El Niño Provides Notice to Votorantim to Enter Into an Option on the Murray Brook Deposit, Bathurst Mining Camp, New Brunswick

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[{"type":"text","content":"\n\n\n\n Jan. 20, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX.V: ELN\nFRANKFURT: E7Q\n\n\nVANCOUVER, Jan. 20 /CNW/ - El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; Frankfurt:\n E7Q) is pleased to announce that it has provided notice to Votorantim Metals\n Canada Inc. (Votorantim) to enter into an Option Agreement on the\n Murray Brook Deposit, situated in the Bathurst Mining Camp in New\n Brunswick, Canada.\n\n\nOn November 1st, 2010 Votorantim entered into an Option and Joint\n Venture Agreement with Murray Brook Minerals Inc. (MBM) and Murray\n Brook Resources Incorporated (MBR) concerning the Murray Brook Mining\n Lease No. 252 and the Camel Back Claims Block No. 4925 (the\n Properties).  The properties are situated between the Caribou and\n Restigouche mine sites about 60 km west-southwest of Bathurst, New\n Brunswick (Figure 1 http://www.elninoventures.com/s/NewsReleases.asp?ReportID=438573).\n\n\nUnder Votoratim's  Option and Joint Venture Agreement with MBM and MBR,\n Votorantim can earn a 50% interest in the Properties, by funding\n $2,250,000 in exploration expenditures and making payments totalling\n $300,000 over a three year priod commencing November 1, 2011.\n Votorantim can earn an additional 20% interest in the Properties by\n funding an additional $2,250,000 in exploration expenditures over an\n additional two year period.\n\n\nUnder the provisions set forth in the existing tri-party Joint Venture\n agreem...

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