Ecuador Gold Announces Completion and Filing of The Santa Barbara Preliminary Economic Assessment Report

Toronto, Ontario--(Newsfile Corp. - May 29, 2015) - Ecuador Gold & Copper Corp. (TSXV: EGX), (the "Company" or "EGX") announces that, further to the 8^th December 2014 News Release, the Preliminary Economic Assessment Technical Report ("PEA") prepared under National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") on the Company's flagship Santa Barbara Project, has been filed on the SEDAR website (www.sedar.com) effective as of today's date.

Qualified Person

Michael J. Short, B.E., FIMMM, C.Eng., Managing Director of GBM Minerals Engineering Consultants Limited, is the qualified person, as defined by NI 43-101 for the PEA, and has read and approved the technical information in this news release.

For further information please contact:

Cautionary Note

The Company has completed a preliminary economic assessment of the Santa Barbara Project which forms part of the Condor Gold and Copper Project under NI 43-101, and there is no assurance that the exploration and subsequent development operations of the Condor Gold and Copper Project will be economically or technically viable.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.