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March 4, 2011 Vancouver,
Canada -- El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; FSE: E7Q)
is pleased to announce the appointment of Mr. Colin Bird to its Advisory Board.
Mr. Bird's mandate will be to assist the Company in seeking and evaluating new
project alternatives throughout Africa in base metals and gold.
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Mr.
Bird has over 40 years of experience in the mining
industry and is a UK Chartered Mining Engineer. He has
spent the formidable part of his career in the mining
sector, holding senior management positions in coal,
gold, nickel and industrial metal companies. In the
early 1990s, Mr. Bird worked in corporate finance and
was the Managing Director of Lion Mining Finance Limited
and Lion Capital Corporation Limited based in London,
UK. In the late 1990's he was responsible for advising
several successful mining companies and was the founder
of Jubilee Platinum plc and Kiwara Resources. He was
also involved in a number of public issues in Europe and
South Africa. He is currently Non Executive Chairman of
Jubilee and Executive Director of SacOil Holdings
Limited in South Africa. |
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Harry Barr, Chairman stated,
"We are very pleased to have Colin join the Advisory Board. Colin's
attributes go far beyond his technical abilities as he also has extensive
experience in Project acquisitions, fund raising and business development.
Furthermore, his experience will be invaluable in further implementing our
strong growth through acquisition strategy".
Mr. Bird will join a growing team of professionals with a wealth of experience
in all aspects of mining including geologists, engineers, and corporate finance
advisors who have spent their careers guiding mineral exploration companies from
grass roots exploration through to production with a specific emphasis on base
metals and gold.
About El Niño Ventures Inc.
El Niño Ventures Inc. is an exploration company, focused on exploring for
Copper/Cobalt in the Democratic Republic of Congo ("DRC"). In addition the
Company had entered into an Option agreement with Votorantim and Xstrata Zinc
whereby Votorantim, by incurring exploration expenditures of $10 million over a
period of 5 years. Votorantim may further elect to increase its interest to 70%
by spending another $10 million over an additional two years. The Votorantim
option is on an extensive land package in the Bathurst Mining Camp that ELN
currently shares 50/50 with Xstrata Zinc Canada.
In February 2011, ELN announced that a $5 million exploration program has begun
consisting of airborne and ground geophysics and will include a 10,000 metre
drill program which is slated for commencement in the spring of 2011. (See press
release dated February 23, 2011).
In January 2011, ELN announced that it has provided notice Votorantim Metals
Canada Inc. (Votorantim) to enter into an Option Agreement on the Murray Brook
Polymetallic Deposit, situated in the Bathurst Mining Camp in New Brunswick,
Canada. (See press release dated January 20,2011). El Nino continues to
aggressively review new projects in base metals and gold to add to its growing
project portfolio.
On Behalf of the Board of Directors,
"Harry Barr"
Harry Barr, Chairman and Acting CEO
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
(www.sedar.com),
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.
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