Erin Ventures Inc. [TSXV: EV] proposes to raise up to $5 million through the sale of royalty interests in its Piskanja boron property. Erin intends to sell units at a price of $1.00 per Unit. Each Unit will consist of one common share at a price of $0.06 per share, a share purchase warrant with an exercise price of $0.40 and a term of 3 years (subject to an accelerated exercise provision if the shares trade above $0.50), and $0.94 of the Unit price will be allocated to the purchase of a proportionate gross sales royalty (“GSR”) interest in the Piskanja property. Five million units will represent a total of a 5% GSR interest. The aggregate GSR will be reduced to 1.25% after the GSR holders have received a 200% pay out.

Erin will have the right to buy back the GSR interests either for cash or for shares and two-year warrants. The purchase price for the GSR interest will be 200% of the cost in the first two years, increasing by 50% of the cost each year thereafter to a maximum of 350%. If the buy back is for shares, the share price will be a 15% discount to the then market price (subject to the market price achieving certain minimum amounts) and the warrant exercise price will be 150% of the then market price in the first year and 200% of the market price in the second year. GSR holders will have the right to convert their GSR interest into shares of Erin on each anniversary date of the GSR agreement for four years. The conversion rate will be 200% of the cost for the first two years, increasing by 50% of the cost each year thereafter to a maximum of 300%, reduced by the amount of all royalties paid or accrued prior to conversion, and the shares will be issued at a 5% discount to the then market price (subject to the market price achieving certain minimum amounts).

Erin intends to use the proceeds from this financing to fund exploration and other expenses on its wholly owned Piskanja boron project in Serbia, and for working capital. Finder s fees of up to 7% may be paid in cash.

This proposed financing is subject to the approval of the TSX Venture Exchange. There is no assurance that Erin will receive Exchange approval for this transaction or that it will be able to complete the proposed financing in whole or in part.

On behalf of the Board of Directors,
Blake Fallis, CFO

About Erin Ventures

Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin shares are traded on the TSX Venture Exchange under the symbol “EV”. For detailed information please see the EV website at or the Company filed documents at

Piskanja is a high-grade boron deposit with a NI 43-101 compliant mineral resource of 5.6 million indicated tonnes (30.8% B2O3), in addition to 6.2 million inferred tonnes (28.8% B2O3).

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
645 Fort Street, Suite 203
Victoria, BC V8W 1G2

Erin 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.