Ecuador Gold and Copper Corp. (TSXV: EGX)

ADVANCED GOLD & COPPER EXPLORATION PROJECT IN ECUADOR

Corporate Presentation January 2014 1

TSX.V:EGX

www.ecuadorgoldandcopper.com

Disclaimer

Forward Looking Information This presentation includes statements that are forward-looking. All statements in the presentation (other than statements of historical fact) that address future operations or plans of Ecuador Gold & Copper Corp. (“EGX”) or their affiliates, proposed acquisitions, development and commissioning of mines, long term corporate goals, estimated development costs or operating costs, marketing plans or anticipated customers, mine reserves or resources, expansion of production, demand for product, and the future of the mining industry in general and the mining industry in Ecuador in particular are forward-looking statements. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the results, performance or achievements implied by the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, market prices for gold, general economic, market and business conditions, risks and uncertainties related to EGX’s abilities to complete their acquisition of gold properties in Ecuador, to successfully explore and develop the property, to obtain all necessary permits for exploration and development as and when required, to obtain listings for securities of EGX on a Canadian stock exchange upon completion of the acquisition of the property by EGX, estimation of resources and reserves, delays in exploration or development, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in exploration or development, gold price fluctuations, failure to obtain adequate financing when needed, exchange rate fluctuations, and risks and uncertainties associated with doing business in Ecuador.

Although EGX has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information.

There may be information in this presentation that is information about prospective results of operations, financial position or cash flows (a “financial outlook”). This financial outlook is provided only to assist in an evaluation of the prospective business outlined in this presentation, but are not to be relied upon as accurate representations of future results and may not be appropriate for any other purpose. Furthermore, because this financial outlook is based upon estimates and hypothetical assumptions about circumstances and events that have not yet taken place and are subject to variation, there are no representations or warranties associated therewith, and there can be no assurance that the outlook will be attained. Readers are cautioned that no forward looking statement or financial outlook is a guarantee of future performance. EGX assumes no obligation to update these forward-looking statements or financial outlook except as may be required by law.

Not an Offering of Securities This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities of EGX or any other securities.

Cautionary Note to U.S. Investors Concerning Estimates of Measured and Indicated Resources This presentation uses the terms “Measured” and “Indicated” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.

2

Resource

Condor Gold Project

3

Condor Gold

Project


Condor Gold Project Resource & Growing

GOLD SILVER

Indicated 6.4

million ounces

18.5 million ounces

Inferred 2.1

million ounces

4.5 million ounces

The Company's core asset is the Condor Gold Project, which contains an Indicated Mineral Resource of 6.37 million ounces gold and 18.47 million ounces silver (within 318.85 million tonnes grading 0.62 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). Additionally an Inferred Mineral Resource of 2.07 million ounces gold and 4.46 million ounces silver (within 127 million tonnes grading .52 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). The Condor Gold Project also contains an Inferred Mineral Resource of 1.1 billion lbs of copper (within 161.0 million tonnes grading 0.31% copper, using a 0.2% copper cut-off).

Corporate Highlights

Condor Gold Project

4

Condor Gold

Project

Condor Gold Project

• Recently updated 43-101 resource in October 2013

• Looking to complete Preliminary Economic Assessment by Q1 2014

• Company is focusing on five main deposits within the Condor Complex which include:

1) Santa Barbara 2) Los Cuyes 3) Soledad 4) El Hito 5) Chinapintza (Joint Venture)

• 43-101 indicated resource of 6.4 million oz gold and inferred resource of 2.1 million oz gold

• 43-101 indicated resource of 18.5 million oz silver and inferred resource of 4.5 million oz silver

• 43-101 inferred resource of 1.1 billion lbs copper

• Joint Venture was announced to develop Chinipintza Deposit with Guangshou Group


Condor

Corporate Highlights

Condor Gold Project

5

Condor Gold

Project

Condor Gold Project

• Recently completed Phase 1 and 2 drill program

• Highlights include: • Hole DSB-23 at Santa Barbara intersected almost

continuous gold and copper mineralization over 496 meters from 204m to 700m grading an average of 0.90 g/t gold and 0.12% Cu over the interval.

