ECR Minerals (ECR)

ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects and surrounding license areas in central Victoria, Australia, and outright owns three strategic properties located at Springmount (Creswick license area), Nagambie-Rushworth Road (Bailieston license area) plus accommodation and land at Sebastian, near to Bendigo (core shed and regional operational HQ). The Company also has an exploration licence in Eastern Victoria (Tambo gold project), with another lodged. MGA is currently drilling at both the Bailieston and Creswick projects and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region. Mercator Gold website link here ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three exploration licences covering 900 km2 covering a relatively unexplored area in Queensland, Australia. Lux Exploration website link here

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR owns a majority 70% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.