Erin Ventures to Continue Field Operations
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ERIN VENTURES INC. (“Erin”)
NEWS RELEASE – for immediate release
Erin Ventures to Continue Field Operations
May 11, 2020
Erin Ventures Inc. [TSXV: EV] reports that it is preparing to re -deploy its Serbian -based
technical staff to its Piskanja boron property to co mplete the balance of the field work required
as part of the “Elaborate of Reserves” documentation (the first step in the exploitation license
process), in light of the decision by the Serbian government to cancel the nationwide lockdown
which was introduced in an attempt to mitigate the coronavirus outbreak. Erin is ensuring that its
staff has adequate personal protective gear and adheres to social distancing guidelines when
returning to field work.
Erin does not anticipate any material delay from its original timelines regarding the completion
of the field 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 inferred resource of 3.4 million tonnes
(averaging 28.6 per cent B2O3), calculated in accordance with the Canadian Institute of Mining
Definition Standards on Mineral Resources and Reserves (CIM Standards).
During the lockdown, Erin’s technical staff continued to work remotely, preparing certain
documentation which is required as part of the “Elaborate of Reserves” process, i n addition to
documentation required for the filing of Erin’s annual government progress re port, due for
submission on the 20th of September (required to extend the Piskanja Boron Project license).
Erin is developing the Piskanja Project in a manner which ensures its continued compliance with
Serbian mine licensing and mine development regulations, as well 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 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" . 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
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 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 responsibility 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 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 similar 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 ob taining 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 Com pany's most recent regulatory filings which are
posted on SEDAR at www.sedar.com. These forward -looking statements are made as of the date 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 should be considered carefully.
Mineral resources are not mineral reserves and do not have demonstrated economic viabili ty. "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.