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El Niño Options the Bancroft Uranium Properties
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Nov. 2, 2006
November 2, 2006, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo") (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce it has optioned its Bancroft Uranium properties to Boulder Creek Explorations Inc. ("Boulder") a company incorporated under the laws of Nevada. 

This agreement will finance the Bancroft properties through the next stages of exploration.  Under the terms of this agreement, El Niņo will receive 275,000 shares of Boulder, and cash payments totaling CDN $125,000 within the next 10 --14 days.  Boulder can earn in a 60 percent interest by committing CDN $1,000,000 over the next two years and could earn up to 80 percent of the project by issuing a further 300,000 shares and spending an additional CDN $1,500,000. 

El Niņo will remain the operator for the first two years of this agreement and will receive a management fee of 10 percent of Exploration Expenditures and cash payments of CDN $40,000 a year for the second year and CDN $20,000 per year thereafter.

Mr. Jean Luc Roy, President of El Nino states: "This agreement is very favorable to our shareholders as it completes two objectives; the project will be funded by Boulder and it will allow sufficient exploration funding to further investigate the project's potential."

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.
On Behalf of the Board of Directors,
"Jean Luc Roy"
Jean Luc Roy 
President & COO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
CUSIP# 28335E-10-6

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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