Duran Ventures Inc.
NEX BOARD : DRV.H

Duran Ventures Inc.

December 18, 2006 15:25 ET

Duran and MacMillan Gold Agree to Property Option Amendments

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - Glenn O'Gorman, President of Duran Ventures Inc. (NEX BOARD:DRV.H) is pleased to announce that Duran and MacMillan Gold Corp. (TSX VENTURE:MMG) have agreed to amendments to the existing June 23, 2003 Letter of Intent between the parties covering the property option agreement for the Aguila and Pasacancha Properties in Ancash, Peru (news release June 26, 2003). The amendments do not change the total cash or share considerations due to MacMillan Gold. The amendments set specific dates for MacMillan Gold to receive the remaining cash payments and the shares of Duran due to MacMillan Gold. The changes enable Duran to complete all of the cash and share issue earn-in provisions by December 31, 2007. The 50% earn-in by Duran will then be subject only to the completion by Duran of the cumulative US$1,000,000 of spending obligations.

Duran has agreed to pay MacMillan the remaining C$70,000 cash option payments as follows:

C$10,000 by December 31, 2006

C$20,000 by March 31, 2007

C$20,000 by June 30, 2007

C$20,000 by September 30, 2007

Duran has also agreed to issue the 1,000,000 common shares of Duran due to MacMillan Gold by December 31, 2006, subject to regulatory approvals. The shares are to be delivered in four certificates of 250,000 shares each. The four share certificates are to bear legend dates of April 30, 2007, June 30, 2007, September 30, 2007 and December 31, 2007 respectively. The current 14,348,660 common shares issued and outstanding will increase to 15,348,660 as a result of these amendments.

With these amendments, Duran expects to be able to complete the 50% earn-in on the Aguila Copper Moly and the Pasacancha Gold Silver Lead Zinc Properties in Ancash, Peru prior to the end of 2007.

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.

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