Ecuador Gold and Copper Corp. Announces Non-Brokered Private Placement for US$1,000,000

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VANCOUVER, April 23, 2013 /CNW/ - Ecuador Gold and Copper Corp. (TSXV: EGX) (the "Company") is pleased to announce it has closed the private placement (the "Private Placement") disclosed in its news release dated April 19, 2013, of 9,090,909 common shares (the "Shares") of the Company at a price of US$0.11 per Share for gross proceeds of US$1,000,000.

The Shares issued are subject to a four-month hold period from the date of issuance.

The proceeds of the Private Placement will be used for exploration and development of the Company's Condor Gold Project and for general working capital purposes.

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.

SOURCE: Ecuador Gold and Copper Corp.

For further information:

Carson Phillips
Vice-President, Corporate Development
Telephone: (604) 569-1621
E-mail: cphillips@ecuadorgoldandcopper.com