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October
6, 2006, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo") (TSX.V:
ELN; OTCBB: ELNOF; Frankfurt: E7Q) )
announces a non-brokered private placement of up to 496,133
flow-through common shares at a purchase price of $0.75 per common share
for gross proceeds of up to $372,100.
A
finder's fee of up to 7% may be paid in shares and 10% may be paid in
warrants.
The
proceeds of the private placement will be used to satisfy the Company's
exploration commitment for the Bathurst Zinc / Base Metals Mining Camp
in New Brunswick.
The
foregoing is subject to regulatory approval.
About
El Niņo Ventures Inc.
El
Niņo is an exploration stage company currently developing an aggressive
global acquisition strategy. Our
business model is to revisit former mining regions, apply new
technologies to advanced stage exploration targets, and aggressively
acquire new projects. Our
present focus is on Canada, Alaska, and Eastern / Central Europe.
In Canada, El Niņo has an Option / Joint Venture with Xstrata
Zinc to explore the world class Bathurst Zinc / Base Metals Mining Camp
in New Brunswick. El Niņo
is also exploring for uranium in the Bancroft uranium camp in Ontario.
El Niņo is currently negotiating on new projects in Alaska, and
Europe.
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