October 21, 2011,
Vancouver, Canada -- El Niño Ventures Inc. ("El Nino" or the "Company") (TSXV:
ELN; Frankfurt: E7Q) announces that, pursuant to a special resolution passed by
shareholders of the Company on September 8, 2011, it has consolidated its
capital on a two and one-half (2.5) old for one (1) new share basis. Effective
at the opening on October 24, 2011, shares of El Nino will commence trading on a
consolidated basis of which 47,633,626 Common shares will be issued and
The new CUSIP and ISIN
numbers are: 28335E205 and CA28335E2050 respectively. Please note that there is
no change of name or trading symbol.
Nino Ventures Inc.
El Nino Ventures Inc. ("ELNOF" and the "Company") (OTCQX:
ELNOF; TSX.V: ELN) trades in Canada on TSX Venture Exchange under the symbol
"ELN" and in the United States on OTCQX under the symbol "ELNOF". El Nino
Ventures is an exploration company, focused on exploring for zinc (Zn), lead (Pb),
silver (Ag), and copper (Cu) in the Bathurst Mining Camp in New Brunswick,
Canada. The Company and Xstrata Zinc entered into a Tri-partite Option agreement
with Votorantim Metals Canada Inc. (Votorantim) whereby Votorantim, by incurring
exploration expenditures of $10 million over a period of 5 years can earn a 50%
interest in the project. Votorantim may further elect to increase its interest
to 70% by spending a further $10 million over an additional two years. The
second phase, a $5 Million exploration program which includes a 10,000 metre
drilling program that is underway.
In addition, the Company
entered into a Participation Agreement with Votorantim on the Murray Brook
Massive Sulphide/Polymetallic deposit, situated as well, within the Bathurst
Mining Camp. (See press release dated January 20, 2011).
The company is currently concluding a minimum of 6650 meters of drilling,
testing the Zinc-Silver-Gold deposit which is Bathurst fifth large massive
sulphide deposit. (see press release dated August 30, 2011).
In the Democratic Republic of the Congo (DRC), the company is also planning an
aggressive exploration program for 2012 at their Kasala Copper/Cobalt Project
which will be subject to finalizing the Company's current legal issues on the
El Nino's management is seeking to acquire additional base and precious metals
projects on an international scale that meet our corporate objectives and will
add to its already extensive project portfolio.
On behalf, of the
shareholders and Board of Directors of El Nino Ventures, I would like thank you
for your ongoing support.
Harry Barr, Chairman and Acting CEO
For further information:
Corporate: Jay Oness --
Investor Relations: Toll
2303 West 41st Avenue, Vancouve, B.C. V6M 2A3
TSX Venture Exchange or its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Note: this release contains
forward-looking statements that involve risks and uncertainties. These
statements may differ materially from actual future events or results and are
based on current expectations or beliefs. For this purpose, statements of
historical fact may be deemed to be forward-looking statements. In addition,
forward-looking statements include statements in which the Company uses words
such as "continue", "efforts", "expect", "believe", "anticipate", "confident",
"intend", "strategy", "plan", "will", "estimate", "project", "goal", "target",
"prospects", "optimistic" or similar expressions. These statements by their
nature involve risks and uncertainties, and actual results may differ materially
depending on a variety of important factors, including, among others, the
Company's ability and continuation of efforts to timely and completely make
available adequate current public information, additional or different
regulatory and legal requirements and restrictions that may be imposed, and
other factors as may be discussed in the documents filed by the Company on SEDAR
including the most recent reports that identify important risk factors that
could cause actual results to differ from those contained in the forward-looking
statements. The Company does not undertake any obligation to review or confirm
analysts' expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. Investors should
not place undue reliance on forward-looking statements.