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Message: Erin Starts Exploration Program on Serbian Gold Property

Erin Starts Exploration Program on Serbian Gold Property

posted on Feb 24, 2010 06:34AM

ERIN VENTURES INC. ("Erin")
NEWS RELEASE - For Immediate Distribution

Erin Starts Exploration Program on Serbian Gold Property

February 23, 2010
Erin Ventures Inc. [TSX-Venture: EV] reports that its wholly owned
subsidiary, Balkan Gold, has commenced its exploration program on the
Volujski Kljuc ("VK") alluvial gold deposit in Serbia, including preparation
for a bulk sampling program anticipated to begin near the end of March 2010.
The goal of the bulk sampling program is to determine the extent of the
potential for commercial gold production.

This initial exploration program will consist of sampling gravel from a
series of pits on a grid pattern over an identified potential higher grade
zone of the deposit to verify recoverable gold grades and to define the
physical parameters required for mechanical mining of the deposit. A small,
gravity separation test plant is being fabricated in order to conduct this
due diligence. Erin intends to immediately apply for a mining license if
test results confirm commercially viable grades in sufficient quantities.

About Volujski Kljuc
Volujski Kljuc is a large, low-grade alluvial gold deposit that includes a
significant higher grade zone. The VK exploration license covers
approximately 24.4 square kilometres of the Pek River valley in eastern
Serbia. The exclusive exploration license can be converted to an
exploitation license by Erin on successful completion of an exploration
program. VK is readily accessible by paved highway, 160 km from the capital
city of Belgrade. All services are available in the town of Kucevo
approximately 6 km from the property.

The Pek River drainage system has been known to carry gold values since
ancient times. Records show that various mining operations over 17
cumulative years recovered approximately 2,300 kg of gold (60,000 ounces,
worth US$66,000,000 at current gold prices) with the first production in
1905 and the last in 1941*.

Through to 1989, 3435 drill holes were completed on the property:
Calculations completed in 1951 identified 29 million cubic metres of
auriferous gravel grading 0.17 g Au/cubic meter from surface to bedrock.
Further exploration by Serbia's copper conglomerate, RTB Bor, in the late
1980's resulted in over-all grades being increased significantly to 0.29 g
Au/cubic metre from surface to bedrock. Erin's visual examination of the
recovered gold from this testing reveals the absence of fine gold, which may
be a result of inefficient recovery and sampling techniques. Detailed
examination of the drill records clearly shows a zone that carries
significantly more gold than the average grade throughout the valley*.
[*This historic resource is included only for reference to previous
exploration, and is not intended to indicate a current resource]

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

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
OTCBB: ERVFF
Europe

Berlin Stock
Exchange: EKV

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