| | | $400,000 Non-brokered private placement completed | 
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ELN News March 6, 2006
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| March
6, 2006, Vancouver, BC -- El Nino Ventures Inc. (the "Company") (TSX.V:
ELN) is pleased to announce that further to its news release of February
1, 2006, the Company has now completed a non-brokered private placement
of 1,600,000 units at a purchase price of $0.25 per unit for gross
proceeds of $400,000. Each unit consisted of one common share in
the capital of the Company and one non-transferable share purchase
warrant (the "Warrant"), each Warrant entitling the holder thereof
to purchase one additional common share (the "Warrant Share") of the
Company until February 28, 2008 at a price of $0.33 per Warrant Share.
An aggregate of 80,000 common shares has been paid for finder fees in
connection with this financing. |
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| In
compliance with Canadian securities laws, all of the securities issued
in connection with this closing are subject to a hold period expiring on
June 29, 2006. |
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| About
Bancroft Uranium |
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| The
Bancroft region of Ontario is renowned for its mineral resources and its
history of uranium production, having supported four producing uranium
mines for periods between 1956 and 1982. El Nino's objective is
to use technological advances to further explore and delineate
mineralization in this past producing region. |
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| About
El Nino Ventures Inc. |
| El
Nino is an exploration stage company currently developing an aggressive
global acquisition strategy, particularly in Eastern Europe. The
Company is also focusing on developing its Bancroft Uranium Project and
is actively seeking joint venture partners to assist the company in
developing its Bancroft projects. |
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| On
behalf of the board of directors |
|
| "Harry
Barr" |
| Harry
Barr, President |
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| The
TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release |
| CUSIP#
28335E-10-6 |
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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. This email should not be construed as an offer to buy or
sell securities of this company.
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