Duran Ventures Inc.
TSX VENTURE : DRV

Duran Ventures Inc.

July 18, 2007 15:41 ET

Duran Announces $3,500,000 Private Placement Financing

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Glenn O'Gorman, President of Duran Ventures Inc. (TSX VENTURE:DRV), is pleased to announce a proposed $3,500,000 private placement financing, subject to regulatory approvals.

The proposed private placement is expected to raise up to $3,500,000 by issue of up to 3,500,000 common shares of the Company at $1.00 per share. Each share purchased in this private placement will come with one half-warrant. Each full warrant will entitle the holder to obtain one common share of the Company for $1.50 for a period of 18-months from the date of issuance of the warrants. The warrants will have a forced exercise provision, which allows Duran to news release an earlier expiry date for the warrants of 30-days from the news release date if the shares have traded for $2.00 or more for 20 consecutive trading days anytime after the mandatory 4-month legend period has elapsed. Finder's fees in cash, shares and broker warrants as allowed by the regulatory authorities may be paid pertaining to this private placement. Closing is expected to be by the end of July 2007. Three directors including the CEO have subscribed for $45,000 of this proposed financing. MacMillan Gold Corp. has also subscribed to this private placement for $175,000 to maintain their approximate 5% share position in Duran Ventures Inc.

Duran currently has 20,525,993 common shares issued and outstanding. Proceeds from this private placement will be used for working capital purposes and to fund Duran's work program requirements in Peru as we continue to earn our 50% interest in Minera Aguila de Oro SAC in Ancash, Peru from MacMillan Gold Corp. (TSX VENTURE:MMG). Duran continues to execute its diamond- drilling program in Peru (see June 28, 2007 news release).

Duran Ventures Inc. is a Canadian resource company listed on the TSX-V Exchange: Symbol "DRV".

The TSX-V exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this release

Contact Information