NEWS RELEASE – For Immediate Distribution

Erin Ventures Inc. [TSXV: EV] announces that it has received information that mineral concessions for the Santa Rosa Mine in Panama have been awarded to a third party despite Erin’s claim to the assets. It is the opinion of Erin’s management that there is clear evidence of inappropriate actions by certain government departments, giving this third party an improper and unfair advantage in the concession process (as reported by Erin in a news release dated December 15, 2010).

In light of this development, coupled with the recent “anti-mining” attitude developing within Panama, management of Erin feels it prudent to abandon all activities in Panama until further notice.

On behalf of the Board of Directors,
Blake Fallis, General Manager 

For further information, please contact:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA

Erin’s Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
Berlin Stock Exchange: EKV


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

Forward Looking Statements
This release contains forward looking statements. The words “believe,” “expect,” “feel,” “plan,” “anticipate,” “project,” “could,” “should” and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.