Erin Ventures in Discussion for Rights to a Producing Boron Mine
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ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Erin Ventures in Discussion for Rights to a Producing Boron Mine
February 28, 2017
Erin Ventures Inc. [TSX-V: EV] reports that its who lly owned, Serbia based subsidiary Balkan Gold, is
currently in discussions with Serbian authorities regarding a potential commercial contract for the Pobrdje
boron mine. The Pobrdje boron mine is licensed and operated by the Serbian state owned company Ibar
Mines, and is located approximately 1.5 km from Bal kan Gold’s Piskanja boron project in southern
Serbia. Under the proposed terms of the agreement, Balkan Gold would provide the capital, technical
expertise and management oversight required to refu rbish, upgrade and operate the Pobrdje mine at a
capacity of approximately 30,000 tonnes of colemani te per year until depletion. In return, Balkan Gold
would have the exclusive rights to all of the colem anite produced at the mine, at a fixed price, for t he life
of the mine.
Cautionary note: There can be no assurance given th at the proposed agreement will be successfully
consummated, or that the final arrangement will not be materially different from that which is current ly
contemplated. However, the interested parties under stand the benefit of this agreement to all of the
various stakeholders involved, and are working earnestly to complete the transaction.
“If completed, this would be a significant developm ent for Erin, aiding in the de-risking of the
development of our Piskanja boron project”, said Tim Daniels, President of Erin Ventures. “The potential
cash flow resulting from this agreement could contr ibute materially towards the capex required to
construct a mine at Piskanja, thereby helping to reduce the dilution that Erin’s shareholders will be certain
to suffer if Piskanja’s development is to be funded solely through outside sources. Additionally, the
Pobrdje project would be an important pilot project for Erin, allowing us in the short term to develop
market share, train workers, and gain technical exp ertise in the mining and processing of boron, all o f
which are significant benefits that could then be a pplied to the future development and operation of o ur
Piskanja project.”
Erin will release further information on this matter if, as, and when a binding agreement has been signed.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures Inc.
Erin Ventures Inc. is an international mineral expl oration and development company with boron assets i n
Serbia and gold assets in North America. Headquarte red in Victoria, 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.
Piskanja is Erin’s wholly owned high-grade boron de posit with an indicated mineral resource of 7.8
million tonnes (averaging 31 per cent B 2O3), and an inferred resource of 3.4 million tonnes ( averaging
28.6 per cent B 2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards
on Mineral Resources and Reserves (CIM Standards).
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For further information, please contact: Erin’s Public Quotations
Erin Ventures Inc. Canada
645 Fort Street, Suite #203 TSXV: EV
Victoria, BC USA
Canada V8W1G2 SEC12G3-2(B)#82-4432
Blake Fallis, General Manager OTCBB: ER VFF
Phone: 1-250- 384-1999 or 1-888-289-3746 Europe
www.erinventures.com Berlin: EKV
The technical information in this release was prepa red 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 Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts r esponsibility for the adequacy or accuracy of
this release.
Forward Looking Statements:
This press release contains or refers to forward-lo oking information under Canadian securities legisla tion, including
statements regarding the timing of future mineral r esource estimates and the PEA, estimation of minera l resources,
exploration results, potential mineralization, expl oration and mine development plans, timing of the c ommencement
of operations and future production and is based on current expectations that involve a number of busi ness risks and
uncertainties. The words "believe," "expect," “feel ,” "plan," "anticipate," “project,” “could,” “shoul d” and other
similar expressions generally identify forward-look ing statements. Forward-looking statements are sub ject to
significant risks and uncertainties, and other fact ors that could cause actual results to differ mater ially from expected
results. Readers should not place undue reliance on forward-looking statements. Factors that could cau se actual
results to differ materially from any forward-looki ng statement include, but are not limited to, failu re to convert
estimated mineral resources to reserves, capital an d operating costs varying significantly from estima tes, the
preliminary nature of metallurgical test results, d elays in obtaining or failures to obtain required g overnmental,
environmental or other project approvals, political risks, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity m arkets, inflation, changes in exchange rates, fluct uations in
commodity prices, delays in the development of proj ects and the other risks involved in the mineral ex ploration and
development industry, as well as those factors disc ussed in the section entitled "Risks of the Busines s" in the
Company's most recent regulatory filings which are posted on SEDAR at www.sedar.com. These forward-loo king
statements are made as of the date hereof and the C ompany assumes no responsibility to update them or revise them
to reflect new events or circumstances other than a s required by applicable securities law. These and other factors
made in public disclosures and filings by the Company should be considered carefully.
Mineral resources are not mineral reserves and do n ot have demonstrated economic viability. "Inferred Resources"
have a great amount of uncertainty as to their exis tence, and economic and legal feasibility. Investor s are cautioned
not to assume that all or any part of an inferred m ineral resource reported in this news release will ever be upgraded
to a higher category or to reserves. U.S. persons a re advised that while mineral resources are recogni zed under
Canadian regulations, the U.S. Securities and Excha nge Commission does not recognize them. U.S. person s are also
cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable.
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