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El Niño Announces Initial 50% Earn-In for Murray Brook Project, Bathurst New Brunswick; Gives Notice to Earn Additional 20%
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May 11 2012
 

May 11, 2012 Vancouver, Canada -- El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; Frankfurt: E7Q; OTCQX: ELNOF) is pleased to announce that Murray Brook Minerals Inc. ("MBM") has been given formal notice by ELN and Votorantim Metals Canada Inc. ("Votorantim") of a 50% earned interest in the Murray Brook, polymetalic project, Bathurst, New Brunswick. MBM has also been provided with a valid notice that ELN and Votorantim are exercising their option to acquire and become owner of an additional 20% (for a total of 70%) beneficial interest in the Murray Brook mining claims.

As of April 30, 2012, earn-in expenditures and property payments (by both ELN and Votorantim) have totaled $3,702,791 and $300,000 respectively, of which ELN has contributed 50% as its share of the costs to earn its initial 25% interest. All expenditures which exceed the initial earn-in amount of $2,250,000 will be counted towards the $2,250,000 required to earn the additional 20%. Upon earning in for 70%, the parties will enter into a formal J/V Agreement consisting of the following; ELN-35%/Votorantim-35%/MBM-30%.

Although terms of the Option Agreement provided for a period of three years to earn the initial 50% and two years to earn the additional 20%, it is anticipated that the complete earn-in for 70% will be accomplished in less than 1 ½ years. This accelerated exploration program is a testament to both ELN and Votorantim's commitment to advancing the project, due to encouraging results (see ELN press releases dated: February 28, January 23 and 16, 2012, November 28, 2011, August 30, 2011).

With approximately 4,000 metres of drilling currently remaining for this phase and a summer program of surface exploration such as limited ground geophysics and property wide geological mapping, prospecting and sampling to determine further targets for an anticipated fall drill program, the Company looks forward to continuing to advance the Murray Brook project during the balance of 2012.

About VM Canada (Votorantim Metals Canada Inc.)

Votorantim Metals Canada Inc. is a subsidiary of Votorantim Metals; a company that is part of the Votorantim Group that was founded in Brazil in 1918 and operates in twenty countries with over forty thousand employees. Votorantim Metais is the largest electrolytic-nickel producer in Latin America and one of the world's leaders in the production of zinc, aluminum and nickel.

About El Niño Ventures Inc.

El Niño Ventures Inc. is an international exploration company, focused on exploring for lead, zinc, copper, gold and silver in New Brunswick, Canada and copper in the Democratic Republic of Congo ("DRC").

On Behalf of the Board of Directors


"Harry Barr"

Harry Barr
Chairman & CEO
El Nino Ventures Inc.


Further Information: Tel: +1 604 685 1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C., Canada, V5Z 3X7


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.

Cautionary Note Regarding Forward Looking Statements. 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.

 
 

You can view the Next News Releases item: Mon May 14, 2012, El Niño Ventures Inc. Announces $2,000,000 Non-Brokered Private Placement

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