Discovery Ventures Inc.

Discovery Ventures Inc.

April 23, 2013 08:00 ET

Discovery Ventures Inc. Announces it has Entered Into Discussions With Roca Mines Inc. Regarding Asset Acquisitions

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 23, 2013) - Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE:DVN) is pleased to announce that it has entered into discussions with Roca Mines Inc. and commenced due diligence efforts with respect to the potential acquisition assets.

The permitting process for the development and rehabilitation of the Willa Deposit has been initiated. The Company expects to start work on the project as soon as permits to proceed are attained. The Wllia host a NI 43-101 compliant resource at a cut-off grade of 3.5 grams Ag/tonne (3.5 g/t), the Measured category of the Mineral Resource is 495,784 t with an average grade of 7.18 g Au/t, 0.94% Cu and 12.16 g Ag/t. The Indicated category at the same cut-off grade is 262,415 t grading 5.71 g Au/t, 0.67% Cu, and 13.26 g Ag/t, for a total mineral resource of the Measured and Indicated categories of 758,199 t grading 6.77 g Au/t, 0.86% Cu, and 12.54 g Ag/t. The Company has initiated several technical and corporate due diligence efforts on assets held by Roca Mines Inc., including its wholly owned subsidiary FortyTwo Metals Inc. the owner of the MAX Molybdenum Mine. MAX is a 500 tpd operation (currently on care and maintenance) located 125 km away from the Company's Willa Deposit that could serve as a potential site for the processing of mineralized material extracted from the Willa property.

The Company's President, Mr. Akash Patel states:

"Discovery Ventures recognizes that benefits may be realized by potential acquisitions of certain assets located in the vicinity of the Company's Willa deposit. The Company has commenced due diligence efforts to determine the viability of such acquisitions."

About Discovery Ventures Inc.

Shares issued 34,659,749

Discovery Ventures' mission is to explore for and develop gold, silver, and copper mineral deposits in the province of British Columbia, Canada. The Company is currently focused on the Willa deposit located 8km south of Silverton in the Slocan mining region; Other projects include Redbird/Rabbitt claims located in southern British Columbia in the Similkameen Mining Division; The Bralorne claims located in southern British Columbia in the Lillooet Mining Division and the Big Creek property located approximately 47 kilometres north east of the Taseko Mines Prosperity Porphyry copper deposit.

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Wayne Ash, PEng. is the Qualified Person for Discovery Ventures Inc. and has approved the technical disclosure in this news release.

AKASH PATEL, President

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

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