El Niño Ventures and CanAm Uranium to Commence $500,000 Work Program on Prolific Bancroft Uranium Property
ELN March 19 2007
March 19, 2007, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo")
(TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) and CanAm Uranium Corp. (OTCBB:
CAUI.OB) (formerly Boulder Creek Exploration Inc.) are pleased to
announce that the first phase of a $500,000 work program will be commencing on
the Bancroft Uranium Project. This work program will consist of 1650 meters of
drilling on a property that was once home to four past producing mines,
producing a total of 14,862,653 lbs. U3O8 between 1956 -- 1982. Subject to
results, a follow up drill program is planned.
This work program is the result of an agreement signed with CanAm Uranium
formerly, Boulder Creek Exploration Inc. in November 2006. Under the terms of
this agreement, El Nino will receive 275,000 shares of CanAm Uranium Corp., and
cash payments totaling CDN $125,000. CanAm Uranium Corp. 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.
About CanAm Uranium Corp.
CanAm Uranium Corp, is a Nevada incorporated junior resource company
with a corporate objective focused on the strategic acquisition and development
of exploration properties in well-known prolific mining areas, especially known
for Uranium, of Canada, Southern Africa, Australia and the United States.
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 Bathurst, New Brunswick, Canada.
On Behalf of the Board of Directors,
"Jean Luc Roy" Jean Luc Roy
President & COO
Further information: Toll Free 1.800.667.1870 or 604.685.1870
2303 West 41st Avenue, Vancouver, BC Canada V6M 2A3
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release
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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