Erin Ventures Inc.’s board of directors has agreed to implement a shareholder protection rights plan.

The intended issuance of a rights plan is not in response to management’s anticipation of any specific, current acquisition or transaction, nor is it intended to prevent a takeover of Erin, nor to secure continuance in office of management or the directors. The objective of the proposed rights plan is to give adequate time for the shareholders of Erin to properly assess the merits of a takeover bid without undue pressure, and to allow competing bids to emerge. The rights plan is further designed to give the board of directors time to consider alternatives, with the intent of allowing shareholders the opportunity to receive full and fair value for their common shares. The rights plan may discourage certain transactions. Adoption of the rights plan will not detract in any way from or lessen the duties of the board of directors to act honestly and in good faith with a view to the best interests of Erin and its shareholders, and to act in accordance with such standards when considering a bid made for the common shares of Erin.

The rights, to be issued under the plan once all regulatory and compliance requirements have been met, will become exercisable only if a party acquires 20 per cent or more of Erin’s common shares without complying with the rights plan or without the approval of the board of directors of Erin. Under the proposed terms of the rights plan, those bids that meet certain requirements intended to protect the interests of shareholders are considered to be permitted bids. A permitted bid must be made by way of a takeover bid circular prepared in compliance with applicable securities laws, remain open for 60 days and satisfy certain other conditions. Under the rights plan, Erin plans to issue one right in respect of each common share of Erin. In the event a takeover bid is made that does not meet the permitted bid requirements, those rights will entitle shareholders, other than any shareholder or group of shareholders making the takeover bid, to purchase additional common shares of Erin at a substantial discount to the market value of such common shares at the time. Erin is not aware of any pending or threatened takeover bids.

The rights plan will be operative for a three-year period, once adopted. The plan will be submitted for ratification by common shareholders at Erin’s next annual shareholders’ meeting. To remain effective, the plan must be approved by more than 50 per cent of the votes cast at that meeting by independent (non-management) shareholders. The rights plan is also subject to the approval of the TSX Venture Exchange.

For further information, please contact:
Erin Ventures Inc.
Phone: 1-250- 384-1999 or 1-888-289-3746

Erin’s Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
Berlin Stock Exchange: EKV

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, which speak only as of their dates. 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 for the continued operations of the Company, 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.