Ceramic Industry

Erin Receives License for Serbian Boron Property

September 2, 2010

Erin Ventures Inc. has been granted an exploration license for the Piskanja boron deposit in Serbia by the Serbian Ministry of Mining and Energy. The license covers an area of approximately 3 km2 and includes the entire known historical mineralized area, along with a substantial amount of previously unexplored ground. This development signals the return of the entire license area previously held by Erin Ventures.

Under Serbian law, a mineral exploration license is granted exclusively for a three-year period (extendable at the request of the license holder). Upon successful completion of the exploration program, the license holder has the sole right to apply for an exploitation (mining) license. Erin is planning an exploration program on the Piskanja deposit, which has a historical estimate of approximately 7 million tons grading 39% boron, with a goal of establishing a NI43-101-compliant resource.

For more information, visit www.erinventures.com.