• Hole DCU-41 at Los Cuyes encountered 149.0 m @0.84g/t Au and 9.0 g/t Ag there are numerous intercepts highlighted by a 14.1m interval with 5.00 g/t Au and 39.0 g/t Ag including 4.8m at 10.55 Au and 80.8 g/t Ag.

• Hole DEH-05 at El Hito intersected relatively continuous copper mineralization over 703 meters from 8.0m to 711.0m grading an average of 0.31% Cu and 1.18 g/t Ag over the entire length.


Condor

Joint Venture

Condor Gold Project

6

Condor Gold

Project

Chinapintza Joint Venture

• In November 2012 Company and Guangshou Group formed the JV Chinapintza Mining Corp for the exploration and development of the Chinapintza deposit

• Under the terms of the Agreement, Ecuador Gold and Guangshou plan to proceed with the development of up to 300 tonnes per day of gold operation at the Chinapintza deposit pursuant to the "small‐scale mining regime" under Ecuador law, which limits such exploration development to 300 tonnes per day of gold mineral extraction.

• Ecuador Gold will retain a 30% interest in the project with Guangshou supplying all of the funds for construction and development of the asset.


Condor

Project History

Condor Gold Project

7 www.ecuadorgoldandcopper.com

• TVX Gold Inc. extensively explored the Condor Gold Project during this time

• Work included geochemistry, geophysics, extensive and widespread drilling totaling 51,439 metres

• TVX completed a feasibility study in 1996 for Chinapintza

1993-99 2010 • Ecuador Capital Signed an

agreement to acquire Ecometals (TSX.V - EC) 90% interest in the Condor Gold Project

• New Ecuador mining regulation put into place.

2012 • Listed on the TSX Venture

Exchange in July 2012

• Raised concurrent financing of $5.6 million. Debenture for $1 million

• Continued relogging and remapping of property

• Commenced Phase 1 drill program (10,000 m) in August

.

2013 2011 2003-10 • Goldmarca/Ecometals worked

the project and began a campaign of mapping, sampling, trenching, diamond drilling

• Completed 33,390 metres of diamond drilling

• Obtained an Environmental Impact Assessment (EIA) approval for exploitation of a 500 TPD mine in 2006.

• Raised $12 million privately through various financings

• Completed 43-101 compliant resource estimate

• Remodeling and reinterpretation of geological structure

• Extensive relogging of core

• Extensive geological mapping and sampling of property

• Complete Phase 1 drilling program in May

• Chinapintza Joint Venture Development

• Announced 43-101 resource update in October

• Commence Preliminary Economic Assessment

2014 • Completed Phase 2 Santa

Barbara drilling in January 2014

• Updated Resource Estimate to be completed in Q1

• Completion of Preliminary Economic Assessment in Q1

• Chinapintza Joint Venture Development

.

Directors and Management

Glenn Laing President, CEO and Director

• Over 35 years experience in the mining and financial industries including over 25 years in the position of President / Managing Director of mining and exploration companies

• Raised in excess of $1 billion for mining and exploration projects

Dr. Mario Blejer Director

• Dr. Mario I. Blejer is an independent economic consultant who holds a degree in Economics and Jewish History and a Master's Degree in Economics from the Hebrew University of Jerusalem as well as a Ph.D in Economics from the University of Chicago.

Carson Phillips Director

• Mr. Phillips has a degree in Business Administration from UBC Okanagan as well as a degree in International Business from the Netherlands

• Formally with the International Chamber of Commerce, Paris, France

James Xiang Director

• Mr. Xiang is the President of China Mineral Resources Limited ("CMRL") and President of CNX Consulting Inc. which provides accounting and financial advisory services to Chinese companies that are seeking listing, financing and M&A opportunities in North America.

