Erin Ventures Inc.
TSX VENTURE : EV
OTC Bulletin Board : ERVFF
BERLIN : EKV

Erin Ventures Inc.

December 12, 2007 09:02 ET

Erin Ventures Completes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 12, 2007) - Erin Ventures Inc. (TSX VENTURE:EV)(OTCBB:ERVFF)(BERLIN:EKV) announces that it has completed the private placement of 2,853,327 units at a price of $0.11 per unit, for total proceeds of $313,866. Each unit consists of 1 common share and 1 warrant; each warrant will have a term of two years and an exercise price of $0.18 per share in the first year and $0.25 per share in the second year. In connection with this private placement, Erin Ventures will pay finder's fees of $11,966.25. The proceeds of this placement will be used to purchase mining equipment and for working capital purposes. The securities issued in this private placement are subject to a hold period expiring April 12, 2008.

On behalf of the Board of Directors of Erin Ventures, Inc.

Blake Fallis, General Manager

SEC 12G3-2(B) #82-4432

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.

Contact Information

  • Erin Ventures Inc.
    Blake Fallis
    General Manager
    (250) 384-1999 or 1-888-289-3746
    Website: www.erinventures.com
    or
    Whaler Capital Corp.
    Investor Relations
    (604) 331-4407 or 1-866-815-3427
    Website: www.whalercapital.com