Erin Ventures - Project Funding Update
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE
Erin Ventures - Project Funding Update
April 8, 2019
Erin Ventures Inc. [TSXV: EV] announces (further to its news re lease dated December 21, 2018) that InvestCo’s
funding option for the development of Erin’s Piskanja boron pro ject expired on April 1 st unexercised, with
InvestCo informing Erin that it is unable to exercise the optio n as a result of InvestCo’s imminent internal
corporate restructuring. However, the significant institutional investor which specializes in the mining sector (the
“Investor”) and was introduced by InvestCo as its potential co- investor for the Piskanja project in December,
continues to be interested in funding the advancement of the Pi skanja project, irrespective of InvestCo’s inability
to participate in the current funding.
The Investor has been engaged in an investment decision protoco l and due diligence process regarding the
Piskanja project for the past 90 days. Erin expects this proces s to be completed in the near future, allowing for
further details to be released.
Background
Erin announced in its news release dated June 18, 2018 that it had entered into a strategic partnership option
agreement with a London based commodity investment specialist ( the “InvestCo”) for the continuing
development of Erin’s Piskanja Borate Project. Under the terms of the agreement, InvestCo had the right to make
equity investments in two tranches, totaling USD $20.135 millio n, subject to TSX Venture Exchange and
shareholder approval, with the proceeds to be used for the advancement of Piskanja towards production.
Further, Erin announced on December 21, 2018 that it had agreed with InvestCo to extend the option exercise
period of its Tranche 1 Finan cing Option (USD $5.135 million) u ntil March 31, 2019, with all other terms in the
strategic alliance agreement rema ining unchanged, as InvestCo h ad introduced a significant potential co-investor
to Erin’s Piskanja project which required additional time to complete due diligence.
[Please refer to Erin’s complete news releases dated June 18, 2018 and December 21, 2018 for additional salient information]
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia.
Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol
"EV" and the OTCQB Venture Market under the symbol “ERVFF”. For deta iled information please see Erin's
website at www.erinventures.com or the Company's filed documents at www.sedar.com.
For further information, please contact: Erin’s Publ ic Quotations
Erin Ventures Inc. Canada USA
Blake Fallis, General Manager TSX Venture: EV OTCQB: ERVFF
Phone: 1-250- 384-1999 or 1-888-289-3746
[email protected] Europe
www.erinventures.com Berlin: EKV
The technical information in this release was prepared and appr oved by James E Wallis, M.Sc. (Eng), P.
Eng., a director of the company, who is a Qualified Person under National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (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:
Certain statements in this news release may constitute forward-looking statements within the meaning of applicable securities
laws. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "outlook",
"objective", "may", "will", "expect", "intend", "estimate", "an ticipate", "believe", "should", "plans" or "continue", or simil ar
expressions suggesting future outcomes or events. Such forward- looking statements reflect management's current beliefs and
are based on information currently available to management. Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those cont emplated by such statements. Suc h forward-looking statements
are subject to risks and uncertainties that may cause actual re sults, performance or developments to differ materially from
those contained in the statements including, without limitation , the risks that: (1) the information provided to Erin by
InvestCo and the Investor turns out to be misleading, untrue or incomplete; (2) neither Option 1 nor Option 2 may be
completed for any reason whatsoev er, including that regulators may not approve the proposed Options; (3) the closings may
not occur as scheduled or at all; and (4) Erin may not achieve the results currently anticipated. Although Erin believes that the
expectations reflected in its for ward-looking information are r easonable, undue reliance sh ould not be placed on forward-
looking information because Erin can give no assurance that suc h expectations will prove to be correct. In addition to other
factors and assumptions which may be identified in this news release, assumptions have been made regarding and are implicit
in, among other things, the timely receipt of required regulato ry approvals. Details of the ri sk factors relating to Erin and its
business are discussed under the heading “Risks and Uncertainti es” in Erin’s most recent regula tory filings which are posted
on SEDAR at www.sedar.com. Readers are cautioned that the foreg oing list is not exhaustive of all factors and assumptions
which have been used. Forward-looking information is based on current expectations, estimates and projections that involve a
number of risks and uncertainties which could cause actual resu lts to differ materially from those anticipated by Erin and
described in the forward looking information. The forward-looki ng information contained in this news release is made as of
the date hereof and Erin undertakes no obligation to update pub licly or revise any forward-looking information, whether as a
result of new information, future events or otherwise, unless r equired by applicable securities laws. The forward-looking
information contained in this news release is expressly qualified by this cautionary statement.