ERIN VENTURES INC. ("Erin") - STATUS OF EXPLORATION AT PISKANJA BORATE PROJECT, SERBIA

CALGARY, April 27 /CNW/ -- 
CALGARY, April 27 /CNW/ - Erin Ventures Inc. (TSXV: EV) reports that
 exploration is well underway in preparation for a quality drilling
 program to develop a NI 43-101 qualified resource at the Piskanja
 borate project in Serbia. The intent is to initiate drilling in June of
 this year. The first phase of drilling will consist of approximately
 5,000 metres of HQ size core drilling.


Unexpected delays in receiving certain historical exploration data and
 drill core from the Serbian authorities set back the drilling target
 date by three months from Erin's original plans. Erin has now received
 most known available historical exploration data, including copies of
 the results of historical drilling conducted by Ibar Mines (a Serbian
 government-owned company), Erin Ventures, and Rio Tinto, completed in
 three separate exploration programs over a twenty year period.


Currently, the following exploration related tasks are in progress, or
 have been completed:


    --  A secure Access database has been created for all prior data. 
        The historical drilling by Ibar and some results from Erin
        Ventures still lack verifiable assay records to import.   Erin
        is currently importing assay data from drill logs to assist in
        correlation and interpretation, but these results can not be
        reported as verifiable results.
    --  Relogging and interpretation of structure and sedimentary
        features of the Rio Tinto holes is in progress.  Many
        sedimentary and structural features are being noted that are
        not recognized or described on the Rio Tinto logs, but will be
        critical in planning a drilling program to be used in mine
        planning and correlation of ore zones.  Structural controls are
        very critical.  Relogging should also verify the Rio Tinto log
        descriptions and sampling intervals.
    --  Studies have been initiated or are planned using  experienced
        Serbian geologists from the Mineral Institute and University in
        Serbia on the geohydrology of the basin and geotechnical
        planning of the drilling program, as well as economic factors. 
        When drilling, selected drill holes will be converted to water
        monitoring holes.  The intent is to proactively address
        anticipated issues now so that Erin Ventures can rapidly move
        towards mine development.
    --  The Serbian Petroleum Industry is developing a proposal for a
        shallow seismic and resistivity survey to better plan drilling
        and mine development.
    --  In May, new cross sections and 3-D models will be prepared
        based on the relogging and database of historic drilling to
        develop an interpretation of the borate mineralization and
        develop the initial drilling program.
        An initial 5000 metre drill program is planned. Drilling will
        then continue with adjustments being made in hole locations and
        the possible need for angle holes.
    --  Written procedures are being prepared to meet NI 43-101
        standards in drilling, sampling and QA/QC.
    --  Erin Ventures is developing community and government relations
        with the assistance of Ibar Mines.  Erin is also developing a
        strong Serbian team of advisors from the Mineral Institute and
        University to aid in the program and to strengthen its Serbian
        ties. Several theses are expected to be prepared on the deposit
        including one dissertation.
    --  Safety, social and environmental concerns are being evaluated
        both in-house and with the government agencies.
    --  Surface access leases required for drilling are starting, aided
        by Ibar Mines.
    --  Meetings have been held with government agencies to insure that
        all permitting issues are addressed.
    --  Discussions and planning are in progress with drilling
        contractors, analytical labs and independent consulting groups
        that would verify quality of work to NI 43-101 standards and
        prepare an independent report.



A cooperative team composed of four experienced Serbian geologists under
 contract to Erin Ventures and four experienced geologists from Ibar
 Mines has been established to work on the project.  Ibar Mines is
 offering its full support and cooperation for this project.


The following table summarizes the current available data on borate
 intercepts using a 10% B(2)O(3 )cutoff.  This cutoff is used only to present significant results and
 does not represent a mining cutoff but is used only for exploration
 purposes.  Only holes with verified lab results are included; thus all
 results from Ibar Mines are not currently available.


