        0.68       11.53       258.0     
       B's            16        53.74        0.54        5.86        36.0     
        C1            24        76.54        0.35       24.85       226.0     
        CC            31        78.60        0.58       20.20       632.0     
        G1            34        79.27        0.78        8.67       179.0     
      G1 sul          25        52.67        0.44        8.63       131.0     
 ---------------------------------------------------------------------------- 
    Total/Avg.       204        531.13       0.62       12.70       305.4     
 ----------------------------------------------------------------------------

The Company also wishes to announce that the Board of Directors of ECU has granted incentive stock options to directors, officers, consultants and employees of the Company to purchase 2,970,000 common shares of the Company at a price of $0.80 per common share and exercisable for five years.

Additional Information

Readers are cautioned that until a prefeasibility study is completed, there are no assurances these latest mineralized zones will be economically viable.

All widths are true widths. Samples were assayed at the ERSA laboratory in Torreon, Coahuila, Mexico. Mr. Michel Roy, P. Geo., a "qualified person" within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

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 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.

Contact:

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

Stephen Altmann
ECU Silver Mining Inc.
President
[phone]

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