|Vancouver, BC -- March 16, 2005. President, Chief Executive Officer, Harry Barr of Vancouver, British Columbia, a control person of El Nino Ventures Inc. (the "Company") wishes to announce that he purchased an aggregate of 250,000 units on|
March 16, 2005 at a purchase price of $0.40 per unit by way of private placement. Each unit consisted of one common share of the Company and one half of one share purchase warrant exercisable at a purchase price of $0.50 for a period of twelve (12) months.
Mr. Barr now owns directly and indirectly an aggregate of 1,698,799 common shares
which represents 28.5% of the Company's issued and outstanding shares.
On behalf of the Board of Directors
Harry Barr, President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
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