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Further
to the news release dated December 18, 2006 the Company wishes to advise
that the non-brokered private placement is amended as follows:
December
19, 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 units, at a price of $0.55
per flow-through unit, for gross proceeds of up to $200,200. Each
flow-through unit will consist of one flow-through common share and one
common share purchase warrant (the "Warrant"). Each
Warrant entitles the holder to purchase an additional non flow-through
common share at a price of $0.65 for a period of 12 months from closing.
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.
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