Duran Ventures Inc.

Duran Ventures Inc.

December 15, 2006 09:31 ET

Duran Completes Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Dec. 15, 2006) - Glenn O'Gorman, President of Duran Ventures Inc. (NEX:DRV.H) is pleased to announce the completion of the private placement financing, subject to regulatory approvals, with terms as news released December 6, 2006. The private placement was over-subscribed within 24 hours. In order to adhere to NEX regulations, Duran will close the private placement at the $500,000 maximum currently allowed.

Duran has accepted private placement subscriptions for $500,000. The financing consists of shares at $0.25 with a full warrant exercisable at $0.35 for twelve months and exercisable for an additional twelve months at $0.50 subject to regulatory approval and listing on the TSX Venture Exchange. The current 14,348,660 common shares issued and outstanding will increase to 16,492,660 representing an increase of 2,144,000 including finder's fees of 144,000 common shares to be issued subject to regulatory approval. The current 3,033,333 warrants exercisable until February 16, 2007 at $0.25 will increase by the 2,000,000 warrants as described above. There are currently no stock options granted under Duran's stock option plan.

The private placement financing has been subscribed to by all six directors as follows:

George A. Brown CEO and Director 100,000 units
Glenn O'Gorman, P.Eng. President and Director 20,000 units
David Bending, P.Geo. VP and Director 20,000 units
John Thompson, P.Eng Director 20,000 units
Jeff Reeder, P.Geo. Director 20,000 units
Joseph Del Campo Director 20,000 units
200,000 units representing
10% of the financing

The financing is expected to close the earlier of TSX Venture listing or February 16, 2007, which is one year from our previous NEX approved private placement financing.

Duran is a resource company advancing through exploration properties of merit with which to build shareholder value. The Company will use the proceeds of this financing for corporate working capital requirements and to demonstrate compliance with the cash requirements for a TSX Venture listing. The company has received an independent listing property of merit report prepared under National Instrument 43-101 guidelines on its Aguila Copper Moly and Pasacancha Gold Silver Lead Zinc Properties in Ancash, Peru for a listing application on the TSX Venture. Duran expects to complete earning a 50% interest in the Aguila and Pasacancha from MacMillan Gold Corp. (TSX VENTURE:MMG) prior to the end of 2007.

Duran is also pleased to announce that the $100,000 cash and 200,000 common shares of Rampart Ventures Ltd. (TSX VENTURE:RPT) due on close have been received for the Miller Creek Property Option according to the terms as news released November 7, 2006. Rampart is required to spend $3,000,000 to earn a 70% interest of which $400,000 is to be spent by February 10, 2008.

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

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