VANCOUVER, March 19 /CNW/ - El Nino Ventures Inc. ("El Nino") (TSX.V:
ELN; OTCBB: ELNOF; Frankfurt: E7Q) and CanAm Uranium Corp. (OTCBB: CAUI.OB)
(formerly Boulder Creek Exploration Inc.) are pleased to announce that the
first phase of a $500,000 work program will be commencing on the Bancroft
Uranium Project. This work program will consist of 1650 meters of drilling on
a property that was once home to four past producing mines, producing a total
of 14,862,653 lbs. U3O8 between 1956 - 1982. Subject to results, a follow up
drill program is planned.
This work program is the result of an agreement signed with CanAm Uranium
formerly, Boulder Creek Exploration Inc. in November 2006. Under the terms of
this agreement, El Nino will receive 275,000 shares of CanAm Uranium Corp.,
and cash payments totaling CDN $125,000. CanAm Uranium Corp. can earn in a 60
percent interest by committing CDN $1,000,000 over the next two years, and
could earn up to 80 percent of the project by issuing a further 300,000 shares
and spending an additional CDN $1,500,000.
About CanAm Uranium Corp.
CanAm Uranium Corp, is a Nevada incorporated junior resource company with
a corporate objective focused on the strategic acquisition and development of
exploration properties in well-known prolific mining areas, especially known
for Uranium, of Canada, Southern Africa, Australia and the United States.
About El Nino Ventures Inc.
El Nino is an exploration stage company whose corporate objective is to
revisit former mining regions and apply the latest technologies to advanced
stage exploration targets. El Nino Ventures has entered into an Option/Joint
Venture Agreement with Xstrata Zinc Canada to explore the world class Bathurst
Zinc/Base Metals Mining Camp in Bathurst, New Brunswick, Canada.
On Behalf of the Board of Directors
Jean Luc Roy, President and COO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
CUSIP No. 28335E-10-6
This news release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the British
Columbia Securities Commission and the United States Securities & Exchange
Commission. This email should not be construed as an offer to buy or sell
securities of this company.
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