El Nino Ventures Inc Announces Board Member Resignation
TSX.V: ELN FRANKFURT: E7Q
El Nino Ventures Inc Announces Board Member Resignation
El Nino Ventures Inc. (the “Company”) (TSXV: ELN; Frankfurt: E7Q) announced today that Mr. Spiros Cacos has resigned as a director of the Company, effective as of May 5, 2011. The Board thanks Mr. Cacos for his years of service to the Company and wishes him success in all of his future endeavors.
About El Niño Ventures Inc.
El Niño Ventures Inc. is a mineral exploration company focused on base-metal exploration and development internationally. Currently the company is focused on developing its Canadain and African projects:
Murray Brook Project: Under Votoratim's Option and Joint Venture Agreement with Murray Brook Minerals and Murray Brook Resources, Votorantim can earn a 50% interst in the Properties, by funding $2,250,000 in exploration expenditures and making payments totalling $300,000 over a three year priod commencing November 1, 2010. Votorantim can earn an additional 20% interest in the Properties by funding an additional $2,250,000 in exploration expenditures over an additional two year period.
Bathurst Mining Camp Project: Consists of an initial 4,712 claims in tri-party agreement with Xstrata & VM Canada whereby VM Canada may incur exploration expenditures of $10 million over a period of 5 years to earn a 50% interest. VM Canada may further increase its interest to 70% by spending an additional $10 million over 2 years.
Kasala Project, DRC: El Niño Ventures is also focused on a copper project in the Democratic Republic of Congo. The Kasala discovery is the first green-fields copper find in the last 10 years in the Central African Copper Belt.
The company is also aggressively negotiating to acquire new projects to add to its current portfolio.
On Behalf of the Board of Directors,
Harry Barr, Chairman & Acting CEO
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.
Note: this release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect
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events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
ELN News Release Page 2 of 2 May 17, 2011