Discovery Ventures Inc.

Discovery Ventures Inc.

September 04, 2015 20:08 ET

Discovery Ventures Inc. Announced Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 4, 2015) - Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:ODV)(OTCQX:DTVMF) ("Discovery") is pleased to announce that it has entered into an agreement with one of its creditors pursuant to which it has agreed to settle debt in the amount of $127,500 in exchange for the issuance of 1,062,500 common shares at a deemed price of $0.12 per share. The proposed debt settlement is subject to the approval of the TSX Venture Exchange.

About Discovery

Discovery is an exploration and development stage company focused on the WillaMAX project that is prospective for gold. The WillaMAX project would combine the Willa copper-gold resource with processing facilities at the MAX Mine, both located in southeast BC.

On behalf of the Board of Directors,

Dan Omeniuk, Chief Executive Officer and Director, Discovery Ventures Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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