Eco Oro Announces Results of Annual General Meeting of Shareholders

VANCOUVER , May 13, 2013 /CNW/ - Eco Oro Minerals Corp. ("Eco Oro" or the "Company") (TSX: EOM ) announces that all resolutions presented at the Company's Annual General Meeting held on May 10, 2013 were approved by the shareholders, including the election of the directors nominated by management.  The proxy results on the election of directors were as follows:

Shareholders also passed ordinary resolutions approving the appointment of KPMG LLP as auditors for the ensuing year, an amendment to the Amended & Restated Shareholder Rights Plan Agreement to extend the term to December 20, 2016 and the Advance Notice Policy adopted by the Board of Directors of the Company.

Eco Oro Minerals Corp. is a publicly-traded precious metals exploration and development company with a portfolio of projects in Colombia . Eco Oro has been focused on its wholly-owned, multi-million ounce Angostura gold-silver deposit, located in northeastern Colombia , for over 18 years during which it has invested over $220 million in the project's development and in that of the surrounding communities.  Eco Oro is committed to further advancing the Angostura Underground Project in a socially and environmentally responsible manner that will be beneficial for all stakeholders.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation. They include statements about outcomes relating to the determination of boundaries for paramo in the area of the Angostura Project. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, political influence, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Annual Information Form dated March 26, 2013 , which is available on SEDAR at www.sedar.com . Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

For more information please visit the Company's website at  www.eco-oro.com or contact

João Carrelo President & CEO Tel: +1 604 682 8212 TF: 1 855 682 8212

Fiona Grant Leydier Director, Investor Relations Tel: +1 604 682 8212 TF: 1 855 682 8212