El Nino Ventures Inc. closes $0.90/unit brokered private placement financing


    VANCOUVER, Aug. 30 /CNW/ - El Nino Ventures Inc. (the "Company") (TSX.V:
ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce that it has closed
its previously announced brokered private placement of 5,888,889 units at a
price of $0.90 per unit (the "Units") for gross proceeds to the Company of
$5,300,000.10. Each Unit is comprised 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 Warrant
entitles the holder thereof to purchase one Common Share for a period of 18
months following the closing date at a price of $1.40. 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.
    Cormark Securities Inc. as lead agent and Haywood Securities Inc.
(collectively the "Agents") acted as agents for this financing. As
consideration for their participation in the offering, the Agents received a
cash commission equal to 6% of the total proceeds raised and 353,333
compensation options, each of which is exercisable into one unit at a price of
$0.90 expiring on February 28, 2009. These units have the same terms as the
Units sold under the private placement.
    All securities issued pursuant to this private placement are subject to a
four month hold period that expires on December 31, 2007.
    The securities issued 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.
    CUSIPNo. 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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