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Assays Confirm Gold Bearing Structure on Belize Gold Property

November 21, 2006

Erin Ventures is pleased to report the following progress on the Ceibo Chico gold prospect in Belize:

Assay results confirm the discovery of a quartz vein system containing significant free gold and sulphides on Erin’s Ceibo Chico Gold Prospect.

This initial discovery of an “in place” gold bearing structure (named “Copal-1”) is significant in that it supports management’s theory that this, and other structures, hosted within a 2 km wide zone of meta-sediment and clastic rocks in the upper area of the Ceibo Chico drainage system, appears to be the host rock for the residual gold that has been found in the drainage system, as reported previously.

Copal-1 is currently exposed over a length of approximately 5 meters and vertically for approximately 2.5 meters. Preliminary examination of Copal-1 reveals that several relatively flat lying (15° – 20°) quartz veins, separated by 0.5 to 1.0 meter of silty meta-sediments, extend along the bedding planes of the meta-sediment host rock. Vein widths vary from 20 to 30 centimeters. This sheeted quartz vein discovery, which contains visible gold, is significant in that it suggests that the quartz veins may originate from a deeper underlying intrusive.

Copal-1 (as first reported in Erin’s news release dated September 19, 2006) is located within the 2 km wide clastic –meta-sediment band of rocks, approximately 2.5 km upstream from the Ceibo Chico fan, and some 0.75 km upstream from the volcanic – meta-sediment contact region (see attached map).

A total of 3 samples across the veins in the Discovery Zone were collected and sent to Eco-Tech Laboratories in Kamloops, B.C. for assay using standard fire assay techniques. The results of these assays are as follows:

Sample tag #	Au, g/t	Au, oz/t	Ag, g/t	Ag, oz/t	Location/ description
350702	4.95	0.144	3.8	0.11	Upstream section of discovery vein, lower 30 cm quartz vein in section.
350703	0.11	0.003	2.4	0.07	Quartz vein located approx 1.2 meters below the discovery vein – 20 cm thick. Minor pyrite.
350706	25.1	0.732	33.5	0.98	Upper quartz vein 30 cm wide, in discovery vein. Visible gold with pyrite and fine galena.

The first of 2 representative grab samples collected from the new discovery vein returned assay values of 25.1 g/t Au and 33.5 g/t Ag across a width of 30 cm (sample tag #706). The 2 nd sample (sample tag #702) cut from the same vein approximately 5 meters to the east returned values of 4.95 g/t Au and 3.8 g/t Ag over similar widths. A third sample (sample tag #703) cut from a quartz vein exposed in the same location as the 2 nd but located some 1.2 meters lower in the system returned values of 0.11 g/t Au and 2.4 g/t Ag.

Approximately 1 km of new access trail to the discovery area is now complete. This will enable excavator trenching of the discovery, followed by detailed mapping and sampling of this area. It is expected that detailed exploration in the discovery area will resume early in 2007 with the advent of the dry season. The relatively steep terrain at Copal-1 is expected to permit excavator trenching that will expose the zone over approximately 100 meters and perhaps as much as 10 meters vertically. It is anticipated that this program will result in the definition of drill targets during the next season.

Additional Sampling

Seven additional samples that were collected during the ongoing trenching and mapping program were submitted to Eco-Tech Laboratories in the same shipment with the samples from Copal-1. The results, utilizing standard fire assay techniques, are as follows:

Sample tag #	Au, g/t	Au, oz/t	Ag, g/t	Ag, oz/t	Location/ description
350701	238	6.941	95.1	2.77	Trenching at 3 rd Creek Crossing. Quartz float with visible gold and sulphides.
350704	< 0.03	< 0.001	< 0.1	< 0.01	70 meters upstream of Copal-1. Flat lying 20 cm white quartz vein. No sulphides.
350705	0.16	0.005	1.1	0.03	Assumed #7 tag location
350707	28.9	0.843	31.3	0.91	Second large piece of quartz float retrieved during trenching at 3 rd Creek Crossing. Sulphides.
350708	< 0.03	< 0.001	0.4	0.01	Narrow quartz veinlets across 40 cm in black shale at 3 rd Creek Crossing. No mineralization.
350709	0.03	0.001	0.8	0.02	Black shale at 3 rd Creek Crossing with > 1% pyrite
350710	0.03	0.001	< 0.1	< 0.01	Clastic with arseno, quartz and pyrite at mouth of 2 nd Creek Crossing

The higher grade gold values, tag #’s 350701 and 350707, originate from large angular quartz blocks that were recovered during the last trenching program located just down-stream from the northerly contact between the volcanics and the metasediment – clastic rocks. Although this area was extensively trenched, the bedrock source was not located.

About the Ceibo Chico Gold Prospect

The Ceibo Chico Gold Prospect is located in the Cayo District of west/central Belize.
The prospect property consists of 4 contiguous Exclusive Prospecting Licenses covering approximately 34 square kilometers, and a 38.85 hectare (96 acre) Mining License.
Erin has an option agreement to acquire up to 90% equity in the Prospect.
The local geology consists of intrusive and meta-sedimentary rocks which are bounded by volcanics to the south and Upper Cretaceous limestones to the north.
A 2 km wide zone in the upper area of the drainage system appears to be the host rock for the residual gold in the drainage system.

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

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For further information, please contact
Blake Fallis at 1-888-289-3746 or (250) 384-1999

Erin Ventures Inc
31 Bastion Square, Suite 102
Victoria , BC
V8W 1J1 Canada

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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