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Re: News Release - Tuesday, November 13, 2007
ECU Silver Announces Third Quarter Financial Results and
Appointment of a Chief Financial Officer
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TORONTO, ONTARIO-November 13, 2007 - ECU Silver Mining Inc. (TSX :ECU)
is pleased to announce that financial results for the quarter ended
September 30, 2007 and corresponding Management Discussion & Analysis
have been filed and are available on Sedar (sedar.com) and the Company
website www.ecu.ca.

Third Quarter Highlights

The Company has again completed another exciting quarter from an
exploration and development perspective. Our decision to temporarily
reduce production and emphasize exploration and development has
returned considerable success. In the past three months alone, the
Company has announced significant exploration results within its
Velarde�a District Properties (comprised of the Velarde�a, Chicago and
San Diego properties).

These recent results include the discovery of the lateral extensions of
the Terneras Vein which has historically been the most prominent vein
on the Velarde�a Property. These lateral extensions have the potential
for extensive continuity which in turn could yield significant
additional resources. Our exploration program has also resulted in
identifying depth continuity on several veins within the district where
we expect vertical extensions of several hundred metres consistent with
the geological model that is pervasive in the region. Finally our
exploration efforts are quickly advancing our understanding of the
Mineralized Corridor at the Santa Juana mine where we have been
interpreting a series of vein packages that will likely be amenable to
bulk mining techniques thereby allowing for much lower cost mining in
the future.

The Company plans to release N.I. 43-101 compliant mineral resources
report in the 4th quarter of this year. Micon International has been
contracted to prepare it.

Financial Summary

The Company is pleased to provide Shareholders with the following
financial highlights and operating results for the three months ending
September 30, 2007. All numbers are in Canadian dollars unless
otherwise mentioned.

In the 3rd quarter of 2007, revenues of $432,201 were generated from
metals sales, compared with $784,214 in the same period in 2006. The
difference is essentially due to less silver, lead and zinc being
produced as a result of a shift in focus towards exploration and
mineral resource definition and delineation. This work started in late
2006 and has been accelerated in the 2nd and 3rd quarter of 2007 when
essentially all the material processed in the mill came from
development headings and bulk mining test stopes in new areas of the
Mineralized Corridor that are being evaluated.

The net loss for the 3rd quarter of 2007 was $1,493,464 or $0.01 per
share, compared with net loss of $2,116,894 or $0.01 per share for the
same period in 2006. The change is due to the shift in focus from
production to exploration and development at the mines and additional
administration costs described above.

During the 2nd quarter of 2007, ECU Silver completed a brokered private
placement and issued an aggregate of 12,500,500 Units for total gross
proceeds of $28,751,150 before share issuance expenses and commissions
of $1,808,673. The net proceeds of this financing are to fund
acquisition of titles, technical studies, land acquisition,
construction, mineral exploration and development on its properties as
well as for new property acquisitions and for general working capital
purposes.

In the 3rd quarter, the Company made capital investments for an amount
of $8,601,234 in exploration and the acquisition of properties, plant
and equipment (including US$4.5 million to acquire the "Velarde�a
Claims") compared with $1,149,185 in the same period in 2006.

As of September 30, 2007, the Company had positive working capital of
$6,963,430, compared with negative $4,840,319 as of December 31, 2006
as a result of an increase in cash and cash equivalents generated by a
brokered private placement in the 2nd quarter of 2007.

Cash flows relating to operating activities for the 3rd quarter 2007
were negative $1,994,434 compared to negative $2,676,970 over the same
period in 2006.

New Chief Financial Officer

ECU Silver is also pleased to announce the appointment of Dwight
Walker, effective November 19, 2007 as Chief Financial Officer for ECU
Silver.

Mr. Walker has 30 years of extensive experience in financial and
administrative management in the manufacturing, distribution, retail,
and public accounting sectors. He has worked in large and small
corporate environments including Ernst & Young, Patheon Group and
Richards Packaging a TSX listed public company where he was most
recently Director, Administration reporting directly to the CFO.

Mr. Walker is a Certified General Accountant and has his Bachelors in
Mathematics from the University of Waterloo.

The Company also wishes to announce that Richard Buzbuzian's contract
has expired and Mr. Buzbuzian is pursuing other opportunities. We wish
to thank Richard for his hard work and contribution to the Company.

About ECU

With executive offices in Toronto, Ontario, ECU Silver Mining Inc.
(www.ecu.ca) is a Canadian silver and gold mining and exploration
company that is involved in the evaluation, development and mining of
precious metal deposits in Mexico. The Company owns the historically
prolific Velarde�a Property which holds five historical mines and a
milling operation in the state of Durango, Mexico. ECU's goal is to
become one of Mexico's largest producing silver mines. ECU's common
shares are listed on the TSX under the trading symbol ECU.

Statements in the release that are "forward-looking statements" are
based on current expectations and assumptions that are subject to risks
and uncertainties. Actual results could differ materially. We undertake
no duty to update any forward-looking statement to conform the
statements to actual results or changes in our expectations.


FOR FURTHER INFORMATION PLEASE CONTACT:
ECU Silver Mining Inc.

Stephen Altmann
President
(416) 644-8640
(416) 644-8801 (FAX)
Website: www.ecu.ca

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Copyright (c) 2007 ECU SILVER MINING INC. (ECU) All rights reserved.
For more information visit our website at http://www.ecu.ca/ or send
mailto:ecu@ecu.ca
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