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Clavis

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New NI 43-101 Technical Report on Its Velardena District Properties

posted on Jan 26, 2009 01:51PM

January 26, 2009

ECU Silver Files New NI 43-101 Technical Report on Its Velardena District Properties

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2009) - ECU Silver Mining Inc. ("ECU Silver" or the "Company")(TSX:ECU) is pleased to announce that it has completed its new Independent National Instrument 43-101 ("NI 43-101") compliant technical report (the "Report") on its Velardena District Properties in Durango State, Mexico (the "Velardena Properties") and it has been filed at www.sedar.com.

The Report is authored by William (Bill) J. Lewis B.Sc., P.Geo., Senior Geologist, MICON International Limited ("MICON").

ECU Silver previously announced the results of the resource estimate (see Press Release: December 10, 2008) which has defined the following mineral resources:

NI 43-101 Resource Estimate:
--------------------------------------------------------------------------
                                Silver Equivalent       Silver Equivalent
                                 (Gold and Silver)            (All Metals)
                                          (ounces)                (ounces)
--------------------------------------------------------------------------
Measured & Indicated                   36,486,000              39,706,000
Inferred                              248,109,000             391,024,000
--------------------------------------------------------------------------

The Report also details additional mineral potential (also announced in the Press Release: December 10, 2008) that exists within the Velardena Properties that has not been included in the mineral resource estimate. The estimate of mineral potential ("Mineral Potential") has been reviewed by MICON.

- Mineral Potential: 569,524,000 to 930,400,000 ounces of silver equivalent.

The Resource Estimate is based on 46 veins and includes the sum of mineral resources from the main Velardena Property, the Chicago Property and 50% of the joint venture San Diego Property. All of these properties are within close proximity to each other.

Additional veins at Velardena, which are well known and have been identified through surface sampling and/or underground workings, require further evaluation. A number of veins have not been included because current assays did not meet the cut-off criteria. It is anticipated that more veins exist in the Velardena Properties based on past geological mapping.