Discovery Ventures Inc.

Discovery Ventures Inc.

August 28, 2014 08:00 ET

Discovery Ventures Inc. Commences 2014 Surface Mapping and Sampling Program at Willa

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 28, 2014) - Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:0DV)("Discovery" or the "Company"), is pleased to announce that it has recently commenced a surface exploration program at the Willa Project. The surface work includes geological mapping and sampling of bedrock exposures not previously mapped in detail. The work is being completed for Discovery by local geologist David Good, B.Sc.

2014 Willa Surface Exploration Program

The 2014 surface exploration work is focused on an 800-m x 600-m area to the south and west of the known Willa resource. Historic drilling in the vicinity suggests that the mineralization is open in that direction and the work is intended to assess that possibility. The area is steep and outcrop has not previously been mapped or sampled. Samples collected by hand will be submitted for geochemical analysis to test for anomalous zones of mineralization and the potential for an extension of the Willa mineralization. It is anticipated that in excess of 200 samples will be collected and submitted for analysis.

Willa 2004 Core re-Sampling

As reported previously, core collected from Willa in 2004 has now been safely transported to, and stored at the MAX site. The Company intends to re-sample selected intervals of the 2004 core to conduct new bench scale metallurgical test work and take other physical measurements from it, including tests for the mineralized zone's typical specific gravity. This confirmatory work is intended to demonstrate the validity of certain assumptions in engineering and design work emanating from test work completed by others in the 1980s and 1990s.

About Discovery Ventures Inc.

Discovery is an exploration and development stage company focused on the WillaMAX project which is prospective for gold. A summary of the project is provided in a recent WillaMAX Preliminary Economic Assessment (PEA) released May 26, 2014 as amended June 20, 2014 prepared by Wayne M. Ash, P.Eng. The WillaMAX project would combine the Willa copper-gold resource with processing facilities at the MAX Mine, both located in south east BC. Due diligence is underway for project financing that is anticipated to facilitate the completion of key acquisitions and advance engineering and permitting work for both sites. The MAX Mine acquisition includes existing permits, a modern mill & concentrator and sizeable tax loss pools.

Wayne M. Ash, P. Eng., a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects who has an arm's length relationship with the Company, has read and approved the scientific and technical disclosure in this news release, and consents to the public filing of this news release, to be released August 28, 2014.

On behalf of the Board of Directors,

Akash Patel, President, CEO 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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