RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Prediction!The US$15 million that Erin was seeking as monetary compensation, totaling approximately US$15 million, was seemingly put on hold when Erin received the exclusive exploration license for additional territory within the Jarandol Basin in Serbia. Serbian Lawsuit and Boron Property Settlement Discussions Continue - Erin Ventures Inc. [TSX-Venture: EV] reports that it's management and members of the Serbian Ministry of Mining have agreed to meet, starting June 25th, regarding a possible settlement to Erin's legal action over the Piskanja boron property. These meetings will continue to focus on the form and manner of a possible settlement that would be acceptable to both parties including, but not limited to, reinstating Erin's right to the Piskanja boron property. Erin's legal action results from the decision of a previous Serbian government to grant a concession to exploit these boron deposits to a third party, in spite of direct knowledge of Erin's contractual rights to the property. The Minister of Mining and Energy has expressed his desire to see this matter resolved by means other than legal action (as reported by Erin in a release dated October 23, 2008). At the request of the Minister, Erin submitted a proposal which includes an outline of the issues and events which led to Erin's legal action, details of mining projects in Serbia (including, but not limited to the Piskanja boron property) that Erin may have an interest in developing, and what actions Erin expects the Serbian government take regarding these projects of interest to Erin. On January 8, 2013, Erin Ventures Inc. (TSXV: EV) received an exclusive exploration license for additional territory within the Jarandol Basin in Serbia. The Jarandol Basin hosts two known borate deposits, the Piskanja boron property (already under license by Erin) and the Pobrdje boron mine (operated by the Serbian government-owned company - Ibar Mines). "The addition of the Jarandol Basin to our project is exciting for several reasons" said Tim Daniels, President of Erin. "First, our Piskanja borate deposit remains open and untested in two directions. The inclusion of this new exploration territory, which surrounds Piskanja, allows us to test beyond the borders of Piskanja and potentially increase its currently known size. Secondly, this license allows us to test the two and a half kilometers of unexplored land between Piskanja and Pobrdje to see if there is continuity between these two boron deposits. Finally, anecdotal reports cite the occurrence of boron in various other locations throughout the Basin, opening the possibility for us to locate yet undiscovered deposits." About The Jarandol Basin - The Jarandol Basin is a well-known historical mining district in southern Serbia which hosts two known boron deposits, an operating coal mine, and a (now depleted) magnesite mine. The Basin hosts excellent infrastructure for mining including local paved roads, rail, power, experienced miners, and sufficient support industries, located 250 km south of Belgrade by good paved roads. The Jarandol Basin is a Miocene age tertiary deposit located within the Vardar Belt of Neogene lacustrine deposits of evaporates. The Vardar Belt contains the world's richest borate deposits, including those found in Turkey, which are of similar genesis to the Serbia borate deposits.