ECU Silver Mining Inc.: Recent Gold and Silver Discovery Reaches 70 Meters 230 Feet in Length

ECU Silver Mining Inc.: Recent Gold and Silver Discovery Reaches 70 Meters 230 Feet in Length

ECU Silver Mining Inc. – Sampling on level 15 averaged 5.25 meters of width (17.2 feet) grading – 4.29 g/t Au, 161 g/t Ag, 1.37% Pb and 3.19% Zn over a 70 meters length (230 feet); – Included was an intercept that averaged 6.55 meters (21.5 feet) of width grading 9.96 g/t Au, 300 g/t Ag, 1.92% Pb and 2.82% Zn;

– Possibility of vertical continuity of nearly 200 meters (656 feet) connecting Level 15 discovery to original Stockwork zone on levels 17.5 and 18.

ECU Silver Mining Inc. (the “Company”) is pleased to announce that it has extended and confirmed the recent discovery made on level 15 of the Santa Juana mine at its Velardena property in Mexico. (See the Company’s press release August 25, 2006) As a result of its continuing 2006 exploration program at the property, which only now is approximately 1/3 completed, the Company reported a recent silver and gold discovery on level 15 on August 25, 2006. The initial findings from the four cross-cuts averaged 5.88 meters of width (19.3 feet) grading 5.79 grams per tonne (g/t) gold (Au), 194 g/t silver (Ag), 1.89 per cent lead (Pb) and 2.64 per cent zinc (Zn) over 40 metres in length (131 feet).

Importance of latest results:

Subsequent to this announcement, the Company’s exploration of the property continued to drift along the identified zone and the latest data confirms the extension of the zone from a previous length of 40 meters (131 feet) to now 70 meters (230 feet) in length. Furthermore, the grade values were confirmed by completing the infilling sampling program. The latest results from these 12 new additional samples (see table 1 below) on level 15 averaged 5.25 meters of width (17.2 feet) grading 4.29 g/t Au, 161 g/t Ag, 1.37% Pb and 3.19% Zn over 70 meters in length (230 feet). Please note that several cuts were incomplete and all missing segments were considered as having nil grades as only the wider veins were assayed. Although some of the host rock did contain veinlets, it was assumed that the grade of all non-assayed material was nil. Consequently, the average grade that will be obtained from mining may be higher as the grades of the cuts in Table 1 do not include values from the veinlets and four cuts are missing a wider vein.

The Company is pleased with the results which provide further evidence of the continuity and the economic interest of the entire system. Although further work is required before the Company may comment directly on possible net ore values, the average grades on level 15 appear sufficient to yield solid revenues when applying current economic parameters.

This new discovery of 70 meters nearly doubles the original length reported of 40 meters. Although the Company can not directly comment on the potential future tonnage of this discovery before an updated NI 43-101 compliant report is completed, the Company is of the opinion that once the preparation work for the six mining blocks, between level 12 and 18 are completed, future mining operations may be materially affected. Readers are cautioned that although the above statement is based on the best available data the Company has collected to date, a material difference between the actual results and our expectations may arise once further drilling is completed.

This level 15 zone represents a specific geological phenomenon, well-known in structural geology, which is linked to the position of the veins in relation to a major regional fault (Tres Aguilas fault). Thus we may expect this zone to extend vertically for as long as the veins are in a similar position relative to the fault. To this point the Company has proven this continuity from levels 12 to 18 (230 meters or 755 feet) by drifting.

Furthermore, actual drilling performed on the A4 vein (see Company’s press release May 8, 2006), which is included in the same veins package within the Santa Juana mine, suggests that the vertical continuity of this zone might continue for an extra 400 meters (1,500 feet) below level 18, for a possible total vertical extension of 630 meters (2067 feet). Readers are cautioned that we are assuming that we should encounter mineralization between the upper and lower levels, but there are no guarantees that we will.

Current plans for further development work:

The Company is currently continuing its plans of further development and exploration in the area located between levels 12 and 18 (a vertical distance of nearly 230 meters (755 feet)).

To date, 70 meters (230 feet) of horizontal continuity has already been demonstrated by drifting on Level 15 and the Company is doing additional work to determine the full westward extent of this zone up to the Tres Aguilas fault and beyond as well as the eastward extension. Once the fault has been reached to the north-west section of the zone, the Company intends to explore on the other side of the fault to investigate if this structural pattern repeats itself as a mirror image of the current discovery.

The cuts missing one vein are those where a vein was already partially mined and it could not be sampled at that specific location. The samples marked as incomplete are those where a portion of the cut could not be sampled because it would have been included in support pillars. Those previously reported were the initial discovery reported on August 25, 2006. However, cut #10 was partially reported as one more vein was included in the cut since August 25, 2006.

Updated summary of known facts:

The facts pertaining to this recent discovery and how it relates to the other sections of the mine must be clearly emphasized in order to understand the scope of the geological units being dealt with and corresponding significance to the Company.

Based on sampling and drilling assays harvested to date, the following can be summarized:

A) The system as defined now extends vertically for 450 meters (1,476 feet) from level 12 down to level 18 and beyond. This height could continue to increase significantly as we have yet to test in either direction, upward and downward, beyond what we have reported on to this point;

B) Confirmation that the stockwork zone on level 17.5 and 18 has a width of over 26 meters (85 feet), which includes an intercept of 14.8 metres (48.6 feet) of width grading 5.13 g/t Au, 22 g/t silver (Ag), 0.45 per cent lead (Pb) and 0.5 per cent zinc (Zn);

C) The new discovery on Level 15 has a 5.25 meters (17.2 feet) average width;

D) The zone on Level 15 has a current lateral extension of 70 meters (230 feet) and further development work is underway to determine the full extent of the zone;

“The Company is pleased with the latest results from the new development on level 15. This recent discovery is from an entirely new section of the mine and once this information is integrated into our database the Company expects a positive impact to its resources. Preparations to mine from level 15 are nearly completed and required minimal capital expenditures given that all the necessary infrastructure was already in place,” noted Michel Roy, President and Chief Executive Officer of ECU Silver Mining.

Currently, we are working on level 15 to continue to test the length of that zone and we are also driving a major cross-cut on level 18. The Company expects to have more results shortly.

Mr. Michel Roy, P. Geo., a “qualified person” within the meaning of NI 43-101, prepared the technical information disclosed in this news release.

All widths are true widths. Samples were assayed at ERSA, in Torreon, Coahuila, Mexico. This laboratory is currently in the process of being certified. Property specific quality control samples were inserted at regular intervals in the sample sequence and the Company does check assays routinely at other certified laboratories.

ECU Silver Mining Inc is a junior Gold, Silver, Zinc and Lead producer in the prolific mining district of Velardena, Mexico where historically over 500,000 ounces of gold and 250,000,000 ounces of silver have been mined. Full scale production began in May 2005 at the Company’s Santa Juana mine.

Statements in the release that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

Head Office Rouyn-Noranda Quebec, Canada J9Y 1G9 Tel : (819) 797-1210

Fax : (819) 797-1214

Corporate Office J. I. Jimenez 663 colonia Los Angeles Torreon, Coahuila, Mexico, 27000 Tel: (01152)-871-717-8633

Fax: (01152)-871-718-5025

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: ECU Silver Mining Inc. Michel Roy President and Chief Executive Officer Cell: 011-52-871-727-1061 ecu@ecu.ca

www.ecu.ca

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