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May 24, 2011, Vancouver,
Canada -- El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN;
Frankfurt: E7Q) wishes to announce that, further to its press release of April
26, 2011, the Company has granted, effective today, an aggregate 3,710,00 stock
options, not 4,000,000 stock options as disclosed in the April 26th press
release. The Company has granted these options to various directors, officers,
employees and consultants of the Company at an exercise price of $0.17 per
common share for a period of five years. The foregoing is subject to regulatory
approval.
About El Nino Ventures
El Niño Ventures Inc. is an international exploration company, focused on
exploring for Copper/Cobalt in the Democratic Republic of Congo ("DRC") and
Lead, Zinc and Copper in New Brunswick, Canada.
In Canada, El Nino holds a 50% interest in an extensive base metal project
located within the Bathurst mining camp in Bathurst, New Brunswick, where
earlier drilling campaigns have been carried out on several historical deposits
of lead, zinc and copper mineralization within the large claim block owned 50%
ELN, 50% Xstrata Zinc.
El Niño subsequently entered into an option agreement with Votorantim Metals
Canada Inc. and Xstrata Zinc Canada whereby Votorantim may earn a 50% interest
in El Niño's landholdings by expending $10 million over 5 years and may further
increase its interest in El Niño's landholdings to 70% by expending an
additional $10 million over a further two years. (Please see release dated
May
4, 2010,).
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 to Votorantim Metals
Canada Inc. (Votorantim) to enter into an Option Agreement on the Murray Brook
Massive Sulphide /Polymetallic Deposit, situated in the Bathurst Mining Camp in
New Brunswick, Canada. (See press release dated
January 20, 2011). Drilling has been initiated on this project.
El Nino's management is aggressively seeking to acquire
additional projects on an International scale that meet our corporate
objectives. This includes base and precious metal properties within Africa and
North America.
El Nino has approximately $2.5 million in cash with no debt.
On behalf of the shareholders and board of directors of El Nino Ventures, I
would like thank you for your ongoing support.
"Harry Barr"
Harry Barr, Chairman and Acting CEO
For further information:
Corporate: Jay Oness --
jay@elninoventures.com
Investor Relations: Toll
free 1.800.667.1870
2303 West 41st Avenue, Vancouve, B.C. V6M 2A3
Email: info@elninoventures.com
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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