ERIN VENTURES INC. (“Erin”)

NEWS RELEASE – For Immediate Distribution

Erin Ventures Inc. [TSX-Venture: EV] announces the following progress report regarding Erin’s Piskanja boron project in Serbia:

The primary goal of this phase of exploration is to establish a resource estimate of sufficient size and quality (i.e. number of tonnes of boron, with sufficient grade to be economic), compliant with Serbian mining laws, so that Erin may proceed with the application for a mining license as soon as possible. It is anticipated that this application will be made early in 2012.

To meet this goal, Erin is conducting a diamond drill program at Piskanja (previously announced July 19, 2011) totalling approximately 15 holes (5,000 metres) of HQ and larger diameter vertical core drilling. The program consists of in-fill drilling and the twinning of certain historical holes. Engineering, geohydrology, environmental and other required studies are underway in conjunction with this drilling. This phase of exploration will form the base for a scoping study on developing a plan for mining the deposit.

Two drill rigs are currently working around the clock on site. Drilling performance to date has not met with managements expectations due to the limited availability of modern diamond drilling equipment in the region. Two additional wire-line rigs with vastly superior capabilities are scheduled to be on site within the next two weeks. Erin is increasing the number and quality of rigs in order to expedite the exploration process.

Inspection of the core from the first three holes by Erin’s geologists shows that drilling to date is confirming the continuity and extension of the upper and lower borate beds, with bed thicknesses varying from 2 to 7 plus meters. B2O3 values and bed thickness are proving to be consistent with historical drilling results. The first chemical analyses are expected to be released shortly.

Additionally, Erin is awaiting chemical analysis from 4 holes drilled by Erin in a prior program, which were not previously assayed. These samples were collected during Erin’s RC (reverse circulation) drilling program in 1997, and stored in a secure location since that time.

Erin also reports that it remains actively engaged in the due diligence process with potential strategic partners regarding the development of its Piskanja boron project in Serbia (as reported in its new release August 8, 2011). Erin is in advanced discussions with potential partners that have the ability to provide capital, technical expertise, 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.

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 percent in North America and 13 percent in Europe by 2012. China is the largest consumer of boron, where consumption has risen by 15 percent 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 percent 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$730/tonne for colemanite (40 percent B2O3); US$697/tonne for ulexite (40 percent B2O3); US$1460/tonne for boric acid.

Source: Industrial Minerals Online. October 25, 2011

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

The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P. Eng., a consultant to the company, 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.