Discovery Ventures Inc.

October 26, 2011 03:01 ET

Discovery Ventures Inc. Announces the Appointment of A New President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2011) - Discovery Ventures Inc. ("Discovery", "DVN" or the "Company") (TSX VENTURE:DVN) is pleased to announce the appointment of Mr. Mike England as President and Chief Executive Officer. Mr. England has extensive experience in resource company management, venture capital financing, and mergers and acquisitions.

Mr. England became involved in the public markets in the early 80's, becoming licensed and working with firms such as Richardson Greenshields and RBC Dominion Securities. Since 1995, Mr. England has been involved with public companies and holds or has held various corporate directorships. In this capacity, he has been instrumental in numerous mineral and resource property acquisitions and financings and has raised in excess of $30 million to date for exploration and acquisitions.

Mr. Mike England states, "I am quite excited and up for the challenge of taking Discovery on. I am pleased to have joined the management team of DVN. Having recently completed a full due diligence of the properties, I am excited about the potential that exists."

The Board would also like to thank Mr. David Rees for his contributions in advancing the Company, and wish him well in his future endeavours.

About Discovery Ventures Inc.

Shares issued: 19,169,315

Discovery Ventures' mission is to explore for and develop gold, silver, and copper mineral deposits in the province of British Columbia, Canada, and Sonora, Mexico. The Company is currently focused on three core assets including the 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 who's mining camp historic gold production totaled 4.15 million ounces of gold from 52 separate veins; and the La Sarita mining concessions located 100 miles south of the US/Mexico border, 20 km southeast of the town of Moctezuma.

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Michael England, President

This press release contains projections and forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery such as the statement that the closing of the Agreement may occur and that the option may be exercised. There are numerous risks and uncertainties that could cause actual results and Discovery's plans and objectives to differ materially from those expressed in the forward-looking information, including the inability to obtain exchange approval or inability to close the agreement for any reason. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

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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