Erin Signs Letter of Intent for Serbian Boron Property

December 10, 2012

Erin Ventures Inc. [TSX-V: EV] has signed a Letter of Intent for the formation of a strategic partnership regarding the development of Erin's Piskanja boron project in Serbia. This is the third such Letter of Intent that Erin has established for this project. Erin believes that its best course of action to effectively penetrate the boron market and maximize its returns is to secure multiple strategic partners who are well established in various facets of the tightly controlled boron industry.

Due to the sensitive nature of the boron industry, the parties believe that it is not in the best interest of a future alliance to reveal the name the potential partner at this point in time.

Erin considers this prospective partner to be of strategic importance because of its ability and willingness to provide Erin with capital required to develop the mine, it has extensive boric acid production and marketing experience, and it has a well-established market share for boron products from Piskanja (as it is both a leading consumer and a major wholesaler of boron and boron derivatives in one of the world's largest and fastest growing boron markets).

Specifically, this potential partner is a multi-billion dollar per year importer/exporter of numerous minerals, as well as being well established and respected as one of the largest operators/distributers of boron products in their region. Its extensive boron-specific infrastructure includes boric acid production factories, the largest domestic boron logistics center (with bonded warehouse, logistics, and packing), boron-specific marketing, sales, and logistical teams, and a large, existing customer base.

This potential partner previously analysed and successfully tested a 200 tonne bulk sample of borate ore from the Pobrdje deposit in one of their boric acid production facilities in order to ascertain the suitability of this colemanite for use in the production of boric acid on a commercial scale (as reported October 31, 2012).

The Letter of Intent encompasses many parameters of the development and on-going operation of the Piskanja deposit, and envisions long-term cooperation and assistance in areas such as the financing of the mine development, establishment of a boric acid production facility in Serbia, global marketing and technical assistance, exclusive regional distribution rights, and a long-term boron purchase contract for a significant portion of the projected mining capacity. The letter of intent is non-binding. Completion of a binding agreement is dependent on further negotiation and formalization.

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.