CALGARY, May 5 /CNW/ - Erin Ventures Inc. [TSXV: EV] announces that it
has received information that mineral concessions for the Santa Rosa
Mine in Panama have been awarded to a third party despite Erin's claim
to the assets. It is the opinion of Erin's management that there is
clear evidence of inappropriate actions by certain government
departments, giving this third party an improper and unfair advantage
in the concession process (as reported by Erin in a news release dated
December 15, 2010).
In light of this development, coupled with the recent "anti-mining"
attitude developing within Panama, management of Erin feels it prudent
to abandon all activities in Panama until further notice.
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.
SOURCE Erin Ventures Inc.
For further information:
| For further information, please contact: || Erin's Public Quotations: |
| Erin Ventures Inc. || Canada |
| Blake Fallis, General Manager || TSX Venture: EV |
| Phone: 1-250- 384-1999 or 1-888-289-3746 || USA |
| www.erinventures.com || SEC 12G3-2(B) #82-4432 |
| || OTCBB: ERVFF |
| || Europe |
| || Berlin Stock Exchange: EKV |