June 25, 2012 Vancouver, Canada --
El Niño Ventures Inc. ("ELN" and the
"Company") (TSX.V: ELN; Frankfurt:
E7Q; OTCQX: ELNOF) is pleased to
announce that it has entered into a
letter agreement (the "Agreement") with
Desjardins Securities Inc.
("Desjardins") where the Company has
appointed Desjardins to act as sole
agent on a best efforts basis under a
brokered private placement offering (the
"brokered offering") to market
subscriptions for Units to qualified
investors. This brokered offering will
be under the same terms and run
concurrent to the Company's previously
announced non-brokered private placement
(see news release dated May 14, 2012) of
a flow-through and non flow-through
private placement of up to a combined
18,181,818 units for gross proceeds up
to $2,000,000. The terms for the
brokered and non-brokered private
placement are as follows:
Each non flow-through unit ("NFT Unit")
at a price of $0.11 per NFT Unit will
consist of one common share and one-half
of one non-transferable share purchase
warrant ("Warrant"). Each whole Warrant
will entitle the holder to purchase one
common share of the Company at a price
of $0.21 per share for 18 months from
closing, subject to an accelerated
expiry, such expiry being accelerated to
30 days in the event the Company's
shares have closed at or above a price
of $0.40 per share for 10 consecutive
trading days on the TSX Venture
Exchange.
Each flow-through unit ("FT Unit") will
consist of one common flow-through share
in the capital of the Company and
one-half of one non flow-through,
non-transferable share purchase warrant
at a price of $0.13 per FT Unit. Each
whole warrant will entitle the holder
thereof to purchase one additional non
flow-through common share of the Company
at $0.23 for a period of 18 months from
closing subject to an accelerated
expiry, such expiry being accelerated to
30 days in the event the Company's
shares have closed at or above a price
of $0.40 per share for 10 consecutive
trading days on the TSX Venture
Exchange.
In consideration for their services,
Desjardins shall receive a corporate
finance fee of $10,000 plus applicable
taxes and a fee equal to 7% of the gross
proceeds raised by Desjardins in
connection with the brokered placement
as well as broker warrants in the amount
equal to 7% of the aggregate number of
Units sold by Desjardins pursuant to the
brokered placement. Each broker warrant
shall be exercisable for a period of
eighteen months (18) from the date of
issuance. Purchasers of the non
flow-through and flow-through units will
be subject to a hold period of four
months plus one day commencing on the
Closing date. This brokered and
non-brokered private placement and any
broker or finder's fees payable are
subject to final regulatory approval.
The proceeds of this brokered and
non-brokered private placement will be
used to fund the 2012 exploration budget
at the Murray Brook Polymetallic project
in Bathurst, New Brunswick and general
working capital.
About El Niño Ventures Inc. Bathurst
Projects
1. Bathurst Mining Camp Project:
(Tri-Party Agreement)
The Bathurst Mining Camp Project is a
50/50 Joint Venture with ELN and Xstrata
Zinc Canada. The Tri-Party Agreement
allows for Votorantim Metals Canada Inc.
("VM Canada") to earn up to 50% of the
project by incurring exploration
expenditures of $10 million over a
period of 5 years. VM Canada may further
increase its interest to 70% by spending
an additional $10 million over 2 years.
The Bathurst Mining Camp Project budget
for calendar 2012 is $1.88 Million and
it will consist of Airborne Gravity
Gradiometry follow‐up, direct drilling,
guided by modeling of associated
magnetic or EM anomalies. Drilling after
limited ground surveys if modeling not
satisfactory, and follow‐up ground
surveys and drilling as appropriate
2. Murray Brook Project:
The Murray Brook polymetallic
project, which has an excellent
infrastructure, is one of the largest
massive-sulfide deposits in the Bathurst
Mining Camp. On May 10, 2012 ELN
announced that Murray Brook Minerals
Inc. has been given formal notice by ELN
and Votorantim Metals Canada
("Votorantim") of a 50% earned interest
in the Murray Brook, polymetalic
project, Bathurst, New Brunswick. MBM
has also been provided with a valid
notice that ELN and Votorantim are
exercising their option to acquire and
become owner of an additional 20% (for a
total of 70%) beneficial interest in the
Murray Brook mining claims. Currently,
the project has an 18,000 metre drill
program in progress with the objective
of upgrading the inferred and indicated
resources to measured resources,
defining additional new surface
resources at the northwest extension
target area as well as completing
preliminary metallurgical testing on
selected portions of the deposit.
In 2011, ELN and VMC spent $2.1 million
on exploration; and completed more than
10,000 meters of drilling. Drill results
to date have been very encouraging.
A recently completed (February 2012)
NI 43‐101 Mineral Resource Estimate for
the Murray Brook Zn‐Cu‐Pb‐Ag‐Au deposit,
which includes explanatory footnotes, is
presented below. The resource estimate
is based on various assumptions
regarding mining methods, processing and
metal recoveries, payable metal NSR
credits and metal prices. This estimate
makes no provision for capital costs to
mine the deposit, nor mill the material
mined, as resources are not reserves and
the reader should not presume economic
viability.
Table-1
Murray Brook Mineral Resource Estimate
Summary

Mineral resources which are not
mineral reserves do not have
demonstrated economic viability. The
estimate of mineral resources may be
materially affected by environmental,
permitting, legal, title, taxation,
socio-political, marketing, or other
relevant issues.
1. The quantity and grade of reported
Inferred resources in this estimation
are uncertain in nature and there has
been insufficient exploration to define
these Inferred resources as an Indicated
or Measured mineral resource and it is
uncertain if further exploration will
result in upgrading them to an Indicated
or Measured mineral resource category.
2. The mineral resources in this news
release were estimated using the
Canadian Institute of Mining, Metallurgy
and Petroleum (CIM), CIM Standards on
Mineral Resources and Reserves,
Definitions and Guidelines prepared by
the CIM Standard Committee on Reserve
Definitions and adopted by CIM Council.
3. The Dec 31, 2011 two year trailing
average US metal prices used in this
estimate were $3.71/lb Cu, $1.03/lb Pb,
$0.98/lb Zn, $1,397/oz Au, $27.63/oz Ag.
The C$/US$ Exchange rate was 0.99.
4. Overall payable metal in the NSR
calculation were 81% Cu, 72% Pb, 64% Zn,
71% Au and 56% Ag.
5. Mineral resources were determined
within a Whittle pit shell with 45
degree slopes utilizing mining costs of
C$2.50/tonne for mineralized material
and waste rock, and C$1.75/tonne for
overburden.
6. Costs used to determine the C$20/tonne
NSR resource cut-off value were
processing at C$15/tonne and G&A C$5/tonne.
7. The Murray Brook Mineral Resource
Estimate was undertaken by Eugene
Puritch, P.Eng. of P&E Mining
Consultants Inc.
Qualified Person Statement
This news release has been reviewed and
approved for technical content by Ali
Hassanalizadeh M.Sc. MBA, P.Geo a
qualified Person under the provisions of
National Instrument 43‐101.
About El Niño Ventures Inc.
El Niño Ventures Inc. is an
international exploration company,
focused on exploring for lead, zinc,
copper, gold and silver in New
Brunswick, Canada and copper in the
Democratic Republic of Congo ("DRC").
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
Further Information: Tel: +1 604 685
1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C.,
Canada, V5Z 3X7
Neither the TSX Venture Exchange
nor 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.
Cautionary Note Regarding Forward Looking Statements. 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. |