Erin Ventures To Issue Common Shares in Satisfaction of Debt
ERIN VENTURES INC.
NEWS RELEASE
Erin Ventures To Issue Common Shares in Satisfaction of Debt
February 7, 2018
Erin Ventures Inc. (" Erin" or the “ Corporation”) [TSXV: EV] is pleased to announce that the Corporation has
completed the shares for debt settlement of certain debtholders previously announced on January 19, 2018. The
Corporation issued an aggregate of 5,316,769 common shares of Erin to settle an aggregate of $531,676.96 of
debt (the “Shares for Debt Settlement”).
The common shares issued pursuant to the Shares for Debt Settlement are subject to a statutory four month and
one day hold period.
Insiders of the Corporation were issued an aggregate of 4,864,449 common shares pursuant to the Shares for Debt
Settlement, which constitutes a “related party transaction” as defined under Multilateral Instrument 61 -101 (“MI
61-101”). The Shares for Debt Settlement is exempt from the formal valuation approval requirement s of MI 61 -
101 and exempt from the minority shareholder approval requirements of MI 61 -101 as at the time of the Shares
for Debt Settlement was agreed to, neither the fair market value of the Shares for Debt Settlement, nor the fair
market value of the con sideration for the Shares for Debt Settlement, insofar as it involves interested parties,
exceeded 25% of the Corporation’s market capitalization.
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
and gold assets in North America. 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.
Erin's 100% owned Piskanja project is a high-grade boron deposit with a NI 43-101 compliant mineral resource of
5.6 million indicated tonnes (30.8% B2O3), in addition to 6.2 million inferred tonnes (28.8% B2O3).
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 USA
www.erinventures.com SEC 12G3-2(B) #82-4432
645 Fort Street, Suite 203 OTCBB: ERVFF
Victoria BC V8W1G2 Europe
Canada Berlin Stock Exchange: EKV
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.
Forward Looking Statements:
This press release may contain or refer to forward -looking information under Canadian securities legislation, including statements
regarding the timing of future mineral resource estimates and the PEA, 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 significant risks and uncertainties, and other factors that could cause actual results to differ mat erially 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 estima ted mineral resources to reserves, capital and operating
costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or fail ures to obtain
required governmental, environmental or other project appro vals, 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 pr ices, 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 f orward-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.