Paul Jones Director

• Mr. Paul Jones has served in numerous engineering, operations, senior management, consulting positions and director in public and private companies active in the Americas, Africa and Asia during his long career (+40 years) in the mining industry


Directors and Management

Marcelo Rivadenaris General Manager

• Previously General Manager of Shell, Ecuador. He has served in numerous engineering, operations and senior management positions in Ecuador . He is a graduate of Lousiana State University

Branislav Trajkovski Director

• Mr. Trajkovski has been the Vice-President of investment banking for Jefferies International Limited in London since June 2010.

• Currently a partner with Azar Capital Partners, LLP of London, England.

Guoqing Huang Director

• Mr Haung is currently the President of Guangshou Group Ltd., an independent mining and exploration company that owns and operates a number of mining operations in China and South East Asia.

Mit Tilkov VP of Exploration

• Over 35 years of experience mostly in exploration management with Cominco and thereafter Teck‐Cominco

• Registered Professional Geologist (P.Geo.) in British Columbia, Canada and will be the Company's in‐house Qualified Person (QP) for the purposes of NI 43‐101.


Ecuador

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Ecuador: Improving Mining Regime

• Well understood favorable mining geology in the

Andean Mineral belt

• New Mining Regulation passed in 2010 and Amended

in 2013

• Mining contracts have been negotiated with

EcuaCorriente.

• INV Metals (Chairman Terrance MacGibbon) recently

acquired IAMGOLD’s Quimsacocha Project

• EcuaCorriente are proceeding with construction of

Mirador copper and gold mine

• All business in Ecuador is transacted in US$


Location


EGX’s Condor Gold Project is located in the Pachicutza Mining District, about 40km east of

Zamora and 200km east of Loja.

Condor Gold

Fruta Del Norte

Location

12

Project Location: Very prospective mineral régime


• Kinross acquired Aurelian Resources in 2008 for $1.3 billion

• Resources estimate 13.7 MMoz Au

Fruta del Norte Project

• China Railway & Tongling acquired Corriente Resources in 2010 for $679 million

• Resources estimate of 438 million tonnes M&I @0.61% Cu, 0.2g/t Au and 1.6g/t Ag and 236 million tonnes Inferred to 0.51% Cu, 0.17g/t Au and 1.3g/t Ag

• Signed exploitation agreement on in March 2012

EcuaCorriente – Mirador Project

Located south of 13.7 million oz Fruta del Norte Project and 4.5 million oz Mirador Project

Condor Complex

- Chinapintza

- Los Cuyes

- Soledad

Santa Barbara North

Santa Barbara South

Geology and Deposits

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• Located approximately 40 km east of the town of Zamora in

the Pachiicutza Mining District

• Four types of mineral systems exist

• Low sulphidation epithermal gold

• Structurally controlled vocaniclastics & breccia pipes

• Polymetallic (Au, Ag, Pb, Zn) mesothermal veins and

structurally controlled high grade epithermal gold

• Gold, copper/gold and copper/ zinc porphyry systems

• Northern Sector – Chinapintza, Los Cuyes, & Soledad

• Comprises structurally controlled mineralization which

is hosted by a series of veins, breccia pipes, diatremes

and porphyries,.

• Southern Sector – Santa Barbara & El HIto

• Host to both classic Cu-Au Porphyry mineralization and

structurally controlled higher grade gold and silver

deposits


Resource


43-101 Gold Resource:

- Indicated resource of 6.4 million oz Au - Inferred resource of 2.1 million oz Au

43-101 Silver Resource:

- Indicated resource of 18.5 million oz Ag - Inferred resource of 4.5 million oz Ag

Porphyry Models

TYPE A Porphyry Gold – Copper Base Metal Model

+/- Ag, Mo, Zn

TYPE B Porphyry Gold Rich Model

Au, Cu, Mo, Zn, Bi, Te, As


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North-South Cross-Section of Porphyry Driven Deposits

Condor


15KM OF STRIKE FOR DISCOVERY OF LARGE PORPHYRY DEPOSITS

17

Drill Map - Santa Barbara


HIGHLIGHTS • Hole DSB-23 at Santa Barbara intersected almost continuous gold and copper mineralization over

496 meters from 204m to 700m grading an average of 0.90 g/t gold and 0.12% Cu over the interval.

