ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Erin Ventures and Temas Resources Ready Agreement for the Joint Development of Erin’s Piskanja Boron Project
Victoria, B.C., April 13, 2021
Erin Ventures Inc. [TSXV: EV] is pleased to report that, further to its news release dated December 17, 2020 in which Erin stated that it had entered into a Letter of Intent (“LOI”) with Temas Resources Corp. for the joint development of Erin’s Piskanja Borate Project, the parties have recently concluded their due diligence process with a favourable outcome, and are now working to complete a definitive, binding agreement based on the terms in the LOI. It is anticipated that the definitive agreement will be completed imminently.
Piskanja is Erin’s wholly owned boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31.0 per cent B2O3), and an inferred resource of 3.4 million tonnes (averaging 28.6 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in Erin’s report titled, “Mineral Resource Estimate Update On The Piskanja Borate Project, Serbia, October 2016 - Amended February 28 2019” - prepared by SRK Consulting (UK) Ltd. The responsible persons for the Updated MRE are Dr Mike Armitage (C.Eng. C.Geol.) and Dr Mikhail Tsypukov who are both full time employees of SRK and Qualified Persons in accordance with the CIM Definition Standards on Mineral Resources and Reserves (CIM Standards), and independent of Erin Ventures.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Temas Resources Corp. Temas Resources Corp. (CSE: TMAS) (OTCQB: TMASF) is a mineral exploration company focused on the environmentally friendly acquisition, exploration and development of Iron, Titanium, and Vanadium properties in a socially responsible manner, Temas Resources has focused its efforts on advancing two major projects in the Grenville Geological Province area. The first, the DAB Property, is an option for 100% interest consisting of 128 contiguous mineral claims which covers 6,813.72 hectares (68.14 km2) within the Grenville Geological Province. The flagship, the La Blache Property, is 100% ownership of 48 semi-contiguous mineral claims which cover 2,653.25 hectares (26.53 km2) within the Grenville Geological Province. All public filings for the Company can be found on the SEDAR website www.sedar.com. For more information, please visit www.temasresources.com.
About Erin Ventures Inc. Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Erin's shares are traded on the TSX Venture Exchange under the symbol "EV". For detailed information please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.
For further information, please contact: Erin’s Public Quotations Erin Ventures Inc.
Canada USA Blake Fallis, General Manager TSX Venture: EV SEC12G3-2(B)#82-4432
Phone:
1-250- 384-1999 or
1-888-289-3746 OTCBB:ERVFF
info@erinventures.com Europe www.erinventures.com Berlin: EKV
The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P. Eng., a director of the company, who is a Qualified Person under National Instrument 43-101.
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.