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:
July 10, 2007
Item 3: News Release:
A news release dated and issued on July 10, 2007 was disseminated through Stockwatch and Market News.
Item 4: Summary of Material Change:
El Nino Closes Placement for Gross Proceeds of $3,007,500.
Item 5: Full Description of Material Change:
July 10, 2007, Vancouver, BC – El Niño Ventures Inc. (“El Niño”) (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) ) is pleased to announce that further to its news release of June 22, 2007 the Company has closed its non-brokered private placement and has issued6,015,000 units at a purchase price of $0.50 per unit for gross proceeds of $3,007,500.
Each unit consisted of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.60 for a period of 18 months from closing.
In connection with this closing, the Company has paid an aggregate of $108,150 as a finder fee.
In compliance with Canadian securities laws, all of the securities issued in connection with this closing are subject to a hold period expiring on November 10, 2007.
About El Niño
El Niño Ventures is a mineral exploration company, whose corporate objective is to revisit former mining regions and apply the latest technologies to advanced stage exploration targets. In June 2007, El Niño will commence a 25,000 meter drill program on the Bathurst Mining Camp. EL Niño is presently in an aggressive acquisition phase to acquire more projects in the DRC.
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 10th day of July 2007.