El Nino Ventures announces: Non-Brokered Private Placement, Update on the Democratic Republic of Congo ("DRC") Projects, Appointment of CFO



    VANCOUVER, May 4 /CNW/ - El Nino Ventures Inc. ("ELN" and the "Company")
(TSX.V: ELN; Frankfurt: E7Q) is pleased to announce a non-brokered private
placement of up to 22,500,000 units at a price of $0.10 per unit ("Unit") for
gross proceeds of up to $2,250,000.
    Each Unit will consist of one common share (a "Common Share") and one
share purchase warrant (a "Warrant"). Each Warrant entitles the holder to
purchase one Common Share at a price of $0.25 per share for a period of 18
months, subject to accelerated expiry, such expiry being accelerated to 30
days in the event the Company's shares have closed at or above a price of
$0.30 per share for ten consecutive trading days. A finder's fee may be
payable in cash, shares and/or warrants in relation to this financing, in
accordance with regulatory policies. The foregoing is subject to regulatory
approval.
    The proceeds of this private placement will be used to satisfy the
Company's 2009 exploration program for the DRC project and for general working
capital.

    To view map of "Kasala Project - Drill Hole with Residual Magnetics"
please click on http://www.elninoventures.com/i/maps/Map_050409ELN.jpg

    The Company has outlined its exploration program which will test the
Kasala East Zone which has significant drill potential over 2.5 kilometers. In
2008, significant results were released for the Main Zone and the geophysics
signature on the East Zone has the same footprint throughout with a very
intense zone to the south. The Program calls for up to 5,000 meters of diamond
drilling on this Zone.
    The results of 2008 have given the Company a very good geological model
to follow and that is why the Company believes that this extension has
substantial potential. The positive results of last years drill campaign came
from the Kasala Main Zone situated in the same signature environment as the
Kasala East Zone which is much larger. Highlights of the 2008 drill campaign
are as follows:

    
    -------------------------------------------------------------------------
    -   Numerous intercepts with widths from 50 metres to 91 metres of
        mineralization of over 1.0 % Cu

    -   High grade intercepts:  7 metres @ 7.07% Cu (Hole MDB-DD-019)
                                10 metres @ 6.07% Cu (Hole MDB-DD-011B)
                                11 metres @ 3.68% Cu (Hole MDB-027)
                                21 metres @ 2.42% Cu (Hole MDB-026)
    -------------------------------------------------------------------------
    

    The Company also intends to do exploration Reverse Circulation drilling
on its Research Permit 9316 just north of Lubumbashi where several active and
old artisanal workings are located. This permit is located in between three
world class operating mines, Ruashi, Etoile and Luswishi.
    The Company is also pleased to announce the promotion of Mr. Tony Mayer
from Controller to Chief Financial Officer ("CFO").
    A graduate of the University of Alberta (Bachelor of Commerce, major in
accounting) and a member of the Institute of Chartered Accountants of British
Columbia, Mr. Mayer has over eight years' experience in accounting and
finance. For the past three years, his work has focused on the mining
industry. Mr. Mayer was Controller of Yukon Zinc Corporation and also an Audit
Manager with BC Hydro. Mr. Mayer obtained his Chartered Accountant designation
while articling with PricewaterhouseCoopers LLP. He also sits on the Council
of the Institute of Chartered Accounts of British Columbia.
    Mr. Jean Luc Roy, President & CEO stated: "This financing will give the
Company the funds required to move the Kasala Project forward. This project
has great potential and the planned drill program will allow a full initial
assessment. Much work has been done in compiling and analyzing the data from
our 2008 exploration program resulting in the identification of several first
class drill targets following the geological model we have put together for
this Project. I also take this opportunity to welcome Tony Mayer as our new
CFO. Tony will be an integral part of the development of our Company in the
years to come."

    
    On Behalf of the Board of Directors,

    "Jean Luc Roy"

    Jean Luc Roy, President and CEO

    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

    CUSIP No. 28335E-10-6
    

    Note: this release contains forward-looking statements that involve risks
and uncertainties. These statements may differ materially from actual future
events or results and are based on current expectations or beliefs. For this
purpose, statements of historical fact may be deemed to be forward-looking
statements. In addition, forward-looking statements include statements in
which the Company uses words such as "continue", "efforts", "expect",
"believe", "anticipate", "confident", "intend", "strategy", "plan", "will",
"estimate", "project", "goal", "target", "prospects", "optimistic" or similar
expressions. These statements by their nature involve risks and uncertainties,
and actual results may differ materially depending on a variety of important
factors, including, among others, the Company's ability and continuation of
efforts to timely and completely make available adequate current public
information, additional or different regulatory and legal requirements and
restrictions that may be imposed, and other factors as may be discussed in the
documents filed by the Company on SEDAR (www.sedar.com), including the most
recent reports that identify important risk factors that could cause actual
results to differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts'
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. Investors should
not place undue reliance on forward-looking statements.





For further information:

For further information: Mark Feeney, Tel: (604) 786-2587,
mfeeney@elninoventures.com; Tel: (604) 683-4886, Toll Free: 1 (877) 895-6466,
Fax: (604) 683-4887, Email: info@elninoventures.com or visit:
www.elninoventures.com

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El Nino Ventures Inc.

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