El Nino Ventures : and Puma Exploration Terminate the Murray Brook Purchase Agreement

August 4, 2020 Rockport, ON, Canada -- El Nino Ventures Inc. (TSXV: ELN; OTCQB: ELNOF; FSE: E7Q.F) and Puma Exploration Inc., PUMA-TSXV ('Puma'') have terminated the amended and restated asset purchase agreement signed on Oct. 5, 2016, as amended thereafter. Pursuant to the last amendment signed by El Nino and Puma, Puma had until July 31, 2020, to proceed with the final $1-million cash consideration or to agree on an alternative agreement to deal with the acquisition of the Project. Outside of the final cash payment to ELN, Puma has fulfilled its obligations during the execution of the purchase agreement and the parties will execute the requirements for termination.

In accordance with the terms of the Purchase Agreement, Puma hereby specifically recognizes that it shall transfer to ELN, at the latest on August 31,2020 and for no additional consideration, its 0.67 % NSR ('production royalty') on 100% of the Murray Brook Project and the Murray Brook East Property which are currently held by its wholly-owned subsidiary, Murray Brook Minerals Inc.

As a reminder, ELN also has an existing NSR for the life of the project as follows:

1) The NSR will start at 0.25% at a zinc price of US$1.04/lb and will increase in increments of 0.25%, to a maximum of 1.75% above US$1.50/lb Zinc.

2) This NSR, which is in relation to approximately 32% of the production from the Murray Brook Property, and includes the Mining Lease and the Murray Brook East Property, for the life of the Murray Brook deposit and any new discovery made on the total project.

3) On August 4, 2020 the price of Zinc was $1.04/lb USD according to Kitco.

In addition to the above, as a result of the termination Puma will deliver to ELN all geological information, reports, metallurgical tests and the surface copper zone drill sampling which represents about $2.4M in exploration work completed on the Murray Brook Project since ELN entered into the original sale agreement with Puma.

Stock Option Grant

The Company announces that it has granted 1,500,000 incentive stock options to directors, officers and consultants of the Company at an exercise price of $0.08 per share for a period of five (5) years from the date of grant in accordance with the Company's Stock Option Plan. The Stock Options granted will be subject to vesting restrictions, acceptance by the TSX Venture Exchange and will be subject to regulatory hold periods in accordance with applicable Canadian Securities Laws.

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