E-Energy Ventures Inc. announced that the company has entered into a purchase agreement with a private company for acquiring a 10% interest in a ruby gemstone exploration property located within the Mpwapwa District of Tanzania. The Property is comprised of eleven Primary Mining Licenses covering 60.33 hectares land located in historical Winza Ruby, Sapphire mining area. The company has agreed to pay $400,000 for its 10% interest in the claims which shall entitle them to be paid a 10% royalty on the production of rubies from the claims. The Vendor holds a 100% interest in six of the claims with the balance of the claims are subject to an underlying purchase agreement with a balance of $1,850,000 to be paid on or before March 30, 2014 by the Vendor.

The Property is part of the historical Winza Ruby and Sapphire mining area where rubies were discovered in 2007 and the area got worldwide attention for exploration and mining of alluvial and hard rock rubies, sapphire and other gemstones.