Erin's Serbian Boron Property License is Renewed

November 29, 2012

Erin Ventures' [TSX-V: EV] mineral exploration license for the Piskanja boron deposit in Serbia has been renewed by the Serbian authorities for an additional three year period. The new license covers the same exploration area as Erin's previous license - approximately 3 square kilometres within the Jarandol basin (including the entire known mineralized area of borates known as Piskanja).

As Erin's original exploration license was issued under previous Serbian mining laws, Erin was required to renew its license this year in accordance with amended mining regulations that were enacted late in 2011. As a result, this was considered by the Serbian authorities to be a new exploration license rather than the extension of an existing license, resulting in Erin being granted a new 3 year exploration period in accordance with the current regulations.

In accordance with Serbian law, Erin was required to suspend its drilling activity while its license application was being reviewed and processed, but was able to continue with certain other required and ongoing studies that form a part of the Geological Elaborate data base for use in a mining license application. Unfortunately, due to changes in the Serbian government, the license review was delayed by three months, setting back Erin’s drilling schedule. In spite of this unavoidable delay, Erin is endeavoring to complete its current exploration drill program (two holes which are near completion depth and two additional holes, as previously reported) before the end of this year, and to proceed with a mining license application as soon as possible thereafter.

On behalf of the Board of Directors,
Blake Fallis, General Manager

The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P. Eng., a consultant to the company, who is a Qualified Person under National Instrument 43-101.

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

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.