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May
26, 2020 Rockport, ON, Canada -- El Nino
Ventures Inc. (TSXV: ELN; OTCQB: ELNOF;
FSE: E7Q.F). announces the
retirement and resignation of Mr.
Michael Neumann effective May 23, 2020.
Mr. Neumann has been an extremely
valuable member of the El Nino team. The
board of directors and management would
like to thank Mr. Neumann for his years
of service and wish him well with his
future endeavours.
About El Nino Ventures
El Nino Ventures Inc. (ELN) has in the
past years been a base metals
exploration company with its focus being
on the Murry Brook Project in the
Bathurst region of New Brunswick,
Canada. ELN signed an option to purchase
agreement regarding the sale of its
interest on this project (news release:
October 13, 2016) with Puma Exploration
(Puma) for $3.1 million. A final payment
of $1.0 million is due June 30, 2020. In
the event Puma does not satisfy the
conditions of the sale agreement, then
ELN shall retain its 32.1% interest in
the Murry Brook Project as well as
receiving the geological information,
reports, metallurgical tests and the
surface copper zone drill sampling which
to date represents about $2.4 million in
exploration work completed on the Murray
Brook Project since ELN entered into the
original sale agreement with Puma. The
Company continues to investigate new
acquisitions for ELN, and plans to use
the Prospector Generator model which
reduces risk, share dilution and
increases discovery potential.
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
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: 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.
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