Erin Ventures Piskanja Boron Property Progress Report
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ERIN VENTURES INC. (“Erin”)
NEWS RELEASE – for immediate release
Erin Ventures Piskanja Boron Property Progress Report
March 31, 2020
Erin Ventures Inc. [TSXV: EV] reports that during the coronavir us outbreak, its Serbian-based
technical staff continue their efforts towards the generation o f documentation required within the
Elaborate of Reserves (the first step in the exploitation license process), as previously reported.
In addition, Erin’s technical staff is preparing the documentat ion required for the filing of Erin’s
annual government progress report, which is due for submission on the 20 th of September
(required to extend the Piskanja Boron Project license).
Serbia is currently under a nationwide state of emergency that has been introduced in an effort to
attempt to mitigate the coronavirus outbreak. Towards this end, Serbia has implemented
measures that include voluntary isolation for all citizens, exc ept when seeking essential services.
As a result, Erin’s staff is c urrently unable to conduct any fi eld work until such time as the
emergency measures have been lifted by the government. While a small number of days’ worth
of additional field work is required for the completion of the aforementioned license
documentation, Erin does not anticipate any material delay from its original timelines regarding
the completion of the work and the requisite documentation.
Piskanja is Erin’s wholly owned, high-grade boron deposit with an indicated mineral resource of
7.8 million tonnes (averaging 31 per cent B2O3), and an inferre d resource of 3.4 million tonnes
(averaging 28.6 per cent B2O3), calculated in accordance with t he Canadian Institute of Mining
Definition Standards on Mineral Resources and Reserves (CIM Standards).
Erin is developing the Piskanja Project in a manner which ensur es its continued compliance with
Serbian mine licensing and mine development regulations, as wel l as standards expected by
potential strategic partners and investors.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures Inc.
Erin Ventures Inc. is an interna tional 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". For detailed informatio n 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 Publ ic Quotations
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
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 P erson 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 responsibilit y for the adequacy or accuracy of
this release.
Cautionary Statement:
There can be no assurance given that Erin will be successful in receiving the requisite approvals required
in order to be granted an exploitation license.
Forward Looking Statements:
This press release contains or refers to forward-looking inform ation under Canadian securities legislation,
including statements regarding the timing of future mineral res ource estimates, estimation of mineral
resources, exploration results, potential mineralization, explo ration and mine development plans, timing
of the commencement of operati ons 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 similar ex pressions generally identify forward-
looking statements. Forward-looking statements are subject to significant risks and uncertainties, and
other factors that could cause actual results to differ materia lly from expected results. Readers should not
place undue reliance on forward-looking statements. Factors tha t 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 vary ing significantly from estimates, the
preliminary nature of metallurgical test results, delays in obt aining or failures to obtain required
governmental, environmental or other project approvals, politic al risks, uncertainties relating to the
availability and costs of financing needed in the future, chang es 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 e xploration and development indus try, as well as those factors discussed in
the section entitled "Risks of the Business" in the Company's m ost recent regulatory filings which are
posted on SEDAR at www.sedar.com. These forward-looking stateme nts are made as of the date hereof
and the Company assumes no responsibility to update them or rev ise them to reflect new events or
circumstances other than as re quired by applicable securities l aw. 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 not have demo nstrated economic viability. "Inferred
Resources" have a great amount of uncertainty as to their exist ence, and economic and legal feasibility.
Investors are cautioned not to assume that all or any part of a n 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, th e 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.