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April 4, 2011, Vancouver,
Canada. -- El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN;
Frankfurt: E7Q)
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$2M first tranche
closed for over-subscribed $1.5M non-brokered private placement announced on
March 1st, 2011 (See press release dated
April 1, 2011)
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10,000 metre
drill program to commence at Bathurst Mining Camp, Spring 2011
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El Niño provides
notice to Votorantim to enter into an option on the Murray Brook deposit,
Bathurst Mining Camp, New Brunswick
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Aggressive acquisition program in progress
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 has 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, can earn into 50% of the project. 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).
Management
is aggressively negotiating to acquire additional projects on an international
scale that meet our corporate objectives.
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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