Ecuadorian Minerals Corporation Appoints Yorkton Securities Inc. as Financial Advisor

Ecuadorian Minerals Corporation has announced the appointment of Yorkton Securities Inc. as its financial advisor to evaluate possible merger, acquisition, and takeover scenarios, as well as provide financial advice on corporate development and new equity financing. Yorkton's reputation in the international mining arena is exceptional, with a history of developing successful mining ventures and obtaining substantial equity financing for resource companies in volatile mining finance markets.

Key Takeaways:

• Ecuadorian Minerals Corporation has appointed Yorkton Securities Inc. as its financial advisor to provide advice on merger, acquisition, and takeover scenarios, as well as corporate development and new equity financing.
• Yorkton's principal function will be to provide advice and assistance in the evaluation of possible merger, acquisition, and takeover scenarios.
• The Company intends to assess all potential scenarios to strengthen corporate assets and enhance shareholder value.
• Yorkton will receive a monthly retainer fee and success fees based on any merger, takeover, or new equity participation resulting from their performance.
• The agreement is subject to regulatory approval and Yorkton may receive success fees in cash or shares at EMC's election.
• Yorkton has a history of raising substantial equity financing for mining companies worldwide, including Cdn. $383 million in Latin America alone between 1992 and 1994.
• Ecuadorian Minerals Corporation has a portfolio of quality properties in Ecuador covering approximately 1,000 square kilometers, ranging from early stage exploration projects to the pre-feasibility stage of mine development.
• A preliminary gold resource of 1.6 million ounces has been outlined by 16,500 meters of drilling at the Gaby project.
• A new drill program will commence in the fall of 1995 to further define the gold resource and evaluate newly expanded zones of gold mineralization.

Statistics:

• Cdn. $800 million: The total amount of equity financing raised by Yorkton for mining companies worldwide between 1992 and 1994.
• Cdn. $383 million: The amount of equity financing raised by Yorkton in Latin America alone between 1992 and 1994.
• 1,000 square kilometers: The total area of quality properties in Ecuador covered by Ecuadorian Minerals Corporation.
• 16,500 meters: The total amount of drilling that has outlined a preliminary gold resource of 1.6 million ounces at the Gaby project.
• 3 km x 2 km: The area of approximate length and width of the newly expanded zones of gold mineralization at the Gaby project.

Sources:

• Business Wire, August 2, 1995.
• Note to editors: The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.