EGX : Ecuador Gold Announces Receipt Of Data With Payment To U.K. Engineers

Microsoft Word - EGX - News Release re Pmt to GBM April 28-2016.docx

Suite 1128 - 789 West Pender Street, Vancouver, British Columbia, V6C 1H2 Telephone: (604) 687‐2038 Fax: (604) 687‐3141

NEWS RELEASE ECUADOR GOLD ANNOUNCES RECEIPT OF DATA WITH PAYMENT TO U.K. ENGINEERS April 28, 2016 - Vancouver, British Columbia: Ecuador Gold & Copper Corp. (TSX‐V: EGX) (the "Company") announces that it has paid U.K. engineering firm, GBM Minerals Engineering Consultants Ltd. ("GBM") in satisfaction of its claim for payment of £187,500 and have received engineering information and data in relation to the Company's Condor Gold Project in Ecuador. Due to a dispute, GBM had initiated a claim for the payment from the Company but since payment has been made the litigation has been dropped. About Ecuador Gold and Copper Corp.

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

President, Chief Executive Officer and Director Telephone: +1‐604‐687 2038 (Vancouver Office) Email: [e-mail]

Cautionary Note

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.

AC/4263222.1