 ______________________________________________________________
|       |      |      |         |Average |            |        |
|HoleID |From_m| To_m |Thickness| B2O3_% |   Company  |HoleType|
|_______|______|______|_________|________|____________|________|
|B-10/97|  120 |  128 |      7  |  28.16 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-10/97|  228 |  230 |      2  |  31.27 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-29/97|  123 |  130 |      3  |   22.8 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-29/97|  198 |  205 |      7  |  22.52 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-8/97 |  176 |182.5 |    6.5  |  21.46 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-8/97 |  251 |253.5 |    2.5  |  22.41 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-9/97 |  123 |  137 |   11.5  |  33.31 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-9/97 |  142 |144.5 |      3  |  27.68 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-9/97 |  182 |185.5 |    2.5  |  32.59 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
|B-9/97 |254.5 |257.5 |      3  |  26.58 |ErinVentures|    RC  |
|_______|______|______|_________|________|____________|________|
| IBM-1 |103.57|104.73|   1.16  |  35.11 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-1 |139.93|140.87|   0.94  |  37.99 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-1 |233.9 |235.45|   1.55  |  39.44 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
|IBM-12 |430.49|440.2 |   9.71  |  13.32 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
|IBM-12 |560.13|561.5 |   1.37  |  40.89 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-2 |199.48|201.79|   2.31  |  13.65 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-2 |208.98|214.37|   5.39  |  44.75 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-3 |160.06|162.73|   2.67  |  44.11 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-3 |185.08|198.55|   11.9  |  42.49 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-3 |239.84|241.12|   1.28  |  32.13 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-3 |312.58|319.66|   6.08  |  46.74 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-5 |356.07|359.39|   3.32  |  56.88 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-5 |429.75|433.3 |   3.55  |  33.55 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-5 |462.05|463.12|   1.07  |  53.13 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-6 |140.25|141.25|      1  |  36.06 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-6 |255.38|256.91|   1.53  |  47.65 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-8 |209.05|  211 |   1.95  |  10.69 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-9 |119.65|134.75|   11.66 |  35.13 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-9 |142.2 |143.23|   1.03  |  28.24 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-9 |  148 |148.9 |    0.9  |  11.37 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-9 |173.47|175.2 |   1.72  |  35.08 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
| IBM-9 |238.92|245.77|   6.85  |  39.58 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|
|IBM-9A |117.5 |125.2 |    7.7  |  39.47 |   RioTinto |   Core |
|_______|______|______|_________|________|____________|________|




Management of the program is under the direction of Dr. Dennis LaPoint,
 a director of Erin Ventures.


Summary of the Piskanja boron property
The historical data, prepared to standards of the Serbian government,
 states that the Piskanja property has a historical resource estimate of
 approximately 7.5 million tonnes, averaging 36 - 39 per cent B(2)O(3) (boron). The Piskanja deposit has the potential of hosting additional
 significant borate tonnage beyond the historical estimate, based on
 initial review of the historical drill information and assay data
 showing other zones of possible borate mineralization. A Qualified
 Person has not done sufficient work to classify the historical estimate
 as a current mineral resource. Erin is not treating the historical
 estimate as current mineral resources and the historical estimate
 should not be relied upon.


It has been ascertained that the boron at Piskanja is primarily
 colemanite and ulexite. Colemanite currently sells on the world market
 for approx. US$280/ton, based on a boron content of 40% (approx. the
 purity found at Piskanja). Ulexite currently sells on the world market
 for approx. US$500/ton, based on a boron content of 40% (approx. the
 purity found at Piskanja).


Piskanja is located in a historical mining region that has good
 infrastructure for mining including roads, rail, electric power,
 experienced miners, support services, etc., 250 km south of Belgrade,
 Serbia.


About boron


    --  Boron is a critically important industrial mineral. World
        production of boron minerals reached an estimated 4.35 million
        metric tons in 2008.
    --  Market prices reflect the relative scarcity of borates with
        prices averaging: US$280/t for colemanite concentrate (40-42
        percent B(2)O(3)); US$500/t for ulexite (40 percent B(2)O(3));
        US$550/t for boric acid.
    --  Consumption of borates used in high- technical applications is
        expected to increase by 10% in North America and 13% in Europe
        by 2012. China is the largest consumer of boron, where
        consumption has risen by 15 percent per year from 2000 to 2010.
    --  Borate minerals and refined borate products are used
        extensively worldwide in the manufacture of vitreous products
        such as fiberglass insulation, textile fiberglass, borosilicate
        glass (e.g. LCD screens), ceramic glazes and porcelain
        enamels.  These applications account for approximately 60 per
        cent of borate consumption, with detergents, fire retardants,
        metallurgy, agriculture, insecticides, wood preservatives and
        specialty products accounting for the remainder.



Source: US Geological Survey, Report on Boron - 2008.


The technical information in this release was prepared and approved 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.


On behalf of the Board of Directors,


Blake Fallis, General Manager


Neither the TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release


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.


 


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