Erin Ventures Inc. reported that the process to generate a Feasibility Study which conforms to Serbian mining laws has recently commenced for its Piskanja Boron Project. Review and approval of the Feasibility Study by the Serbian Mining Ministry is the final requisite in the mineral exploitation licensing approval process. A Serbian compliant feasibility study is of similar scope, scale and confidence level as a CIM compliant pre-feasibility study.

The Piskanja Feasibility Study will define the optimal development scenario for an underground mine, product beneficiation circuits, plant site, infrastructure, environmental safety, and a closure plan. The study will include a thorough analysis of all aspects of the project, and will incorporate data from several extensive, external studies, including Erin's recently completed Geological Elaborate. The study will be compiled by an independent, and highly reputable engineering group located in Serbia, and is expected to take 6 months to complete.