Discovery Ventures Inc.

Discovery Ventures Inc.

July 09, 2015 08:30 ET

Discovery Ventures Inc. Appoints New CEO and Chairman of the Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 9, 2015) - Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:0DV)(OTCQX:DTVMF) ("Discovery") is pleased to announce that it has appointed Dan Omeniuk as Director, CEO and Chairman of the Board of Discovery, effective July 09, 2015. Dan is the president of Trappers Transport, a North American leader in providing temperature controlled transportation services. Dan is the founder of Trappers Transport and has led this company from being a small business to an industry leader over the last 30 years.

"I am honored to have been asked to take on this role, and excited about the possibilities for Discovery's future," said Dan Omeniuk. "Discovery's priority continues to be finalizing the 100% acquisition of 42 Metals Inc. It has created a strategic synergy by combining Discovery's existing Willa Project with the Max Mine processing facility. I look forward to working with the entire Discovery team as we work to carry out Discovery's business plan."

"Discovery is privileged that Dan Omeniuk, a person with such vast knowledge and experience, has accepted the appointment as Director, CEO and Chairman of the Board of Discovery," said Akash Patel, former Chief Executive Officer of Discovery. "We are very pleased that he has agreed to work with Discovery to develop its WillaMAX Project. His entrepreneurial leadership and experience ideally positions him to lead Discovery. I look forward to ensuring a smooth transition for the benefit of our employees and shareholders." Mr. Patel will remain as President of Discovery.

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,

Akash Patel, President and Director

Discovery Ventures Inc.

This press release contains forward-looking information that involve 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. 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: (i) adverse market conditions; and (ii) risks inherent in the mineral exploration industry in general. 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. Except as required by law, Discovery does not intend to update these forward-looking statements.

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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