Ecuador Gold Announces Grant of Stock Options

VANCOUVER, BC / ACCESSWIRE / April 20, 2016 / Ecuador Gold & Copper Corp. EGX (the "Company") announces that it has granted its directors, officers and consultants stock options (the "Options") to purchase a total of 1,175,000 common shares of the Company in accordance with its Stock Option Plan and subject to the policies of the TSX Venture Exchange. The Options are exercisable at a price of $0.30 per share, being the closing price of the Company's shares on April 19, 2016, and expire on April 20, 2026. The Company's stock options represent a useful and valuable means of recognizing and incentivizing the contributions of the Company's employees, directors, officers and consultants.

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: hdaun@ecuadorgoldandcopper.com

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.

SOURCE: Ecuador Gold & Copper Corp.