Update on the Acquisition of the Murray Brook Property by Puma Exploration
TSXV: ELN OTC Pink: ELNOF FSE: E7Q
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UPDATE ON THE ACQUISITION OF THE MURRAY BROOK PROPERTY BY PUMA EXPLORATION
March 30, 2017 Vancouver, BC - El Niño Ventures Inc. ("ELN" or the “Company”) (TSXV: ELN; OTC Pink: ELNOF; FSE: E7Q) EL Nino Ventures is pleased to provide an update of the acquisition of the Murray Brook Deposit in the Brunswick Mining Camp (BMC). By mutual agreement, the closing date for this acquisition (See Press Release Oct 13th, 2016) has been postponed to April 30th, 2017. To demonstrate that PUMA is confident that the deal will close, the Company is providing to El Nino an additional deposit in the amount of CAD $90,000 to be credited against the Closing Cash Consideration for the acquisition of the Murray Brook Property. In the event that the transactions contemplated in the Asset Purchase Agreement does not close on or before April 30th, 2017 the deposit will be retained by the vendor. This extension will allow Puma Exploration to satisfy the requirements for the acquisition.
The Murray Brook property consists of Mining Lease 252 and contiguous Mineral Claim Block 4925 (245 claims) located 4 km west of the producing Caribou Mine, which is owned and operated by Trevali Mining Corporation. With the purchase of the Murray Brook Deposit and Murray Brook Minerals inc., Puma will hold significant assets in the Bathurst Mining Camp, which has produced over 120 million tons of ore since the opening of the Brunswick No.12 Mine.
El Nino will continue to maintain its current interest in the Bathurst Zinc Project - Bathurst Option Joint Venture (BOJV) also located in the Bathurst Mining Camp.
For more information on the Company please go to www.elninoventures.com.
On Behalf of the Board of Directors,
“Harry Barr”
Harry Barr Chairman & CEO El Niño Ventures Inc.
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.
ELN NEWS RELEASE March 1, 2017