VANCOUVER, May 28 /CNW/ - Mr. Harry Barr, Chairman & Acting CEO of El Nino Ventures Inc. (TSX.V: ELN; FSE: E7Q) is pleased to announce that three independent directors have been appointed to the Company's Board. These include Mr. Gary Moore, MBA, BComm, Ms. Linda Holmes and Mr. Spiros Cacos, M.A.
Mr. Moore is a Director of Goldcliff Resource Corporation and Freegold Ventures Limited. He is a graduate from the University of British Columbia from the Faculty of Commerce (1976) and from the Masters of Business Administration program (1982). He has held junior and senior executive positions with various companies, including Trionics Technology Ltd., Trivest Management Inc., Global Securities Corporation, Pacific International Securities Inc. and HTI Ventures Corp.
Ms. Holmes has been a Canadian/U.S. Regulatory Compliance Consultant to public companies since 1994. She is a Director of Fire River Gold Corp., Pacific North West Capital Corp. (Corporate Secretary) and Next Gen Metals Inc. (Corporate Secretary). Ms. Holmes has served as a director, corporate secretary or compliance manager for several public companies, mostly in the mineral resource industry, over the past 25 years.
Mr. Cacos is a Director of Fire River Gold Corp. and Next Gen Metals Inc. He holds a Master of Arts degree in International Relations & Diplomacy from Paris, France and a Bachelor of Arts degree from Simon Fraser University. He has extensive experience in Corporate Communications and Corporate Finance, specializing in public mineral exploration companies and has been responsible for advising management on public relations, corporate finance and corporate strategy. Mr. Cacos has an extensive network of contacts within the financial community including fund managers, industry analysts and media throughout North America, the United Kingdom and continental Europe.
Messrs. Moore, Cacos and Ms. Holmes will join Harry Barr and John (Jay) Oness to establish a compliment of five Board members. Concurrently with these appointments, the Company has accepted the resignation of its former Directors Mr. Damian Towns, Mr. John Royall and Mr. Michael Philpot, who had indicated they would not be standing for re-election at the Company's Annual General Meeting to be held on June 24, 2010. The Company would like to thank them for the years of service on the Board.
About El Nino Ventures Inc.
El Nino Ventures is a mineral exploration company, focused on copper/cobalt exploration in the DRC (see releases January 12, 2009, February 25, 2009 & March 11, 2010). The Company holds a 50% interest in an extensive base metal project located within the Bathurst mining camp in Ontario, Canada. El Nino finalized its option agreement in April 2010 with Votorantim Metals Canada Inc. and Xstrata Zinc whereby Votorantim may earn a 50% interest in El Nino's landholdings by expending $10 million over 5 years and may further increase its interest in El Nino's and Xstrata Zinc's landholdings to 70% by expending an additional $10 million over a further two years.
On Behalf of the Board of Directors,
Harry Barr, Chairman and Acting 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.
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.
SOURCE El Nino Ventures Inc.
For further information: For further information: Mark Feeney, Tel: (604) 786-2587, Toll Free: 1-800-667-1870, Fax: (604) 685-8045, Email: firstname.lastname@example.org or visit: www.elninoventures.com