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Votorantim Elects To Option El Nino's Bathurst Camp Projects
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ELN News July 27, 2009

August 6, 2009 Vancouver, BC -- El Niņo Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; Frankfurt: E7Q) is very pleased to announce that Votorantim Metals Canada  Inc. (Votorantim) has elected, following completion of an in-depth due diligence study, to enter into an Option Agreement with the Company whereby Votorantim may earn up to a 70% interest in 1805 mineral claims in the Bathurst Mining Camp, New Brunswick, in which ELN owns 50% interest and Xstrata Canada Corporation -- Xstrata Zinc Canada Division (Xstrata Zinc), owns 50% interest. The due diligence study carried out by Votorantim, which included a study of an additional 2907 mineral claims wholly owned by Xstrata Zinc, involved more than 300 man days, extending over a six month period and examined all previous geological, geochemical and geophysical surveys as well as all existing drill data pertaining to the Property.  

Votorantim Metals Canada Inc. is a subsidiary of Votorantim Metais which is part of the Votorantim Group which was founded in Brazil in 1918 and now operates in fifteen countries with over sixty thousand employees. Votorantim Metais is the largest electrolytic nickel producer in Latin America and a worldwide leader in zinc production as well as a significant producer of aluminum and steel.

The tripartite Option Agreement now being drafted is between Votorantim, ELN and Xstrata Zinc whereby Votorantim may elect, to earn up to a 70% interest in mineral claims (the "Property") comprised of 1805 claims owned 50% ELN 50% Xstrata, 2907 claims owned 100% by Xstrata Zinc, together with any mineral claims subsequently staked by the parties within an Area of interest, in which ELN and Xstrata Zinc hold equal interests.

Votorantim may earn a 50% interest in the Property by incurring exploration expenditures of $10 million over a period of 5 years and may further elect to increase its interest to 70% by spending another $10 million over an additional two years. Upon Votorantim vesting with 50% interest in the Property ELN will retain a 25% interest in the 1805 claims as well as a 25% interest in any mineral claims staked subsequently by the parties within the Area of interest.  Should Votorantim increase its interest to 70% the ELN interest would be reduced to 15%.

Several historical  tonnage and grade estimates exist for zinc and copper mineralisation occurring within the 1805 claims in which ELN currently holds 50% interest, which were derived from earlier drilling campaigns.

Mr Jean Luc Roy, President & CEO of El Nino states: "We are very pleased with the positive outcome of the due diligence study and look forward to the initial exploration program and appreciate Votorantim's involvement with the Bathurst Mining Camp project ."

 


On Behalf of the Board of Directors,,

"Jean Luc Roy"
Jean Luc Roy, President & CEO

Further information: 

Mark Feeney
Tel: 1.604.786.2587
mfeeney@elninoventures.com

Toll free 1.877.895.6466 or Telephone: +1.604.683.4886
Email:   Fax
604.683.4887, or visit www.elninoventures.com
1440 - 1166 Alberni Street, Vancouver, B.C. Canada V6E 3Z3


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release CUSIP# 28335E-10-6

Note: this release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

This news release is available on http://www.agoracom.com/ir/elnino, an investor relations site for commentary, feedback and questions.

 

 
 

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