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October
26, 2006, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo" or
the "Company") TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q)) is
pleased to announce that further to its news release of October 6, 2006,
the Company has now completed a non-brokered private placement of
496,133 flow-through common shares at a purchase price of $0.75 per
flow-through share for gross proceeds of $372,100.
In
addition, the Company has also issued 34,729 non-flow-through shares and
49,613 non-flow-through share purchase warrants to purchase one
additional common share at a purchase price of $0.75 until October 19,
2007 for finder fees in connection with this financing.
In
compliance with Canadian securities laws, all of the securities issued
in connection with this closing are subject to a hold period expiring on
February 20, 2007.
About
El Niņo Ventures Inc.
El
Niņo is an exploration stage company whose corporate objective is to
revisit former mining regions and apply the latest technologies to
advanced stage exploration targets. El Niņo Ventures has entered into
an Option / Joint Venture Agreement with Xstrata Zinc Canada to explore
the world class Bathurst Zinc / Base Metals Mining Camp in New
Brunswick, Canada. Currently
the Bathurst project has a CDN$5 million budget of which 23,000 metres
of drilling has commenced. In
addition to the Bathurst Mining Camp, El Nino Ventures continues to
focus on advanced stage properties throughout Canada, Alaska and Europe.
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