Vancouver, BC -- January 10, 2005. El Nino Ventures Inc. ("the Company") is pleased to announce that further to its news release of November 23, 2004 it has now completed a
non-brokered private placement of 1,000,000 units at a price of $0.20 per unit for gross proceeds of $200,000. Each unit consisted of one common and one half of one non-transferable
share purchase warrant with each whole Warrant entitling the holder thereof to purchase one additional common share for a period of twelve months at a price of $0.30 per Warrant Share.
All securities issued with respect to this private placement are subject to a hold period expiring on May 6, 2005.
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.