ERIN VENTURES INC. (“Erin”)

NEWS RELEASE – For Immediate Distribution

Erin Ventures Inc. (TSXV: EV) announces that it is actively engaged in the due diligence process with several potential strategic partners regarding the development of its Piskanja boron project in Serbia. Erin is in discussions with various potential partners that have the ability to provide needed capital, technical expertise (general mining and boron-specific), boron-specific marketing expertise, boron-specific value-added expertise (e.g. boric acid production and sales experience), as well as substantial end-users of boron and boron derivatives who are looking to secure long term purchase arrangements. In conjunction with the drilling program currently underway, a series of due diligence site visits to the Piskanja property have been recently conducted by these potential strategic partners.

“The global boron market is very large in terms of the dollar value of annual sales, geographical locations of producers and consumers, and the number of industrial applications for boron. However, it is relatively small in terms of the number of participants, especially on the production side” said Tim Daniels, President of Erin Ventures. “Because it is a tightly controlled market with a handful of producers, we believe that our best course of action to effectively penetrate the market and maximize returns is to secure multiple strategic partners who are well established in various facets of the boron industry. We have analyzed our needs, and have sourced potential partners that have the ability to make us a strong competitor in this industry.”

Erin is continuing discussions with these potential partners, and hopes to formalize some of these relationships once their due diligence processes have been completed over the coming months. Erin is currently considering the first two proposals from potential partners. One for project-specific financing, and one for a long-term purchase contract. A third potential partner has requested a bulk sample for analysis.

About Piskanja
The historical data (prepared by, and to, the standards of the Serbian government) states that the Piskanja property has a historical estimate of approximately 7.5 million tonnes, averaging 36 – 39 percent B2O3 (boron). The boron at Piskanja is primarily colemanite and ulexite. The Piskanja deposit has the potential of hosting additional significant borate tonnage beyond the historical estimate, based on initial review of the historical drill information and assay data showing other zones of possible borate mineralization. A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource. Erin is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Piskanja is located in a historical mining region that has good infrastructure for mining including roads, rail, electric power, experienced miners, and support services. The site is approximately 250 km south of Belgrade, Serbia by good paved roads.

About boron:

  • Boron is a critically important industrial mineral. World production of boron minerals reached an estimated 4.35 million metric tons in 2008.
  • Consumption of borates used in high-technical applications is expected to increase by 10% in North America and 13% in Europe by 2012. China is the largest consumer of boron, where consumption has risen by 15% per year from 2000 to 2010.
  • Borate minerals and refined borate products are used extensively worldwide in the manufacture of vitreous products such as fiberglass insulation, textile fiberglass, borosilicate glass (e.g. LCD screens), ceramic glazes and porcelain enamels. These applications account for approximately 60% of borate consumption, with detergents, fire retardants, metallurgy, agriculture, insecticides, wood preservatives and specialty products accounting for the remainder.

Source: US Geological Survey, Report on Boron – 2008.

  • Market prices reflect both the relative scarcity of borates and strengthening demand, with current prices for new South American contracts reaching highs of: US$656/t for colemanite (40 percent B2O3); US$640/t for ulexite (40 percent B2O3); US$1170/t for boric acid.

Source: Industrial Minerals Online. June 2011

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, Registered Geologist in the State of North Carolina, 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
www.erinventures.com

Erin’s Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
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.