SOURCE: Diversified Secure Ventures Corp

November 08, 2010 14:05 ET

Diversified Secure Ventures Corp (SRWY.PK) Announces Renegotiated Definitive Agreement on Hemlo "AURA" Gold Property in the Prolific Hemlo Gold Camp in Ontario and Acquires a 60 Percent Interest

TORONTO--(Marketwire - November 8, 2010) -  Edward Minnema, President and CEO of Diversified Secure Ventures Corp. (Diversified) (PINKSHEETS: SRWY) and International Explorers and Prospectors Inc.(Explorers) are pleased to announce that the parties have renegotiated the Definitive Agreement signed firstly on April 7, 2010 on the Hemlo "AURA" Gold Prospect in the prolific and active Hemlo Gold Camp in Northern Ontario. As a result of the signing of the revised Definitive Agreement Diversified will acquire a 60% interest in the property immediately upon the issuance of 1,000,000 shares of Diversified`s stock. Diversified will direct immediately its Transfer Agent to issue these shares to Explorers.

The Hemlo "AURA" property consists of approx. 360 acres of relatively under explored land. Based on some historical data obtained, the property has assayed soil samples of up to 2 grams per ton. The report also indicates potential drill hole targets. The property is bordered by Newmont Mining to the west and Metalcorp to the east. "We are pleased to have such notable neighbours," commented Mr. Minnema. Metalcorp recently announced some exciting news at their Hemlo East gold property including an ongoing aggressive drill program on which a decision to mine will be based. Other notable companies in the vicinity are Barrick Gold and Jiminex Inc. All the above mentioned companies are public companies and their activities and press releases can be viewed online.

"The property has road access and a rail system dividing it so it has excellent infrastructure. The area has hosted some very large gold mines. The Hemlo area is where the 23 million ounce Barrick-Hemlo Gold mine is located. The Hemlo "AURA" property is situated about 2.5 kilometres east of the Hemlo Mine. This will be the first of many properties the company plans to secure," further commented Mr. Minnema.

The revised terms of the new agreement are as follows:

1. DIVERSIFIED will initiate immediately to provide to EXPLORERS one million shares of DIVERSIFIED common stock as per the original agreement upon signing.
2. Upon the delivery of the stock certificate DIVERSIFIED will have an unencumbered 60% interest in the above mentioned claims.
3. Upon payment of $50,000 within 6 months of the signing date of this amendment or $100,000 within 12 months of the signing date of this amendment, as per the original agreement, DIVERSIFIED will own 100% of the aforementioned claims, effectively acquiring an undivided 100% right, title, and interest.
4. DIVERSIFIED also agrees to entitle EXPLORERS an amended 3% Net Smelter Royalty. DIVERSIFIED has the sole option to purchase 2% of the NSR for the following, $500,000 for the first percentage, $750,000 for the second percentage, leaving EXPLORERS with a NSR of one percent. The NSR is as defined in the original Definitive Agreement.
5. EXPLORERS agrees to assist DIVERSIFIED in the transfer of ownership to the Mining and Minerals departments of the province of Ontario to reflect the above changes when they have been completed.

Ed Minnema states: "We are very pleased with the ease of negotiations with the principles of Explorers, and extremely happy for Diversified and its shareholders, present and future, with the acquisition of its first asset. The terms are very favourable for Diversified but also enable Explorers to benefit from any future endeavours of the company." Also, Mr. Minnema wishes to emphasize that the agreement is not contingent on any work commitment whatsoever. Diversified will, as funds permit, engage in some sampling and assaying and beyond. Diversified will also entertain discussions with interested parties in respect to possible joint ventures.

With the price of gold reaching record highs, and Diversifieds` view that it will continue, the company is as a result presently focusing on acquiring gold properties which ensure merit and bluesky potential. As per the latest press release, negotiations are progressing well with respect to the SUNDANCE claims in Nevada.

In other company news, Edward Minnema has exercised a further 100,000 options at $0.10 for a total of 500,000 share options exercised.

About Diversified Secure Ventures Corp.
Diversified Secure Ventures Corp. is a junior public company creating a diverse range of business ventures which will appeal to a broad audience so the Company will grow together with those different sectors of the economy. The company currently has signed a definitive agreement on their first gold property, "the Hemlo Aura Gold property," in Northern Ontario. This area has hosted some very large gold mines including the 23 million ounce Barrick-Hemlo Gold mine.

Diversified also has an agreement with Mineral Resource and Technical Consulting Inc., a privately held Nevada Corporation. The focus of MRTC is to identify and acquire mining properties consisting of strategic minerals. Diversified Secure Ventures Corp. has the right to acquire a 35% interest in MRTC.

Diversified also owns the licensing rights to a patented proprietary technology which detects Foreign Object Debris (FOD), which costs the aerospace industry US$1.1-2 billion per year in direct costs and as much $21 billion dollars per year in indirect costs. The global licensing agreement provides that Secure may install, develop, produce, implement, market, promote, and ultimately sell the licensed patented system on a worldwide basis. Secure has access to all know how with regard to the Foreign Object Debris Technology.

In addition to exploring for gold, strategic minerals and owning the license for the patented technology, the company is currently investigating other business ventures. With an advantageous share structure and through the building of a solid management team, the company will endeavour to provide increased shareholder value and at the same time minimize dilution so as to provide maximum return for shareholders. We invite current and prospective shareholders to contact us and learn more about our company or visit us at: www.diversifiedsecureventures.com

Safe Harbour Statement:
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

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