ECU Silver Responds to Notice of Arbitration

TORONTO, ONTARIO, Jun 24 (MARKET WIRE) --
ECU Silver Mining Inc. ("ECU Silver") (TSX: ECU) announces that it has
received a Notice of Arbitration (the "Notice") from its San Diego
Property joint venture partner, Golden Tag Resources Ltd. ("Golden Tag"),
wherein Golden Tag is seeking to refer certain matters, pertaining to the
operation of the joint venture, to arbitration for resolution.

ECU Silver questions the basis for certain of the assertions made, and
conclusions sought, by Golden Tag in the Notice. ECU Silver further
questions the motives of Golden Tag in serving the Notice without prior
warning, particularly given that ECU Silver has been acting in good faith
to address certain of the concerns raised by Golden Tag.

ECU Silver intends to vigorously contest the Notice and the conclusions
sought therein.

The San Diego Property is one of three properties that are controlled by
ECU Silver, and is the smallest and least developed of the three. It is
also the only property in connection with which ECU Silver has a joint
venture partner. The San Diego Property is primarily a base metal
deposit, with silver as a co-product. Currently, ECU Silver is not mining
or milling any material from the San Diego Property.

Cautionary Statements

This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 27E of the Exchange Act.
Such statements include, without limitation, statements regarding the
future results of operations, performance and achievements of the
Company, including potential property acquisitions, the timing, content,
cost and results of proposed work programs, the discovery and delineation
of mineral deposits/resources/reserves, geological interpretations,
proposed production rates, potential mineral recovery processes and
rates, the proposed construction of a mill, business and financing plans,
business trends and future operating revenues. Although the Company
believes that such statements are reasonable, it can give no assurance
that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are
those, which, by their nature, refer to future events. The Company
cautions investors that any forward-looking statements by the Company are
not guarantees of future results or performance, and that actual results
may differ materially from those in forward looking statements as a
result of various factors, including, but not limited to, variations in
the nature, quality and quantity of any mineral deposits that may be
located, significant downward variations in the market price of any
minerals produced, the Company's inability to obtain any necessary
permits, consents or authorizations required for their activities, to
produce minerals from their properties successfully or profitably, to
continue their projected growth, to raise the necessary capital or to be
fully able to implement their business strategies. All of the Company's
public disclosure filings may be accessed via www.sedar.com and readers
are urged to review these materials, including the technical reports
filed with respect to the Company's mineral properties.

The Toronto
Stock Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the content of this Press Release.

Contacts:
ECU Silver Mining Inc.
Michel Roy
Chairman and CEO
011 52 871 747 5750

ECU Silver Mining Inc.
Stephen Altmann
President
(416) 366-2428
(416) 366-8131 (FAX)
Website: www.ecu.ca

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