Duran Ventures Inc.

Duran Ventures Inc.

November 27, 2008 11:22 ET

Duran Ventures Reports Aguila Hole 12 Intersection of 278.3 Metres of 0.885% Copper Equivalent

TORONTO, ONTARIO--(Marketwire - Nov. 27, 2008) - George A. Brown, CEO, and Cary Pothorin, President, of Duran Ventures (TSX VENTURE:DRV) are pleased to provide the following update on exploration activities at the Aguila Cu-Mo Target in Ancash, Peru. Mr. Pothorin, P.Geo., is a Qualified Person as defined in National Policy 43-101 and is responsible for all technical information contained in this news release.

Each successive Aguila drill hole has provided data which has increased the known size of the Aguila Cu-Mo target. Completed and yet to be reported Holes 13 and currently ongoing Hole 14 are expected to continue to add to the known target size. The Company has advised Iguana Drilling that completion of Hole 14 will mark the termination of their contract. Suspending drilling at Aguila during these poor market conditions will significantly reduce the rate at which the Company expends its working capital. The Company intends to focus Aguila exploration on defining other Aguila style porphyry targets in the immediate Aguila area (Aguila East Target and Aguila SW Target) and elsewhere within the 9,800 hectare total exploration land position. Drilling is continuing at the Pasacancha Ag-Au-Pb-Zn Target and the Company will prioritize work to advance the Santa Rosa Gold Target to a drill ready stage.

Aguila Hole 12 was drilled on section 9950N to the southwest at an inclination of -60 degrees. The collar is approximately 100 metres to the southwest of the collar of Hole 11. The final length was 567.1 metres, which is a vertical depth of approximately 491 metres from the collar and 600 metres projected to surface from the bottom of the hole. Mineralized diorite porphryry intersected from surface to a depth of 281.2 metres returned values of 0.625% Cu and 0.026% Mo over the 278.3 metre assayed interval. Altered and mineralized quartzite and siltstone intersected from the porphyry contact to the final length of 564.2 metres returned an average of 0.112% Cu and 0.034% Mo over 285.9 metres. The grades over the complete intersection were 0.365% Cu and 0.03% Mo over 564.2 metres.

Hole 12 results summarized:
From To Length Rock Type Cu% Mo% Total Cu
(m) (m) (m) Equivalent
2.9 281.2 278.3 Diorite Porphyry 0.625 0.026 0.885
281.2 567.1 285.9 Quartzite & Siltstone 0.112 0.034 0.452
------ -------------------------
TOTAL 564.2 0.365 0.030 0.665

(i) Note: Total Cu Equivalent % is the sum of the Cu% plus 10 times the Mo%
based on an assumed 10:1 ratio of Mo to Cu selling prices (i.e. US$1.50 Cu
to US$15. Mo). Metallurgical recoveries and net smelter returns are assumed
to be 100%. These equivalent grades should not be interpreted as actual
grades since the conversion ratios vary with the volatile prices of Cu and
Mo and the economic recoveries of Cu and Mo can vary significantly in
actual extraction and processing. The current ratio is less than 10:1
however all previous holes have been reported with this ratio and the
Company feels this is still a reasonable long term ratio to use for this

Aguila Hole 13 was drilled to a length of 578.9 metres on section 10050N, approximately 50 metres to the southwest of the collar of Hole 8 (July 14 2008 news release - 522.3 metres averaging 0.626% Cu 0.049% Mo for 1.119% Copper Equivalent). The first 202 metres intersected mineralized diorite porphryry intrusive and the remaining 376 metres intersected altered and mineralized sedimentary wallrock with local narrow porphyritic dykes. Hole 13 was completed on November 7th and results are pending.

Aguila Hole 14 was collared south of section 10100N, approximately 125 metres to the northeast of Hole 8. It is being drilled to the southwest at an inclination of -60 degrees. This hole is designed to test the Aguila intrusive body further to the north. Drilling began on this hole on November 11th, 2008, and is at a depth of 451.8 metres as at 8:30 am November 27, 2008. To date, this hole has intersected mineralized diorite porphyry with minor monzonite porphyry.

All drill core was logged, photographed and split in half using a diamond saw. One half of the core was systematically sampled in three metre intervals and sent to the Lima laboratory of Inspectorate Services Peru SAC (a certified laboratory) 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 certified standards and blanks, duplicate sampling, secure care and custody of samples, and check sampling done by outside labs.

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

To view a Map of the Minera Aguila de Oro Aguila Project, please visit the following link: http://media3.marketwire.com/docs/AguilaProject.pdf.

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.

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