ELNOF Metalquest Mining Inc (PK)

September 12, 2013  Vancouver, Canada -- El Ni?o Ventures Inc. ("ELN"and the "Company") (TSX.V: ELN; Frankfurt: E7Q; OTCQX: ELNOF is pleased to announce that it has completed the first tranche closing of its non-brokered flow-through and non flow-through private placement for gross proceeds of $54,000.

The Company issued 2,500,000 non flow-through units (NFT Units) at a price of $0.02 per NFT Unit.  Each NFT Unit consists of one common share and one-half of one non-transferable share purchase warrant ("Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of 24 months from the closing date at a price of $0.05 per share during the first year and $0.10 per share during the second year.  

In addition, the Company issued 200,000 flow-through units ("FT Unit") at $0.02 per FT Unit.  Each FT Unit consists of one common flow-through share and one-half of one non-transferable, non flow-through, share purchase warrant.  Each Warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of 24 months from the closing date at a price of $0.05 per share during the first year and $0.10 per share during the second year. 

The private placement is in reliance on the temporary relief measures established by the TSX Venture Exchange (the "Exchange"), and is being conducted in accordance with the temporary relief criteria set out in the Exchange's bulletin of April 12, 2013, in relation to the extension and modification of temporary relief from certain pricing requirements (the "Temporary Relief Measures").  The Company has paid $280.00 and 14,000 warrants in finder's fees in connection with this first tranche Closing.  This private placement has been approved by the Company's board of directors, excluding those directors that may have a direct interest in the private placement.

The proceeds from the sale of the first tranche of NFT Units will be used as follows:

Pending Arbitration Costs:  $25,000

Legal Costs: $15,000

AGM Costs:  $10,000

Maintain 35% earned interest in Murray Brook project:  $4,000

Total:  $54,000

The Company confirms that no funds raised as part of the private placement will be used to pay any liabilities owed to any related parties in this Closing.  The shares issued with respect to the Offering will be subject to a four-month hold period in accordance with applicable Canadian Securities Laws. Completion of the Offering and any finder's fees payable is subject to regulatory approvals, including approval of the Exchange under Temporary Relief Measures.

About El Ni?o Ventures Inc. Bathurst Projects
 
El Ni?o Ventures Inc. has two active projects in the Bathurst Mining Camp:

1. Murray Brook Project
 
The Murray Brook Project is located 60 km west of Bathurst, in the northwest part of the Bathurst Mining Camp (Figure 1). The Murray Brook deposit is a zinc-lead-copper-silver massive sulphide which is the subject of a recently completed Preliminary Economic Assessment.  The project is supported by excellent infrastructure including paved roads, grid electricity and communities to provide goods, services and skilled labour.

ELN and VMC currently own 100% of the Murray Brook Project and VMC is the operator. VMC controls 65% and ELN controls 35%.

 Figure 1. Murray Brook Project and Camel Back property location map, Bathurst Mining Camp, New Brunswick.

To date, more than 28,000 metres of drilling has been completed on the Murray Brook Project.  The first NI43-101 mineral resource estimation and the first metallurgical results were published in press releases dated February 2012 and January 2013, respectively. On June 5, 2013 a positive Preliminary Economic Assessment was announced (see news release).  The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property.  The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of 11.4%, and a payback period of 5.4 years. The NI43-101 Technical Report is now filed on SEDAR and is also available on the ELN website (see http://www.elninoventures.com).

2. Bathurst Option Joint Venture
 
The BOJV project is a Tri?Party Agreement with Glencore Canada Corporation and VMC covering much of the area of the Bathurst Mining Camp in northeastern New Brunswick (Figure 1).  The project commenced in July 2009. VMC can earn 50% by spending $10 million over 5 years. VMC can further increase its interest to 70% by spending an additional $10 million over 2 more years. Exploration expenditures to date by VMC total about $6.7 million.  A $2 million dollar drill program was announced on September 10, 2013. (see news release).

BOJV project originally consisted of 4712 claims owned 50% ELN and 50% Glencore Canada Corporation and 2907 claims owned 100% by Glencore Canada Corporation, together with an Area of Interest in which ELN and Glencore Canada Corporation hold equal interest.  Due to the Area of Interest, the BOJV generates new projects for ELN at no initial cost.  An example of such project generation for ELN is the Murray Brook Project.
 
Votorantim Metals Canada Inc. Statement

Technical details in this news release were provided by VMC whose professional geologists conduct operations consistent with mineral industry best practices.  VMC accepts no responsibility for this news release or any inferences made from the technical details provided herein.

About Votorantim Metals Canada Inc.

VMC is a subsidiary of Votorantim Metais a company that is part of the Votorantim Group that was founded in Brazil in 1918. The Votorantim Group operates in twenty countries and has over 40,000 employees.  Votorantim Metais is the largest electrolytic nickel producer in Latin America and one of the world's leaders in the production of zinc, aluminum and nickel.   VMC in conjunction with Glencore Canada Corporation and El Nino Ventures is operator of the Bathurst Option and Joint Venture which is actively exploring for base metal deposits within the Bathurst Mining Camp.

About El Nino Ventures Inc.

El Ni?o Ventures Inc. is an international exploration company, focused on exploring for zinc, lead, copper, silver and gold in New Brunswick, Canada and copper in the Democratic Republic of Congo ("DRC").

On Behalf of the Board of Directors

"Harry Barr"

Harry Barr
Chairman & CEO
El Nino Ventures Inc.

Further Information: Tel: +1 604 685 1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C., Canada, V5Z 3X7


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.

Cautionary Note Regarding Forward Looking Statements. Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

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