September 7, 2010 Vancouver, Canada -- El Niņo
Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; Frankfurt: E7Q) As per
the press release issued on September 2, 2010, ELN wishes to amend the pricing
of the warrant pertaining to the non-brokered private placement of up to
10,000,000 units at a purchase price of $0.05 per unit for gross proceeds of up
to $500,000. Each unit will consist of one common share and one non-transferable
share purchase warrant. Each share purchase warrant will now entitle the holder
to purchase one common share of the Company over a period of three years at a
price of $0.10 per share.
A finder's fee may be payable. The foregoing is subject to regulatory approval.
The proceeds of this private placement will be used to acquire new projects and
general working capital.
About El Niņo Ventures Inc.
El Niņo Ventures Inc. is a mineral exploration company, focused on copper/cobalt
exploration in the DRC (see releases January 12, 2009, February 25, 2009, March
11, 2010 & June 24, 2010). The Company holds a 50% interest in an extensive base
metal project located within the Bathurst mining camp in Ontario, Canada. El
Niņo finalized its option agreement in April 2010 with Votorantim Metals Canada
Inc. and Xstrata Zinc whereby Votorantim may earn a 50% interest in El Niņo's
landholdings by expending $10 million over 5 years and may further increase its
interest in El Niņo's and Xstrata Zinc's landholdings to 70% by expending an
additional $10 million over a further two years.
On Behalf of the Board of
Harry Barr, Chairman and CEO
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.
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
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.