EV Erin Ventures Inc

Orient Venture Capital Inc. (TSX VENTURE:OVC.P) (the "Company") is pleased to
announce that, further to its news release dated January 8, 2010 announcing its
qualifying transaction (the "Qualifying Transaction"), it has entered into the
following:




--  A subscription agreement (the "EV Agreement") with Erin Ventures Inc.
    ("EV"). Pursuant to the EV Agreement, the Company has agreed to purchase
    2,500,000 units ("EV Units") at $0.10 per EV Unit for an aggregate
    investment of $250,000 (the "EV Investment"). Each EV Unit is comprised
    of one common share of EV (an "EV Share") and one warrant (an "EV
    Warrant"), with each EV Warrant entitling the Company, on exercise, to
    acquire one additional EV Share at a price equal to $0.15. Erin agrees
    that it will file a Price Reservation Form with TSX-V to reserve the
    offering price of $0.10 per unit. However, if the Company does not
    complete the EV Investment before the expiry of the price reservation,
    the Company is entitled to subscribe at the unit price equal to the
    maximum allowable discount to the prevailing market price at that time,
    subject to a minimum unit price of $0.10 per unit, and the warrant
    exercise price will be equal to 150% of the unit price. The EV Agreement
    is subject to the approval of the TSX-V. The EV Shares and EV Warrants
    will be issued subject to a four-month hold period in accordance with
    applicable securities laws. The parties also agreed that EV will appoint
    a representative of the Company as an advisor to its Board of Directors
    to advise EV on financing and acquisition activities in the Asian
    market.
--  A subscription agreement (the "Pinestar Agreement") with Hedger Capital
    Inc. Hedger Capital Inc. is currently completing its own Qualifying
    Transaction to acquire Oretech Resources Inc. and will be changing its
    name to Pinestar Gold Inc. ("Pinestar"). Pursuant to the Pinestar
    Agreement, the Company has agreed to purchase such number of shares
    ("Pinestar Shares") at $0.25 per share (or such greater amount as is
    required pursuant to TSX-V policies, after applying the maximum discount
    available under such policies), for an aggregate investment of $150,000
    to $200,000, with the exact amount to be determined mutually by the
    Company and Pinestar (the "Pinestar Investment"). The Pinestar
    Investment is subject to the condition that Hedger Capital Inc. must
    have completed its Qualifying Transaction with Oretech Resources Inc.
    The Pinestar Agreement is also subject to the approval of the TSX-V. The
    Pinestar Shares will be issued subject to a four-month hold period in
    accordance with applicable securities laws. The parties also agreed that
    Pinestar will appoint a representative of the Company or the Company as
    an advisor to its Board of Directors to advise Pinestar on financing and
    acquisition activities in the Asian market.



The EV Investment, the Pinestar Investment and one other investment to be made
by the Company, together with the Company's previously announced investment in
RX Exploration Inc. will constitute the Company's Qualifying Transaction in
accordance with the policies of the TSX-V.


Upon completion of the Qualifying Transaction, the Company will be listed as a
Tier 2 Investment Issuer on the TSX-V focused on investing in private or public
companies whose businesses involve gold exploration, pre-production and other
precious and base metals as well as oil & gas & renewable energy opportunities,
which will be disclosed in the Company's filing statement and made available on
www.SEDAR.com. As previously announced in the Company's news release of January
11, 2010, the Company has engaged Haywood Securities Inc. to act as its Sponsor
for the Qualifying Transaction.


ABOUT ERIN VENTURES INC.

Erin Ventures Inc. (TSX VENTURE:EV) is an emerging international junior mining
and exploration company engaged in the acquisition, exploration, and development
of precious metal properties. EV's strategy is to uncover and capitalize on
unique development opportunities within different regions internationally. EV's
objective is to increase its mineral reserves by developing current properties
and through the acquisition of additional mining projects.


EV's wholly owned subsidiary, Balkan Gold, was recently granted an exclusive
exploration license for the Volujski Kljuc alluvial gold deposit in Serbia while
the parent company has entered into an agreement to purchase majority control of
the assets of the Santa Rosa Gold Mine in Panama. EV is also expanding
exploration activities at both the Ceibo Chico gold property in Belize, and the
Deep River gold project in North Carolina and expect to offset costs on both
properties through recently established gold production.


ABOUT PINESTAR GOLD INC.

Hedger Capital Inc. is a capital pool company listed on the TSX-V, which is
currently completing a Qualifying Transaction to acquire Oretech Resources Inc.
("Oretech") and will be changing its name to Pinestar Gold Inc. Following the
Qualifying Transaction, Pinestar will be carrying on the business of Oretech,
which includes identifying, acquiring and exploring mineral properties in Chile.
Pinestar will trade on the TSX-V under the symbol of "PNS". On June 29, 2009,
Oretech entered into an option agreement with Condor Resources Inc., a company
listed on TSX-V, pursuant to which Condor granted Oretech an option to acquire
up to a 70% interest in Condor's Becker Property, a prospective gold property
located in southern Chile. The Becker Property consists of eight exploration
concessions with first rights over approximately 1,800 hectares. Hedger Capital
Inc. filed the Filing Statement and Technical Report required by TSX-V regarding
its qualifying transaction on SEDAR on November 25, 2009 and anticipates
completing its qualifying transaction shortly.


ABOUT THE COMPANY

The Company is a CPC within the meaning of the policies of TSX-V. The Company
commenced operations when it completed its initial public offering; however, it
presently has no assets other than cash. Since the date of listing of the
Company's common shares on the Exchange, the Company has identified and
evaluated several businesses and assets with a view to completing a Qualifying
Transaction under the TSX-V's CPC policies. Trading of the common shares of the
Company on the TSX-V is currently halted and it is anticipated that trading will
remain halted until completion of the Qualifying Transaction.


Further information regarding the Qualifying Transaction is required to be
disclosed in a subsequent news release. Such news release will be issued in due
course.


Completion of the Transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and, if applicable pursuant to the
Exchange requirements, a majority of the minority shareholder approval. Where
applicable, the transaction cannot close until the required shareholder approval
is obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company, EV, Pinestar and the
Qualifying Transaction. These statements are subject to a number of risks and
uncertainties. Actual results may differ materially from results contemplated by
the forward-looking statements. When relying on forward-looking statements to
make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any
forward-looking statements, oral or written, made by itself or on its behalf.

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