El Nino Ventures Inc.

Drilling Highlights:

• 6.15% zinc, 0.1% copper, 1.92% lead, 0.64 gpt gold and 70.6 gpt silver over 112 metres in drill hole MB-2012-132
  • Including 10.50% zinc, 0.10% copper, 3.60% lead, 1.37 gpt gold and 126.7 gpt silver over 33 metres
• 2.73% zinc, 0.60% copper, 0.64% lead, 0.25 gpt gold and 36.7 gpt silver over 27.0 metres in drill hole MB-2012-140
  • Including 4.90% zinc, 1.10% lead, 0.18 gpt gold and 50.5 gpt silver over 10 metres
• The continuity of mineralization along strike and at depth suggests potential to extend the currently defined mineralized zone.

August 28, 2012, Vancouver, Canada; El Nino Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTCQX: ELNOF Frankfurt: E7Q) is pleased to announce high-grade assay results for an additional nine holes from the most recent round of drilling at the Murray Brook polymetallic massive sulfide deposit, Bathurst Mining Camp, New Brunswick. The 2012 drill program consisted of ninety seven vertical holes for a total of 18,470 metres.

MB-2012-132 was drilled to infill gaps in the previous drilling and test continuity in the central sections of the Western Mineralized Zone, which is thicker and more Zn-Pb-Ag rich than the Eastern Massive Sulfide Zone (Figures 1-2). Hole MB-2012-132 intersected 112 metres of 6.15% zinc, 0.1% copper, 1.92% lead, 0.64 gpt gold and 70.6 gpt silver from 89 metres down hole, including 33.0 metres of 10.50% zinc, 0.11% copper, 3.60% lead, 1.37 gpt gold and 126.7 gpt silver from 167 metres down hole (Table 1).

Drill holes MB-2012-133, 135, 137, 139 and 140 were drilled to better delineate the southwest boundary of the Western Zone (Figure 2). Drill hole MB-2012-139 intersected 26.0 metres of 2.06% zinc, 0.47% copper, 0.36% lead, 0.28 gpt gold and 21.4 gpt silver from 88 metres down hole (Table 1). Drill hole MB-2012-140 intersected 27 metres of 2.73% zinc, 0.60% copper, 0.64% lead, 0.25 gpt gold and 36.7 gpt silver from 64.6 metres down hole (Table 1).

The five drill holes extend the near-surface mineralization in the Western Zone down-dip by approximately 50 metres. This area was not drilled previously and is outside the 2012 NI 43-101 compliant resource estimation (Figure 3).

Drill holes MB-2012-131 and MB-2012-134 and MB-2012-136 were collared in the Eastern Massive Sulfide Zone and were drilled to better delineate the northeast boundary of the mineralized Eastern Zone (Figure 2). Drill hole MB-2012-134 intersected 18.4 metres of 3.21% zinc, 0.41% copper, 1.54% lead, 1.16 gpt gold and 61.9 gpt silver from 139 metres down hole (Table 1).
 

Table 1 - Composited Drill Hole Intercepts*

2012 Exploration Program

A minimum $3 million budget has been proposed for the remainder of 2012 exploration program. The budget includes $2.5 million for diamond drilling work on the Murray Brook deposit and a $500,000 exploration program on the Murray Brook property and the adjacent Camel Back property (Figure 2). The Camel Back property is located in the area between the Murray Brook deposit to the west, which is one of the largest massive sulfide deposits in the Bathurst Mining Camp (BMC), and the Caribou deposit to the east which was recently acquired by Trevali Mining Corporation.

The 2012 exploration program consists of:

• $2.5 million budgeted for drill programs to develop the project including:
  • An 18,470 metre drill program that began February 2012 and was completed on June 17th 2012.
  • Delineate the outer perimeter of the Murray Brook deposit and advance the resources into the measured (highest confidence) category
• $0.5 million budgeted for exploration of the Murray Brook and Camel Back Properties
  • Mapping and prospecting
  • Ground gravity geophysics
  • 2,000 metres of drilling with bore-hole EM surveys

The Exploration Agreement

Votorantim is the Operator of the Murray Brook Project. In January 2011, ELN announced that it provided notice to Votorantim to enter into a Participation Agreement on the Murray Brook polymetallic massive sulfide deposit situated in the Bathurst Mining Camp in New Brunswick, Canada.

Under Votorantimʹs Option and Joint Venture Agreement with Murray Brook Minerals Inc. and Murray Brook Resources Inc., both privately held companies, Votorantim can earn a 50% interest in the properties by funding $2,250,000 in exploration expenditures and making payments totalling $300,000 over a three year period that commenced November 1, 2010. Votorantim can earn an additional 20% interest in the properties by funding an additional $2,250,000 in exploration expenditures over an additional two year period. ELN has elected to enter into a participation agreement wherein it can earn 50% of Votorantim's interest by paying 50% of the costs incurred by Votorantim in the Option and Joint Venture Agreement.

On May 10, 2012 ELN announced that Murray Brook Minerals Inc. (MBM) has been given formal notice by ELN and Votorantim Metals Canada ("Votorantim") of a 50% earned interest in the Murray Brook, Polymetallic 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.

About The Murray Brook Project

The Murray Brook Project is historically the 5th largest massive sulfide deposit in the Bathurst Mining Camp and has excellent infrastructure (Figure 4). To date, more than 28,000 metres of drilling has been completed with encouraging results. The first NI 43-101 Mineral Resource Estimate for the Murray Brook Zn-Cu-Pb-Ag-Au deposit, which includes explanatory footnotes, is presented in the table below (see ELN press release dated February 28, 2012). 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. The Technical Report on the 2012 NI43-101 Mineral Resource Estimate is filed on SEDAR.com and is available on ELN's website.

Qualified Persons Statement

This news release has been reviewed and approved for technical content by Ali Hassanalizadeh M.Sc. P.Geo. MBA, a qualified Person under the provisions of National Instrument 43-101.

Votorantim Metals Canada Inc. Statement

Technical details in this news release were provided by Votorantim whose professional geologists conduct operations consistent with mineral industry best practices. Votorantim accepts no responsibility for this news release or any inferences made from the technical details provided herein.

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.

Figure 4 - Land tenure map showing the location of the Murray Brook Project in the northwest
part of the Bathurst Mining Camp, New Brunswick