Erin Ventures Announces Completion of Private Placement

Victoria, British Columbia (FSCwire) - Erin Ventures Inc. (TSX-V:EV) (“Erin”) is pleased to announce that, subject to final approval by the TSX Venture Exchange (the “TSXV”), it has completed its previously announced non-brokered private placement offering of 9,208,333 units (“Units”) at a price of $0.06 per Unit for gross proceeds of $552,500. Each Unit is comprised of one (1) common share (“Common Share”) and one (1) Common Share purchase warrant (“Warrant”). Each Warrant will have a three year term with an exercise price of $0.15 in the first year, $0.30 in the second and $0.50 in the third year, with an accelerated exercise clause. In the event that the common shares of Erin close on the TSXV at a price equal to or greater than the designated trigger price of $0.30 for more than twenty (20) consecutive trading sessions Erin shall have the right to give written notice to the holders of Warrants requiring such holder to exercise the Warrant, in whole or in part, within a period of thirty (30) days from the date of receipt of such notice.. Any portion of the Warrant remaining unexercised after the expiration of the 30 day period will be cancelled and will thereafter be void and of no force or effect.

Erin intends to use the proceeds from the Private Placement to finance exploration and other expenses on the Erin's Piskanja boron project in Serbia and for working capital.

Erin paid finder's fees in connection with the Private Placement in the aggregate amount of $11,838.00.

Pursuant to applicable Canadian securities laws, the securities issued under the Private Placement are subject to a four-month hold period from the time of the closing of the Private Placement.


On behalf of the Board of Directors,

Blake Fallis
General Manager



For further information, please contact:

Erin Ventures Inc.
Blake Fallis, General Manager
Phone: 1-250- 384-1999 or 1-888-289-3746
www.erinventures.com

645 Fort Street, Suite 203
Victoria BC V8W1G2
Canada

Erin’s Public Quotations:
Canada
TSX Venture: EV

USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF

Europe
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 release contains forward looking statements. The words "believe," "expect," “feel,” "plan," "anticipate," “project,” “could,” “should” and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.  These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.