Erin Ventures and Temas Resources Ready Agreement for the Joint Development of Erin’s Piskanja Boron Project
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ERIN VENTURES INC. (“Erin”)
NEWS RELEASE – for immediate release
Erin Ventures and Temas Resources Ready Agreement for the
Joint Development of Erin’s Piskanja Boron Project
Victoria, B.C., April 13, 2021
Erin Ventures Inc. [TSXV: EV] is pleased to report that, further to its news release dated December
17, 2020 in which Erin stated that it had entered into a Letter of Intent (“LOI”) with Temas
Resources Corp. for the joint development of Erin’s Piskanja Borate Project , the parties have
recently concluded their due diligence process with a favourable outcome, and are now working
to complete a definitive, binding agreement based on the terms in the LOI. It is anticipated that the
definitive agreement will be completed imminently.
Piskanja is Erin’s wholly owned boron deposit with an indicated mineral resource of 7.8 million
tonnes (averaging 31.0 per cent B2O3), and an inferred resource of 3.4 million t onnes (averaging
28.6 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition
Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in Erin’s report titled,
“Mineral Resource Estimate Update On The Pisk anja Borate Project, Serbia, October 2016 -
Amended February 28 2019” - prepared by SRK Consulting (UK) Ltd. The responsible persons
for the Updated MRE are Dr Mike Armitage (C.Eng. C.Geol.) and Dr Mikhail Tsypukov who are
both full time employees of SRK a nd Qualified Persons in accordance with the CIM Definition
Standards on Mineral Resources and Reserves (CIM Standards) , and independent of Erin
Ventures.
On behalf of the Board of Directors.
About Temas Resources Corp.
Temas Resources Corp. (CSE: TMAS) (OTCQB: TMASF) is a mineral exploration company
focused on the environmentally friendly acquisition, exploration and development of Iron,
Titanium, and Vanadium properties in a socially responsible manner, Temas Resources has
focused its efforts on advancing two major projects in the Grenville Geological Province area. The
first, the DAB Property, is an option for 100% interest consisting of 128 contiguous mineral claims
which covers 6,813.72 hectares (68.14 km2) within the Grenville Geological Province. The
flagship, the La Blache Property, is 100% ownership of 48 semi-contiguous mineral claims which
cover 2,653.25 hectares (26.53 km2) within the Grenville Geological Province. All public filings
for the Company can be found on the SEDAR website www.sedar.com. For more information,
please visit www.temasresources.com.
About Erin Ventures Inc.
Erin Ventures Inc. is an international mineral exploration and development company with boron
assets in Serbia. Headquartered in Victo ria, B.C., Canada, Erin's shares are traded on the TSX
Venture Exchange under the symbol "EV" . For detailed information please see Erin's website at
www.erinventures.com or the Company's filed documents at www.sedar.com.
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For further information, please contact: Erin’s Public Quotations
Blake Fallis, General Manager Canada
Phone: 1-250- 384-1999 or 1-888-289-3746 TSX Venture: EV
[email protected] Europe
www.erinventures.com Berlin: EKV
The technical information in this release was prepared and approved 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 Service s 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 press release contains or refers to forward-looking information under Canadian securities legislation,
including statements regarding the timing of future mineral resource estimates, estimation of mineral
resources, exploration results, potential mineralization, exploration and mine development plans, timing of
the commencement of operations and future production and is based on current expectations that involve a
number of business risks and uncertainties. The words "believe," "expect," “feel,” "plan," "anticipate,"
“project,” “could,” “should” and other si milar expressions generally identify forward-looking statements.
Forward-looking statements are subject to signif icant risks and uncertainties, and other factors that could
cause actual results to differ materially from expected results. Readers should not place undue reliance on
forward-looking statements. Factors that could cause actual results to differ materially from any forward -
looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves,
capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test
results, delays in obtaining or failures to obtain required governmental, environmental or other project
approvals, political risks, uncertainties relating to the availability and costs of financing needed in the
future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices,
delays in the development of projects and the other risks involved in the mineral exploration and
development industry, as well as those factors discussed in the section entitled "Risks of the Business" in
the Company's most recent regulatory filings which are posted on SEDAR at www.sedar.com. These
forward-looking statements are made as of the dat e hereof and the Company assumes no responsibility to
update them or revise them to reflect new events or circumstances other than as required by applicable
securities law. These and other factors made in public disclosures and filings by the Company shoul d be
considered carefully.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. "Inferred
Resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility.
Investors are cautioned not to assume that all or any part of an inferred mineral resource reported in this
news release will ever be upgraded to a higher category or to reserves. U.S. persons are advised that while
mineral resources are recognized under Canadian regulations , the U.S. Securities and Exchange
Commission does not recognize them. U.S. persons are also cautioned not to assume that all or any part of
an inferred mineral resource is economically or legally mineable.