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Drill Map - El Hito


HIGHLIGHTS • Hole DEH-05 at El Hito intersected relatively continuous

copper mineralization over 703 meters from 8.0m to 711.0m grading an average of 0.31% Cu and 1.18 g/t Ag over the entire length.

19

Drill Map - Los Cuyes


HIGHLIGHTS • Hole DCU-41 at Los Cuyes encountered 149.0 m @0.84g/t Au and 9.0 g/t Ag there are numerous intercepts

highlighted by a 14.1m interval with 5.00 g/t Au and 39.0 g/t Ag including 4.8m at 10.55 Au and 80.8 g/t Ag.

20

Drill Map - Soledad


21

Soledad 3D Model


22

Santa Barbara 3D Model


Historical Drilling Summary

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Average

Depth

186 m

Average

Depth

278 m

TVX and Goldmarca

were focused on the

North Sector

Northern Sector (Condor) 78,747 m

Southern Sector (Santa Barbara)

32,791 m

Total Drilling 84,831 m


Strategic Goals – 2014

24

Condor Gold

Project


1) Phase 2 Exploration drill program (15,000 m) – Completed January 2014

2) Preliminary Economic Assessment on Santa Barbara – Expected Completion Q1 2014 • Including updated Resources Estimate from Phase 2 drill program

3) Exploration program covering entire Condor Concessions – Throughout 2014 • Phase 3 drill program – 7,500 meters

4) Pre Feasibility Study on Santa Barbara – Expected Completion Q2 2015

5) Preliminary Economic Assessment on Los Cuyes/Soledad – Expected Completion Q4 2014

6) Chinapintza Joint Venture

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Capital Structure


Common Shares

Management & Directors 10,000,000

Common Shares 196,924,757

Shares Outstanding 206,924,757

Options 13,711,355

Warrants 70,539,553

Fully Diluted 291,175,665

APPENDIX


Resource


Condor Gold Project 43-101 Resource Breakdown

Tonnage Grade Contained Metal

(000 t) (g/t Au) (g/t Ag) (% Cu) (000 oz Au) (000 oz Ag) (lbs Cu)

Indicated (Gold)

Los Cuyes 46,848 0.82 6.19 1,235 9,323

Soledad 34,900 0.63 7.21 707 8,090

Enma 1,005 2.88 32.83 93 1,061

Santa Barbara South 236,100 0.57 0.85 0.1 4,330 -

Indicated 318,853 0.62 2.43 6,365 18,474

Inferred (Gold)

Soledad 20,000 0.50 6.93 322 4,456

Santa Barbara South 102,000 0.50 0.90 0.10 1,600 -

Santa Barbara North 5,000 0.90 145 -

Inferred 127,000 0.52 1.09 2,067 4,456

Inferred (Copper)

El Hito 161,000 0.31 1.1 billion

Inferred 161,000 0.31 1.1 billion

Gold resources have been calculated using a 0.25 g/t Au cutoff grade and copper resources at El Hito were calculated using a 0.2% Cu cutoff grade

The Company's core asset is the Condor Gold Project, which contains an Indicated Mineral Resource of 6.37 million ounces gold and 18.47 million ounces silver (within 318.85 million tonnes

grading 0.62 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). Additionally an Inferred Mineral Resource of 2.07 million ounces gold and 4.46 million ounces silver (within 127 million

tonnes grading .52 grams/tonne gold, using a 0.25 grams/tonne gold cut-off). The Condor Gold Project also contains an Inferred Mineral Resource of 1.1 billion lbs of copper (within 161.0

million tonnes grading 0.31% copper, using a 0.2% copper cut-off).

Contact:

Ecuador Gold and Copper Corp. 5000 Yonge St. Suite 1901

Toronto, Ontario M2N 7E9

Email: [email protected] Tel: (604) 657 5871

Contact


mailto:[email protected]

Investor Relations

Ecuador Gold and Copper Corp. (TSXV: EGX)