December
18, 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 364,000 flow-through common
shares, at a price of CDN $ 0.55 per common share, for gross proceeds of
up to CDN $200,200.
A
finder's fee of up to 7% may be paid.
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
El
Niņo is an exploration stage company in the midst of a 23,500 meter drill
program on the Bathurst Zinc/Base Metals Mining Camp. This is the first
part of a 50,000 meter drill program that began in Oct 2006 and will
continue on until March 2008. This financing will fortify that El Nino's
commitment of $ 5 million will
be met, as stipulated in the Option/Joint Venture Agreement signed with
Xstrata Zinc Canada in May 2006.
