Duran Ventures Inc.
TSX VENTURE : DRV

Duran Ventures Inc.

August 28, 2009 13:16 ET

Duran Completes $1,000,000 Financing

TORONTO, ONTARIO--(Marketwire - Aug. 28, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) is pleased to announce that the financing announced August 25, 2009 was over subscribed and has been completed for $1,000,000 subject to regulatory approvals.

On August 5, 2009, the Company issued 4,564,800 shares and warrants exercisable at $0.10 until August 5, 2011. These shares and warrants are restricted until December 6, 2009. On August 26, 2009 the Company issued 15,435,200 shares and warrants exercisable at $0.10 until August 26, 2011. These shares and warrants are restricted until December 27, 2009. The expiry date of the 20,000,000 warrants are the earlier of the April 2012 dates above or thirty days after a news release announcing an earlier expiry after the shares have closed at $0.15 or more for ten consecutive trading days after the December 2009 restriction dates as mentioned above.

Duran now has 84,582,012 common shares issued and outstanding at August 28, 2009.

Subcriptions included 940,000 units subscribed by three directors and three senior officers.

Finder's fees in cash or shares as allowed by the regulatory authorities will be announced after final regulatory approval expected on or by September 1, 2009.

Proceeds will be used for working capital purposes and to fund Duran's work program requirements.

Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "DRV".

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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