FORM 51-102F3
(Previously Form 53-901F)
Material Change Report
Item 1: Name and Address of Company
El Nino Ventures Inc.
2303 West 41st Avenue
Vancouver, BC, V6M 2A3
Item 2: Date of Material Change:
March 19, 2007
Item 3: News Release:
A news release dated and issued on March 19, 2007 was disseminated through Stockwatch and Market News.
Item 4: Summary of Material Change:
El Nino Ventures Inc. and CanAm Uranium Corp. (formerly Boulder Creek Exploration Inc.) announces that the first phase of a $500,000 work program will be commencing on the Bancroft Uranium Project.
Item 5: Full Description of Material Change:
March 19, 2007, Vancouver, BC – El Niño Ventures Inc. (“El Niño”) (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) andCanAm Uranium Corp. (OTCBB: CAUI.OB) (formerly Boulder Creek Exploration Inc.)are pleased to announce that the first phase of a $500,000 work program will be commencing on the Bancroft Uranium Project. This work program will consist of 1650 meters of drilling on a property that was once home to four past producing mines, producing a total of 14,862,653 lbs. U3O8 between 1956 -- 1982. Subject to results, a follow up drill program is planned.
This work program is the result of an agreement signed with CanAm Uranium formerly, Boulder Creek Exploration Inc. in November 2006. Under the terms of this agreement, El Nino will receive 275,000 shares of CanAm Uranium Corp., and cash payments totaling CDN $125,000. CanAm Uranium Corp. can earn in a 60 percent interest by committing CDN $1,000,000 over the next two years, and could earn up to 80 percent of the project by issuing a further 300,000 shares and spending an additional CDN $1,500,000.
About CanAm Uranium Corp.
CanAm Uranium Corp, is a Nevada incorporated junior resource company with a corporate objective focused on the strategic acquisition and development of exploration properties in well-known prolific mining areas, especially known for Uranium, of Canada, Southern Africa, Australia and the United States.
About El Niño Ventures Inc.
El Niño is an exploration stage company whose corporate objective is to revisit former mining regions and apply the latest technologies to advanced stage exploration targets. El Niño Ventures has entered into an Option / Joint Venture Agreement with Xstrata Zinc Canada to explore the world class Bathurst Zinc / Base Metals Mining Camp in Bathurst, New Brunswick, Canada.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102:
If this Report is being filed on a confidential basis in reliance on subsection 7.1(2) or (3) of National Instrument 51-102, state the reasons for such reliance.
Not Applicable
Item 7: Omitted Information
Not Applicable
Item 8: Executive Officer
Taryn Downing, Corporate Secretary
Telephone: 604-685-1870
Facsimile: 604-685-6550
Item 9: Statement of Senior Officer
Dated at the City of Vancouver, in the Province of British Columbia this 19th day of March 2007.