Erin Ventures Inc. to report that it has completed a Geological Elaborate for its Piskanja Boron Project in Serbia, which is the first of two technical reports required in order to be granted a mineral exploitation license. A Serbian compliant Geological Elaborate is a technical study which is of similar scope, content, and confidence level as a CIM compliant PEA. The purpose of an Elaborate is to demonstrate a mineral resource of sufficient quality, quantity and confidence level to establish a reasonable likelihood of economic exploitation.

An Elaborate is subject to review and vetting by a government chosen, independent committee of local mining experts. Upon the approval of an Elaborate, the Serbian Mining Ministry issues a "Certificate of Reserves" for the mineral deposit, as the first milestone towards an exploitation license. Erin's Piskanja Geological Elaborate repurposes data and analysis from its PEA, which was published on June 24th of this year.