NEWS RELEASE – For Immediate Distribution

December 21, 2010
Erin Ventures Inc. [TSX-Venture: EV] is pleased to announce that 8,410,000 warrants have been recently exercised at a price of $0.10 per warrant, for total proceeds of $841,000. The funds will be used for general working capital purposes and to further Erin’s projects.

“This demonstration of support from our shareholders has significantly strengthened Erin’s working capital position” stated Tim Daniels, President of Erin. “This new capital will be valuable in aiding the development of our key projects during the first half of 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’s Public Quotations:
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.