EGX : Ecuador Gold Announces New CEO and Second Quarter Financial Results

1901 - 5000 Yonge Street Toronto, Ontario M2N 7E9

Telephone: (416) 227‐3402 Fax: (416) 628‐3801

Most recently, Mr. Daun served as the Chief Executive Officer and President of Emerge Resources Corp. from September 4,
2013 to March 18, 2015 and was a co-founder and President of Auryx Gold Corp. from June 25, 2010 to December 22, 2011. Mr. Daun was instrumental in leading the transformation of Auryx Gold Corp. from initial formation as a private exploration company in 2009 through listing on the Toronto Stock Exchange's main board, raising of more than C$80 million in equity capital, development of the project from exploration to advanced pre-feasibility stage and eventual sale of the company to B2
Gold Corp. in a C$160 million transaction at the end of 2011. Mr. Daun qualified as a mining engineer in 1994 and has extensive mine building and operating experience gained working for Rio Tinto, Anglo American and Gold Fields. He is the former Mine Superintendent at Anglogold's Sadiola & Yatela Mines and a former Mine Manager at Goldfields Tarkwa mine in West Africa. After graduating with an M.B.A. in 2004, Mr. Daun worked in mining finance, investment analysis and portfolio management for South Africa's Nedbank Capital and Old Mutual Investment Group, respectively among South Africa's top investment banks and fund managers. In 2008 he joined Bright Resources Group, an established South African niche finance house, as their principal mining specialist and has since co-invested and executed on a number of transactions, primarily in precious metals, oil & gas and coal.
Mr. Daun stated, "I look forward to the challenge of leading this junior gold-copper exploration company into its next phase. The company has completed a preliminary economic assessment of its Santa Barbara Gold-Copper Project, and I am excited about the prospects for re-focusing towards more economic alternatives for the company's properties in Ecuador to maximize shareholder value. We have a core of strong shareholders who currently support this vision and I look forward to building value for all shareholders and stakeholders."
Pursuant to the recent election of directors, the Company has reconstituted its board of directors' committees with members from its new directors. The Audit Committee is now comprised of Mr. Francisco Narvaez (Chair), Marcelo Rivadeneira and Gonzalo Mendoza, the Compensation Committee is now comprised of Mr. Gonzalo Mendoza (Chair), Heye Daun and Francisco Narvaez and the Corporate Governance Committee is now comprised of Mr. Gonzalo Mendoza (Chair), Francisco Narvaez an d Marcelo Rivadeneira.
In addition, the Company has also completed reporting of its second quarter financial statements for the three and six months ended April 30, 2015 and the corresponding management's discussion and analysis, which are both available for review under the Company's profile on SEDAR at www.sedar.com.

- 2 -

Ecuador Gold and Copper Corp. is a Canadian exploration and mining company focused on its gold and copper mineral properties located in the Province of Zamora-Chinchipe in southern Ecuador. The Company has completed a Preliminary Economic Assessment of its Santa Barbara Gold and Copper Project dated May 29, 2015, and is currently listed on the TSX Venture Exchange under the symbol "EGX". For additional information, please visit us at www.ecuadorgoldandcopper.com.
For further information please contact:
Heye Daun
Interim Chief Executive Officer
Telephone: 604 687 2038 (Vancouver Office) Telephone: +011-27 (82) 566 4494 (South Africa Office) Email: heyedaun@gmail.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

distributed by