Ecometals Ltd. reported audited consolidated earnings results for the year ended March 31, 2012. For the year, the company reported loss from operations of CAD 8,486,558 compared to CAD 13,872,686 a year ago. Net loss for the year was CAD 7,388,559 or CAD 0.09 basic and diluted per share compared to CAD 14,714,933 or CAD 0.20 basic and diluted per share a year ago. Cash used in operating activities was CAD 4,597,494 compared to CAD 4,733,924 a year ago. Additions to property, plant and equipment were CAD 17,394 compared to CAD 57,936 a year ago. Expenditures on exploration and evaluation assets were CAD 2,345,651 compared to CAD 2,175,326 a year ago.