ECU Silver Begins Receiving Payments on Its Gold/Pyrite Concentrates

Tuesday September 14, 2010, 3:00 am EDT

TORONTO, ONTARIO--(Marketwire - Sept. 14, 2010) - ECU Silver Mining Inc. (TSX:ECU; OTC:ECUXF - News) is pleased to report that it has begun to receive payments on the sale of its pyrite/gold concentrate stockpile.

As previously reported on July 13, 2010, ECU announced it had entered into an agreement with one of the world's largest independent commodities trading companies to sell ECU's gold/pyrite concentrates. The gold/pyrite concentrate is being shipped and processed at a metallurgical plant in the United States, owned by a global mining company.

ECU has begun receiving payment on shipments of an initial 10,000 tonnes from its stockpile of gold/pyrite concentrates. Shipments are planned at a rate of 1,500 to 2,000 tonnes per month, equivalent to approximately 965 to 1,285 ounces of gold per month.

Stephen Altmann, President of ECU said, "The sale of our gold concentrate is an important step for ECU as it provides the Company with an added stream of cash as well as establishing a synergistic relationship in selling our gold/pyrite concentrate to a metallurgical facility that is ideally located and suited for the treatment of our gold/pyrite concentrate."

Michel Roy, CEO and Chairman of ECU added, "While ECU is generating revenue from the sale of its gold/pyrite concentrate, we are also generating revenues from all the mineralized material being treated at our processing facilities. Sulphide material is being treated at our flotation plant where we are generating revenues from lead/silver concentrates, zinc concentrates, and our gold/pyrite concentrates. Our oxide material is being processed and revenue is being generated from the sale of gold/silver dore bars."

ECU Silver is also pleased to announce that it will be participating in the Denver Gold Forum on September 19 to 22, 2010 at the Hyatt Regency, Colorado Convention Center, Denver and the Company will also be participating in the Toronto Resource Investment Conference 2010 hosted by Cambridge House to be held at the Metro Toronto Convention Centre on September 26 to 27.

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.

http://finance.yahoo.com/news/ECU-Silver-Begins-Receiving-ccn-3758430547.html?x=0&.v=1

Dan