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Erin Resumes Gold Production in Belize
March 12, 2008
Erin Ventures Inc. (TSX-Venture: EV) is pleased to announce that it has resumed gold production on its Ceibo Chico Property in Belize. The production goal for this season is to process approximately 60 cubic yards of gold-bearing material per hour, 18 hours per day, 6 days a week, for as long as the property continues to yields a sufficient quantity of economically viable material (as previously reported in Erin’s news release on October 3, 2007).
Erin utilized the recently concluded rainy season to complete planned upgrades to the dredge so as to increase its capacity and operating efficiency. As well, this anticipated wet season was used to purchase additional required mining equipment, complete upgrades to the camp infrastructure, and to prepare for the upcoming season.
Additionally, bulk sampling on the Ceibo Chico Property will recommence immediately. This phase is being conducted in order to determine the viability of commissioning a second production dredge. It is anticipated that this phase of the program will be completed within the next 90 days.
On behalf of the Board of Directors,
Blake Fallis, General Manager
The technical information in this release was prepared by Dennis LaPoint, Registered Geologist in the State of North Carolina, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.
About the Ceibo Chico Gold Prospect
- The property consists of 4 contiguous Exclusive Prospecting Licenses covering approximately 34 square kilometers (13 square miles), and a 160.25 hectare (396 acre) Mining License, in west/central Belize.
- Erin has an option agreement to acquire up to 90% equity in the Prospect.
- Erin has commenced gold production of the placer gold found on the Fan to establish cash flow to help off set exploration costs. The Fan is comprised of alluvial gravels formed where the drainage opens up at the contact with limestones.
Erin Ventutures Inc.
Phone: 1-250- 384-1999 or 1-888-289-3746
www.erinventures.com
A Schwab and Associates (Investor Relations).
Phone: 1-866-979-0199
Mike McGee mikemcgee@shaw.ca
Erin’s Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
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, which speak only as of their dates. 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 for the continued operations of the Company, 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.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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