In the course of the ongoing review by the British Columbia Securities Commission (“BCSC”), Erin Ventures Inc. is issuing the following clarifying news release.

The BCSC has reviewed the Report on the company’s Deep River property dated December 24, 2010, and subsequent amendments to the report and continues to express concerns about the methods, parameters and assumptions used in the Report for estimating mineral resources, as well as the estimates themselves. The Company proposes to resolve these concerns by retaining an independent qualified person to review and audit the estimates or, if appropriate, prepare a new estimate. It is expected that this will take about two weeks to complete. As a result, the public is cautioned not to rely on the estimate in the Report until it is supported by a compliant independent technical report. The Company will promptly announce any material changes to the Deep River resource estimate that result from the audit or preparation of a compliant report.

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

The technical information in this release was prepared and approved by Dennis J. LaPoint, a Registered Member of SME, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.

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.