Ecometals Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2012. For the quarter, the company's loss before other items was CAD 812,786 compared with CAD 1,461,119 a year ago. Net loss for the period was CAD 7,505,273 or CAD 0.09 per basic and diluted share compared with CAD 1,403,427 or CAD 0.02 per basic and diluted share a year ago. Comprehensive Loss for the Period was CAD 7,344,511 compared with CAD 1,403,427 a year ago.

For the six months, the company's loss before other items was CAD 1,924,454 compared with CAD 3,585,506 a year ago. Net loss for the period was CAD 7,943,100 or CAD 0.09 per basic and diluted share compared with CAD 3,712,472 or CAD 0.05 per basic and diluted share a year ago. Comprehensive Loss for the Period was CAD 7,908,939 compared with CAD 3,712,472 a year ago. Cash used in operating activities was CAD 1,770,616 compared with CAD 2,954,124 a year ago. Additions to property, plant and equipment was CAD 7,141 compared with CAD 26,824 a year ago. Expenditures on exploration and evaluation assets were CAD 230,919 compared with CAD 1,171,889 a year ago.