Erin Ventures Announced Results of Preliminary Economic Assessment for 100% Owned Piskanja Boron Project - Video News Alert on InvestmentPitch.com

Vancouver, British Columbia--(Newsfile Corp. - September 19, 2014) - Erin Ventures (TSXV: EV) has announced the results of its Independent Technical Report and Preliminary Economic Assessment for the company's 100% owned Piskanja boron project, located in the Jarandol Basin, a historical mining region in Serbia, 250 kilometres south of Belgrade.

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The PEA, prepared by SRK Consulting (UK), reported the following highlights:

• Post-tax Net Present Value of US$428 million and an Internal Rate of Return of 64%, using a 10% discount rate
• Mine life of 21 years, with a projected payback of 15 months from startup
• Life of Mine mining production of 6.9 million tonnes with an average grade of 27.8% boric oxide
• Pre-production capital cost of US$84.6 million, including boric acid production plant and contingencies
• Average annual gross revenue of US$97 million
• Net operating margin of 68.7%, net of all operating costs
• Life of Mine all-in operating cost per tonne of product sold, post-tax, is US$165.75

Project economics were estimated assuming a constant price of US$400 a tonne for colemanite at 35% purity, a figure well below the recognized current market price of approximately US$500 a tonne, and US$800 a tonne for boric acid.

Although the term "boron" is common used, it does not occur in nature in an elemental state. Boron combines with oxygen and other elements to form boric acid and borite minerals such as colemanite.

Tim Daniels, President and CEO stated: "We are very pleased with the positive PEA for the Piskanja Project, our premier asset. It shows Piskanja as a robust, long life, low cost mining operation, and represents a significant opportunity for our shareholders. Piskanja is demonstrating the potential for both exceptional economics in the near term as well as future added value through the expansion of our known resource at Piskanja and the discovery of new resources within the Jarandol Basin. We look forward to advancing Piskanja through the next phase based upon the encouraging conclusions in the PEA."

The next phase of work comprises further data collection, inclusive of drilling and metallurgical testwork, followed by a pre-feasibility study.

The PEA is based on a NI 43-101 Mineral Resource Estimate dated October 2013, which is available on www.sedar.com.

According to a recent report by Merchant Research & Consulting, Asia and Latin America will be the driving force of borate minerals demand in near future with particular growth in agricultural, ceramic, and glass markets.

The U.S. Geological Survey's 2014 commodities report added: "Increased consumption of borates for fiberglass insulation is expected with European and emerging markets requiring more stringent building standards with respect to heat conservation."

Erin Ventures is trading at $0.065 and with 237 million shares outstanding, the company is capitalized at $15.4 million. For more information please refer to the news release on the company's website www.erinventures.com or contact Blake Fallis at 1-888-289-3746 or email info@erinventures.com.

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