Ecuador Gold & Copper Corp. announces appointments to Board of Directors and Advisory Board

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VANCOUVER, Feb. 22, 2013 /CNW/ - Ecuador Gold & Copper Corp. (the "Company") (TSXV: EGX) is pleased to announce the appointment of Dr. Mario I. Blejer and Mr. Paul Jones to the Board of Directors. The Company also announces the appointment of Mr. James Hutton to the Advisory Board of the Company, and the resignation of Mr. Hutton from the Board of Directors.

Dr. Mario I. Blejer is an independent economic consultant who holds a degree in Economics and Jewish History and a Master's Degree in Economics from the Hebrew University of Jerusalem as well as a Ph.D in Economics from the University of Chicago.

Dr. Blejer has published several articles on macroeconomic and financial stability subjects.  He served for twenty years in different departments of the International Monetary Fund.  In 2002, Dr. Blejer was appointed Chairman of the Central Bank of Argentina and during 2003 he was appointed Director of the Center for Studies of Central Banks of the Bank of England.  In 2009, Dr. Blejer was appointed Deputy Chairman of Banco Hipotecario SA which trades on the Buenos Aires Stock Exchange.  Dr. Blejer also sits on the board of directors of IRSA Inversiones y Representaciones SA ADR, which trades on the New York Stock Exchange.

"We are very pleased to welcome Dr. Blejer to the Board", commented Glenn Laing, the Company's Chief Executive Officer. "Dr. Blejer brings a wealth of business and economics acumen which will be invaluable to the Company in executing its future business plans. We are privileged Dr. Blejer has accepted an appointment to the board of directors of the Ecuador Gold and Copper Corp."

The Company would also like to welcome Mr. Paul Jones to the Board of Directors. Mr. Jones has served in numerous engineering, operations, senior management and consulting positions as well as a director in public and private companies active in the Americas, Africa and Asia during his career in the mining industry, which spans over 50 years.  Mr. Jones is a Legion of Honour member of the Society of Mining Engineers where he has been a member since 1958, and is a member and officer of the Mining and Metallurgical Society of America.  In February 2004, Mr. Jones received the William Lawrence Saunders Gold Medal from the American Institute of Mining, Metallurgical and Petroleum Engineers in recognition of his service to the public and the mining industry.

Mr. Jones replaces Mr. Hutton, who has resigned from the Board of Directors but has been appointed to the Advisory Board and Mr. Blejer is added as an additional director increasing the size of the Board to five directors. The Board thanks Mr. Hutton for his contributions to the Company and looks forward to working with him as a member of the Advisory Board.

The Company would also like to announce that Mr. Mit Tilkov, who currently holds the position of VP Exploration for the Company, will be replacing Mr. Robin Slaughter as General Manager of Condormining Corporation, S.A., the Company's 90%-owned subsidiary which holds the Company's mineral properties in Ecuador.

Mr. Tilkov graduated from the University of Waterloo with a B.Sc Geology degree and has over 30 years of experience mostly with Cominco and thereafter Teck-Cominco where he was responsible for resource estimation and new business development. His most recent position was as President of FDG Mining - a Nicaragua gold exploration company. Mr. Tilkov is a registered Professional Geologist in British Columbia and is the Company's in house Qualified Person for the purposes of National Instrument 43-101.

Cautionary Note

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SOURCE: Ecuador Gold and Copper Corp.

For further information:

Carson Phillips
Vice-President Corporate Development
Telephone: (604) 569-0721
E-mail: cphillips@ecuadorgoldandcopper.com