Duran Ventures Inc.

Duran Ventures Inc.

October 04, 2007 11:10 ET

Duran Reports 0.54% Copper Equivalence Over Entire 371 Metres of First Ever Diamond Drill Hole in Aguila East Target

TORONTO, CANADA--(Marketwire - Oct. 4, 2007) - Glenn O'Gorman, P. Eng., President of Duran Ventures Inc. (TSX VENTURE:DRV), and David A. Bending, P.Geo., VP Exploration of Duran, both Qualified Persons as defined in National Policy 43-101, are pleased to report the results from Hole 4 of the 2007 Phase 1 diamond drilling program at the Aguila Cu-Mo Project, Ancash, Peru. Duran is earning a 50% interest in the 1,100 hectare Aguila Project from MacMillan Gold Corp. (TSX VENTURE:MMG) (News Release December 18, 2006).

Three holes in the Aguila Cu-Mo Target and two holes in the Aguila East Cu-Mo Target have been completed to date. Holes 1 to 3 were drilled to the southwest within the mineralized Aguila porphyry body as part of a systematic northeast-southwest section across both the Aguila and untested Aguila East Cu-Mo Targets. Deepening of these holes is planned as part of the Phase 2 drilling program pending an evaluation of all the assays. The results of Holes 1 and 2 are summarized in Duran's September 6, 2007 News Release and the results of Hole 3 are in Duran's September 12, 2007 News Release.

Drill Holes 4 and 5 were drilled to northeast to evaluate the potential for economic mineralization within the untested Aguila East target. The Company is pleased to report that Hole 4 encountered mineralization throughout the entire length of the hole which terminated in mineralized porphyry short of target depth due to drilling equipment limitations. The entire length of Hole 4 averaged 0.343% Cu and 0.020% Mo over 371 metres which converts to 0.54% Total Copper Equivalence(i).

The mineralization which has now been identified from drill holes 1 through 4 to span a potential horizontal width below surface in excess of 500 metres and to depths in excess of 400 metres.

Hole 4 Weighted Averages

Rock Type FROM TO WIDTH Cu ppm Cu % Mo ppm Mo % Total Cu
(m) (m) (m) Equiv. %(i)

Porphyry 0.0 9.0 9.0 8,275 0.828 405 0.041 1.233
Quartzite 9.0 78.0 69.0 1,691 0.169 418 0.042 0.587
Quartzite 78.0 191.5 113.5 1,917 0.192 199 0.020 0.391
Qtz/Por/Bx 191.5 230.0 38.5 2,810 0.281 193 0.019 0.474
Breccia 230.0 260.0 30.0 6,854 0.685 91 0.009 0.776
Porphyry 260.0 308.0 48.0 7,072 0.707 81 0.008 0.788
Porphyry 308.0 371.0 63.0 3,371 0.337 71 0.007 0.408
TOTAL 0.0 371.0 371.00 3,435 0.343 198 0.020 0.543

Summary of Holes 1 through 5

Hole UTM East UTM North Elevation Azi- Dip Depth Cu % Mo % Total Cu
# m ASL muth Equiv. %(i)

1 205583 9050463 3939 225 -60 250 0.650 0.023 0.880
2 205540 9050445 3942 250 -60 530 0.338 0.023 0.568
3 205633 9050481 3944 250 -60 510 0.525 0.043 0.955
4 205700 9050517 3940 70 -45 371 0.343 0.020 0.543
5 205752 9050520 3993 70 -45 401 Not Yet Reported

(i) Note: Total Cu Equivalence % is the sum of the Cu % plus 10 times the
Mo % based on an assumed 10:1 economic ratio of Mo to Cu selling
prices (i.e. US$1.50 Cu to US$15. Mo or US$2.50 Cu to US$25. Mo or
US$3.50 Cu to US$35. Mo.). Metallurgical recoveries and net smelter
returns are assumed to be 100%. These Equivalence grades should not
be interpreted as actual grades since the conversion ratio varies with
the volatile prices of copper and moly and the economic recovery of
copper and moly can vary significantly in actual extraction and

The Company is extremely pleased with these results as they provide evidence that the Aguila target has the potential to become economically significant. The Pasacancha Ag/Au and base metal target discovered last year is located two km to the east of Aguila on the Company's adjoining property. A Phase 2 drilling program has been initiated to drill test the Pasacancha target and also to continue to expand the Aguila and Aguila East. A diamond drill has been sourced and a contract has been signed with Iguana Drilling SAC of Lima, Peru with drilling planned to commence later this month as soon as a new B permit is received from the granting authorities.

The exploration work as reported has been planned and is being supervised by Mr. Bending, P.Geo.. All samples are delivered to the Lima laboratory of Inspectorate Services Peru SAC (a certified lab) for preparation and multi-element ICP analysis followed by AQR/AA assaying for Cu and Mo. The company has a QA/QC protocol in place including the use of duplicate sampling by outside labs, certified standards and blanks and secure care and custody of samples.

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

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