El Nino Ventures Inc. 2004 Presidents Report – 2nd Quarter
Aggressive 2005 Acquisition and Exploration Program
Vancouver BC (ToenWave Media/PRWEB ) January 19, 2005 -- El Nino Ventures Inc. El Nino" www.elninoventures.com (TSX Venture: ELN.V). Over the past year the price of commodities has continued to escalate and management of El Nino Ventures Inc. The company is aggressively acquiring a diversified exploration portfolio. In the last quarter of 2004, El Ninos management has commenced the evaluation of several molybdenum, silver, and uranium prospects in North and South America. Management is also focusing on evaluating select advanced stage industrial mineral projects that could generate positive cash flow within three to five years. Management has commenced an aggressive acquisition and exploration program for 2005.
Molybdenum
El Ninos management believes molybdenum (moly) has been an under explored commodity in recent years and this metal has exceptional growth potential. Moly is a metallic element which is most frequently used as an addition in stainless steels, with an excellent versatility in alloys because its addition enhances strength, hardenability, weldability, toughness, elevated temperature strength and corrosion resistance. For further information on moly uses, please use the following link: http://www.imoa.info/Default.asp?page=74 .
Molys under explored status over the last ten years and the increasing demand for both moly and stainless steel are key and major reasons to target this element for exploration. As noted by the International Molybdenum Association, use last year was approximately 136,000 tonnes, and demand is growing by about 3% per year. As demand for moly moves ahead of supply, prices have also increased significantly. See Attached Chart
With the recent increase in price of molybdenum and projected growth demand, El Ninos Management plans to launch an aggressive molybdenum acquisition and exploration program in 2005. See recent story:
http://www.elninoventures.com/i/pdf/JKElnArticle_Jan042005.pdf
Silver
Demand for silver remains strong, exceeding supply in 2003 by approximately 34 million ounces, continuing a 15-year trend of supply deficit. With its applications for use in diverse fields such as industry, power transmission, medicine, and jewelry, El Ninos Management believes silver can be a significant growth commodity for the Company. Management is currently reviewing several silver projects and soliciting new silver project proposals for review.
For further information on silver market and demand trends, please use the following links: http://www.silverinstitute.org/supply/index.php and http://silver-investor.com/.
Uranium
The continual rise in the price of uranium and the expected maintenance and escalation of the world demand has prompted El Nino to begin a review of uranium properties for possible acquisition.
Key industry financiers, analysts and newsletter writers are calling for increased demand for new energy sources. Management is currently negotiating the acquisition of a portfolio of uranium projects in a former producing area in North America. For further information on uranium market and demand trends, please use the following links:
http://www.uxc.com/review/uxc_prices.html and http://www.uic.com.au/.
Acquisition of New Management
Management is currently interviewing experienced industry personnel with the objective of enhancing our team of professionals in order to accomplish our objectives in 2005 and beyond. We look forward to updating our shareholders on our new acquisitions and on the results of our 2005 exploration programs, as they become available.
On behalf of the Directors, Management, and Consultants of El Nino Ventures Inc., I would like to thank you, our shareholders, for your ongoing support. Mr. Wayne Shaw of our Investor Relations department can be reached by telephone at our North American toll free number at 1-800-667-1870 or 1-604-685-1870.
Harry Barr
President and CEO
El Nino Ventures Inc.
2303 West 41st Avenue
Vancouver, BC V6M 2A3
This document contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission. Not to be construed as an offer to buy or sell securities of El Nino Ventures Inc.
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