Erin Ventures Announces Update to its Proposed Issue of Units in Satisfaction of Certain Outstanding Convertible Debentures

April 13, 2020

Erin Ventures Inc. ("Erin" or the “Company”) [TSXV: EV] is pleased to announce that an additional holder of an outstanding amended and restated 12% interest bearing convertible debenture (“Debenture”) representing a principal amount of $50,000 has agreed to the terms of the Company’s debt settlement agreement and the Company intends to include such Debenture holder in today’s proposed issuance announced on April 9, 2020, to issue units of the Company (“Units”) at a price of $0.035 per Unit, to holders of certain Debentures. Subject to approval of the TSX Venture Exchange (“TSXV”), including the additional Debenture holder, Erin intends to issue an aggregate of 8,700,901 Units representing the aggregate principal amount equal to $295,000 and the amount of accrued interest as of the intended closing today equal to $12,996.17 in full and final satisfaction of the Company’s obligations under such Debentures.

Each Unit is analogous to the Units issued under the recently announced private placement, comprised of one (1) common share in the capital of the Company (a “Share”) and one (1) common share purchase warrant (each, a “Warrant”). Each Warrant will have a three (3) year term (the “Exercise Period”) and will be exercisable into one (1) Share at a price of $0.075 in the first year and $0.10 thereafter per Share over the Exercise Period.

The Units will be subject to a four-month hold period and the Exchange Hold Period as defined in the TSXV Corporate Finance Manual.

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 and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin shares are traded on the TSX Venture Exchange under the symbol "EV". For detailed information please see the Erin website at www.erinventures.com or the Company filed documents at www.sedar.com.

For further information, please contact:
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
645 Fort Street, Suite 203
Victoria, BC V8W 1G2
Canada

Erin 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 press release contains or refers 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 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 obtaining 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 Company'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 viability. "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.