Erin Ventures Inc. appointed Mr. Paolo Bonini to its Board of Directors. Mr. Bonini is an economist and business professional with 18 years experience in the boron industry. Mr. Bonini has successfully served on the management team of Società Chimica Larderello S.p.A. since 1994.

He joined SCL as the Chief Financial Officer before being promoted to General Manager in 1999, and ultimately the Chief Executive Officer in 2001, the position he continues to hold. Mr. Bonini will also serve on the company's audit committee. Mr. Bonini replaces Dr. Dragosavljevic on the Board.

Dr. Dragosavljevic has resigned as the result of a ruling by the Serbian authorities which prohibits him from having a business relationship with Erin for a two year period after leaving his government position.