May 5, 2011 (Canada NewsWire Group) --
CALGARY, May 5 /CNW/ - Erin Ventures Inc. [TSXV: EV] announces that it has received information that mineral concessions for the Santa Rosa Mine in Panama have been awarded to a third party despite Erin's claim to the assets. It is the opinion of Erin's management that there is clear evidence of inappropriate actions by certain government departments, giving this third party an improper and unfair advantage in the concession process (as reported by Erin in a news release dated December 15, 2010).
In light of this development, coupled with the recent "anti-mining" attitude developing within Panama, management of Erin feels it prudent to abandon all activities in Panama until further notice.
On behalf of the Board of Directors,
Blake Fallis, General Manager
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.
|For further information, please contact:||Erin's Public Quotations:|
|Erin Ventures Inc.||Canada|
|Blake Fallis, General Manager||TSX Venture: EV|
|Phone: 1-250- 384-1999 or 1-888-289-3746||USA|
|www.erinventures.com||SEC 12G3-2(B) #82-4432|
|Berlin Stock Exchange: EKV|