Discovery Ventures Inc.

Discovery Ventures Inc.

November 05, 2015 08:00 ET

Discovery Ventures Inc. Receives Bulk Sample Permit from B.C. Ministry of Energy & Mines

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2015) - Discovery Ventures Inc. (TSX VENTURE:DVN)(FRANKFURT:0DV)(OTCQX:DTVMF) ("Discovery") is pleased to report that the company has been granted a permit by the BC Ministry of Energy & Mines to remove a bulk sample of up to 10,000 tonnes of ore from the Company's flagship property, the Willa project, near Silverton, British Columbia. The program is intended to investigate the metallurgical properties of the deposit, test extractive methods and test mill equipment at the Company's Max Mill processing facility at Trout Lake, British Columbia. Discovery now intends to submit a Notice of Work with the Regional Inspector of Mines in order to commence the work under the bulk sample permit.

Discovery intends to transport material from the bulk sample from its Willa property to Discovery's Max Mill processing facility at Trout Lake, British Columbia via truck. Dan Omeniuk, CEO of Discovery, commented, "This is a substantial milestone achieved in the exploration and development of the WillaMax Project. Receiving the bulk sample permit means the company can undertake extensive testing on a variety of fronts with respect to its Willa project. Management is very excited about reaching this goal in such a short period of time. There are few junior companies that become actual producers, and we are committed to joining that group."

Wayne M. Ash, P. Eng., a Qualified Person under NI 43-101 who has an arm's length relationship with Discovery, has read and approved the scientific and technical disclosure in this news release, and consents to the public filing of this news release.

About Discovery

Discovery Ventures Inc. is a gold, copper and silver mining company focused on the exploration and development of its WillaMAX project that is located in the Kootenay region of British Columbia. The company holds a 100% interest in four mineral properties in B.C., and is currently active on its Willa Property. Discovery's newly acquired Max Mine and Milling facility is located 135km north of the Willa Project site.

On behalf of the Board of Directors,

Dan Omeniuk, Chief Executive Officer and Director, Discovery Ventures Inc. Phone: 204-697-7740

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, including: (i) the intention to commence and finalize the bulk sample; (ii) transporting material to the Max Mill; (iii) the ability of the company to process material from the sample at its Max Mill; (iv) the intention to submit a Notice of Work; and (v) the intention to undertake additional testing on the Willa property. 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; (ii) Discovery's ability to raise additional capital; (iii) Discovery obtaining a new Preliminary Economic Assessment; and (iv) Discovery's ability to obtain all permits and consents from all third parties necessary to advance the WillaMax Project. 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.

Contact Information