Erin Opts out of Serbian Boron Joint Venture Agreement in Favor of Retaining 100% Interest in Project

Erin Opts out of Serbian Boron Joint Venture Agreement in Favor of Retaining 100% Interest in Project 


Victoria, British Columbia CANADA, January 28, 2013 /FSC/ - Erin Ventures Inc. (EV - TSX Venture), has received Serbian government approval to opt out of its agreement with the Serbian state-owned mining company "JPPEU" for the future joint-development of the Piskanja boron deposit. As a result, Erin will continue to retain an undivided 100% interest in the Piskanja project. 

As reported by Erin in a news release dated May 11, 2010, Erin and JPPEU entered into an agreement for the future joint-development of the Piskanja boron property, subject to certain conditions. JPPEU could have potentially earned an interest in the Piskanja project based upon the contribution of certain of its assets to a joint venture with Erin. The determination of which assets could be contributed to the joint venture by JPPEU was at the sole discretion of Erin. 

Erin has determined that it is in its best interest, given the potential value of Piskanja, to opt out of this agreement with JPPEU in favor of pursuing strategic alliances with other potential partners who meet Erin's criteria of being well established international leaders in various facets of the tightly controlled boron industry. To date, Erin has entered into Letters of Intent with three such potential partners. 

About Erin Ventures Inc. 

Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol EV. For detailed information please see Erin's website at www.erinventures.com  or the Company's filed documents at www.sedar.com

On behalf of the Board of Directors, 
Blake Fallis, General Manager 

For further information, please contact: 

Erin Ventures Inc.                       
Blake Fallis, General Manager             
Phone: 1-250- 384-1999 or                 
1-888-289-3746                           
www.erinventures.com 

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