Erin Set to Define Drill Targets on Belize Gold Property
Acquired Historical Drill Data Includes Results of 72 g/t Au

March 18, 2008
Erin Ventures Inc. (TSX-Venture: EV) is pleased to announce that it has recently acquired significant historical data on its Ceibo Chico Gold Property in Belize, from exploration completed by BHP and Castle Exploration, Inc. in the 1990’s.  It is expected that the compilation of this historical drill, trench, channel and soil data, plus the geologic mapping of structures and alteration may identify drill targets for Erin by mid year.  

Erin’s management has concluded that it has sufficient quality data to potentially develop drill targets without much of its planned surface exploration program, thus saving both time and money.  However, some new field examination to relocate, confirm and interpret results will be required.

Erin has recently retained the services of the former project geologist, who lead the exploration program for both BHP and Castle Exploration, to assist with compilation of data and a site review. With the assistance of this geologist, most of the paper copies of reports and maps have been recovered and organized. Currently, this information is being converted to digital data suitable for use in GIS software and evaluation.

BHP/Castle Data
BHP conducted exploration, primarily for base metals, in the Maya Mountains of Belize in the 1990’s. They initiated exploration for gold on a large regional grid, based on results from soil samples.  In 1997 when they farmed out their Central American projects, Castle Exploration acquired BHP’s exploration rights in Belize. They completed significant exploration work including soil sampling, channel sampling of roads, trenching, and 809 meters of diamond core drilling in 9 holes. Results were positive, but funds were not obtained to continue exploration.  A total of approximately US $3.5 million was spent by both companies.

The drill data show wide intervals of anomalous gold with high grade zones, typically in quartz veins.  The highest value reported is 72 grams/ton in a quartz vein.  These independent assays were performed by Chemex Labs in Mississauga, Ontario during the 1999 exploration program. A more complete summary of results will be reported after the data are digitally compiled and drill holes are located. Castle made its best efforts to preserve the core, but it has evidently been destroyed or lost when moved.  

Castle’s map of soil data shows a large, well-defined V-shaped anomaly of anomalous gold.  An east-west limb is anomalous over a length of 2,300 metres and width of up to 700 metres.  The southern, northwest trending limb is anomalous over a length of 1,500 metres and width of up to 350 metres. A higher grade core zone is over 1,100 metres in length. Castle and BHP’s exploration program was well managed and they used their best efforts to preserve data for later exploration, as they recognized the gold potential.

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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