Duran Ventures Inc.

Duran Ventures Inc.

December 21, 2009 14:42 ET

Duran Completes Private Placement

TORONTO, CANADA--(Marketwire - Dec. 21, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) announces that it has completed the non-brokered private placement financing (the "Offering"), previously announced on December 11, 2009, for gross proceeds of $60,000.

The Offering consisted of the issuance of 400,000 Units at a price of $0.15 per Unit, with each Unit consisting of one Duran common share and one warrant entitling the holder to purchase an additional common share of Duran at an exercise price of $0.20. The warrants will expire twelve months from the date of issue. The Offering also included a provision for a finders fee payable at a rate of up to 10% of gross proceeds from share unit sales or in equivalent common shares at a rate of up to 10% of the number of share units sold. The Company will pay a total cash fee of $6,000 in regards to the Offering. The securities issued in connection with the Offering are subject to a four month hold period from the date of issue.

Duran now has 90,961,612 common shares issued and outstanding.

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

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are disclosed in the Corporation's documents filed from time to time with the TSX Venture Exchange and, among others, the Ontario Securities Commission as well as under the heading "Risk Factors" in the Company's annual and interim Management Discussion and Analysis.

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

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