El Nino Ventures
Inc. (the "Company") (TSXV: ELN; Frankfurt: E7Q) announced today that Mr.
Spiros Cacos has resigned as a director of the Company, effective as of May 5,
2011. The Board thanks Mr. Cacos for his years of service to the Company and
wishes him success in all of his future endeavors.
About El Niņo Ventures Inc.
El Niņo Ventures Inc.
is a mineral exploration company focused on base-metal exploration and
development internationally. Currently the company is focused on developing its
Canadain and African projects:
Murray Brook Project: Under Votoratim's Option and Joint Venture Agreement with
Murray Brook Minerals and Murray Brook Resources, Votorantim can earn a 50%
interst in the Properties, by funding $2,250,000 in exploration expenditures and
making payments totalling $300,000 over a three year priod commencing November
1, 2010. Votorantim can earn an additional 20% interest in the Properties by
funding an additional $2,250,000 in exploration expenditures over an additional
two year period.
Bathurst Mining Camp Project: Consists of an initial 4,712 claims in tri-party
agreement with Xstrata & VM Canada whereby VM Canada may incur exploration
expenditures of $10 million over a period of 5 years to earn a 50% interest. VM
Canada may further increase its interest to 70% by spending an additional $10
million over 2 years.
Kasala Project, DRC: El Niņo Ventures is also focused on a copper project in the
Democratic Republic of Congo. The Kasala discovery is the first green-fields
copper find in the last 10 years in the Central African Copper Belt.
The company is also aggressively negotiating to acquire new projects to add to
its current portfolio.
On Behalf of the
Board of Directors,
Harry Barr, Chairman and Acting CEO
For further information:
Corporate: Jay Oness --
Investor Relations: Toll
2303 West 41st Avenue, Vancouve, B.C. V6M 2A3
TSX Venture Exchange or 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.