December 27, 2006, Vancouver, BC – El Niño Ventures Inc. (“El Niño” or the “Company”) TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q)) is pleased to announce that further to its news release of December 19, 2006, the Company has now completed its non-brokered private placement of 364,000 flow-through units at a purchase price of $0.55 per flow-through unit for gross proceeds of $200,200. Each flow-through unit consisted 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.
In addition, the Company has also issued 25,480 common shares 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 April 23, 2007.
About El Niño Ventures Inc.
El Niño 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.