Erin Ventures Announces the Completion of a Geological Elaborate for its Piskanja Boron Project

VICTORIA, BC / ACCESSWIRE / December 5, 2022 / Erin Ventures Inc. [TSXV:EV] ("Erin" or the "Company"), an international mineral exploration and development company, is pleased 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.

Tim Daniels, President of Erin added, "Now that we have completed the Elaborate, efforts are underway towards completion of a compliant feasibility study over the coming months, which is the final step required to receive a mining 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.

About Piskanja Boron Project
Piskanja is Erin's wholly owned boron deposit with a Measured Mineral Resource of 1.39 million tonnes (averaging 35.59% B₂O₃), an Indicated Mineral Resource of 5.48 million tonnes (averaging 34.05% B₂O₃), and an Inferred Mineral Resource of 284.7 thousand tonnes (averaging 39.59% B₂O₃), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in Erin's report titled, "Technical Report and Preliminary Economic Assessment For The Piskanja Borate Project, Serbia, June 24, 2022". The responsible person for the PEA and the Mineral Resource Estimate contained within, is Prof. Miodrag Banješević PhD. P.Geo, EurGeol, a Qualified Person in accordance with the CIM Definition Standards on Mineral Resources and Reserves (CIM Standards), and independent of Erin Ventures.