El Nino Ventures Inc. announces brokered private placement financing


    VANCOUVER, Aug. 9 /CNW/ - El Nino Ventures Inc. (the "Company") (TSX.V:
ELN; OTCBB: ELNOF; Frankfurt: E7Q) announces that the Company has entered into
an agreement with Cormark Securities Inc. as lead agent and Haywood Securities
Inc. to sell on a best efforts basis up to 5,555,556 units at $0.90 per unit
("Unit"). Each Unit will consist of one common share in the capital of the
Company (a "Common Share") and one half of one common share purchase warrant
(each whole common share purchase warrant, a "Warrant"). Each whole Warrant
shall entitle the holder thereof to purchase one Common Share for a period of
18 months following the closing date at a price of $1.40.
    Closing of the offering is anticipated to occur on or before August 30,
2007 and is subject to receipt of applicable regulatory approvals including
approval of the TSX Venture Exchange.
    The Common Shares and Common Shares issuable upon exercise of the
Warrants will be subject to resale restrictions for a period of four months
plus one day from the closing date. The Agents will receive a commission of 6%
of the gross proceeds raised in the Offering. The Agents will also receive
broker warrants (the "Broker Warrants") equal to 6% of the number of Units
purchased. Each Broker Warrant will entitle the Agents to purchase one Unit at
the issue price of the Units for a period of 18 months following the closing
    The proceeds from the financing will be used for exploration, drilling
and engineering at the Company's properties in the Democratic Republic of
Congo and for general corporate purposes.

    The securities proposed to be offered in the private placement have not
been registered under the U.S. Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements.
    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of
the securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful.

    On Behalf of the Board of Directors


    Jean Luc Roy, President and CEO

    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.

For further information:

For further information: Tel: (604) 685-1870, Toll Free: 1-800-667-1870,
Fax: (604) 685-8045, Email: info@elninoventures.com, Or visit

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El Nino Ventures Inc.

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