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June 26, 2012
Erin Ventures Inc. [TSX-Venture: EV] announced that it has received a ‘Letter of Interest’ from a potential strategic partner, wherein they have expressed their interest in entering into a purchase contract with Erin for colemanite from the Piskanja property in Serbia, subject to Erin’s ability to supply a competitive product (i.e. sufficient quantity, quality and pricing point). The prospective partner is a leading consumer of colemanite, with assets in North America, Europe and Asia.
Due to the sensitive nature of the boron industry, the parties have entered into a mutual non-disclosure agreement. Consequently, further information regarding this potential transaction will be available only with consent of both parties.
Erin believes that its best course to effectively penetrate the market and maximize returns is to secure multiple strategic partners who are well established in various facets of the boron industry. As a result, Erin is engaged in a due diligence process with several potential partners that have the ability to provide needed capital, technical expertise (general mining and boron-specific), boron-specific marketing expertise, boron-specific value-added expertise, as well as substantial end-users of boron and boron derivatives who are looking to secure long term supply arrangements.
On behalf of the Board of Directors,
Blake Fallis, General Manager
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
Erin's Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
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.