Erin Ventures Proposes Royalty Interest Financing

Victoria, British Columbia CANADA, May 12, 2014 /FSC/ -Erin Ventures Inc. [TSXV: EV] proposes to raise up to $5 million through the sale of royalty interests in its Piskanja boron property.  Erin intends to sell units at a price of $1.00 per Unit.  Each Unit will consist of one common share at a price of $0.06 per share, a share purchase warrant with an exercise price of $0.40 and a term of 3 years (subject to an accelerated exercise provision if the shares trade above $0.50), and $0.94 of the Unit price will be allocated to the purchase of a proportionate gross sales royalty ("GSR") interest in the Piskanja property.  Five million units will represent a total of a 5% GSR interest.  The aggregate GSR will be reduced to 1.25% after the GSR holders have received a 200% pay out.

Erin will have the right to buy back the GSR interests either for cash or for shares and two-year warrants.  The purchase price for the GSR interest will be 200% of the cost in the first two years, increasing by 50% of the cost each year thereafter to a maximum of 350%.  If the buyback is for shares, the share price will be a 15% discount to the then market price (subject to the market price achieving certain minimum amounts) and the warrant exercise price will be 150% of the then market price in the first year and 200% of the market price in the second year.  GSR holders will have the right to convert their GSR interest into shares of Erin on each anniversary date of the GSR agreement for four years.  The conversion rate will be 200% of the cost for the first two years, increasing by 50% of the cost each year thereafter to a maximum of 300%, reduced by the amount of all royalties paid or accrued prior to conversion, and the shares will be issued at a 5% discount to the then market price (subject to the market price achieving certain minimum amounts).

Erin intends to use the proceeds from this financing to fund exploration and other expenses on its wholly owned Piskanja boron project in Serbia, and for working capital.  Finder's fees of up to 7% may be paid in cash.

This proposed financing is subject to the approval of the TSX Venture Exchange.  There is no assurance that Erin will receive Exchange approval for this transaction or that it will be able to complete the proposed financing in whole or in part.

On behalf of the Board of Directors,
Blake Fallis, General Manager

About Erin Ventures Inc.

Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia and gold assets in North America. 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.

Piskanja is a high-grade boron deposit with a NI 43-101 compliant mineral resource of 5.6 million indicated tonnes (30.8% B2O3), in addition to 6.2 million inferred tonnes (28.8% B2O3).

For further information, please contact:

Erin Ventures Inc.
Blake Fallis, General Manager
Phone: 1-250- 384-1999 or 1-888-289-3746
info@erinventures.com
www.erinventures.com

Erin's Public Quotations

Canada
TSX Venture: EV

USA
SEC12G3-2(B)#82-4432
OTCBB:ERVFF

Europe
Berlin: EKV

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.

Forward Looking Statements:

This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the timing of future mineral resource estimates and the PEA, estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and future production and is based on current expectations that involve a number of business risks and uncertainties. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements.  Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, as well as those factors discussed in the section entitled "Risks of the Business" in the Company's most recent regulatory filings which are posted on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities law. These and other factors made in public disclosures and filings by the Company should be considered carefully.

To view the press release as a PDF, please click on the following link:
http://www.fscwire.com/sites/default/files/news_release_pdf/erinventures05122014.pdf



Source: Erin Ventures Inc. (EV - TSX-V) http://www.erinventures.com
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