Duran Ventures Inc.
NEX BOARD : DRV.H

Duran Ventures Inc.

October 23, 2006 12:36 ET

Duran Confirms Depth Continuity of Aguila Deposit

TORONTO, ONTARIO--(CCNMatthews - Oct. 23, 2006) - Glenn O' Gorman, P. Eng., President of Duran Ventures Inc. (NEX:DRV.H), and David A. Bending, P.Geo., VP Exploration of Duran, both Qualified Persons as defined in National Policy 43-101 are pleased to provide the following drill core assay results from the Aguila Copper (Cu) Molydenum (Mo) Porphyry Project in Peru. Duran is earning a 50% interest in the 1,100 hectare Aguila Project in Ancash, Peru (News Release June 23, 2003) from MacMillan Gold Corp. (TSX VENTURE:MMG). The exploration work being reported was planned and supervised by Mr. Bending. All samples were delivered to BIS Inspectorate Laboratories in Lima, Peru for preparation and were subjected to AA analysis following Aqua Regia digestion. Many Cu and Mo results exceeded the ICP/AQR upper limits and were re-assayed using AQR/AA analyses at the BIS Inspectorate Laboratory in Reno Nevada.

These are the results of an ongoing surface and underground mapping and sampling program designed to define and develop the priority Cu-Mo targets on the Aguila Property. Duran's New Release 2006-05 dated October 18, 2006 reported that underground sampling of the Aguila tunnels beneath the historical open pit had confirmed the presence of significant continuous Cu-Mo mineralization in two perpendicular horizontal directions. The Aguila tunnel sampling in Diorite host rock reported 393.4 metres (m.) of 0.48% Cu and 0.027% Mo which included 270.4 m. of 0.61% Cu and 0.034% Mo. with the deposit still open to the north, east and west as the Aguila tunnels and adits ended in mineralized diorite.

The remaining half drill core from Rio Tinto Mining and Exploration ("RTZ") drill hole AGD-001 drilled in late 1998 has been quartered and re-assayed to confirm the historically reported 399.7 m. averaging 0.63% Cu and 0.04% Mo. (MacMillan Gold News Release June 9, 1999). This represents the entire 400.15 m. drill hole less the drill collar. Hole AGD-001 was drilled near vertically (-85 degrees) near the centre of the open pit bottom and was mineralized over the entire vertical extent of the hole which bottomed in mineralized diorite. RTZ's drill logs and assays for this hole have now been compared with Duran's re-sampling and re-assaying of the remaining drill core. The drill core re-sampled by Duran is missing 0.8 m. representing the drill collar and two sections which were used for metallurgical testing by RTZ as described below. The re-assay comparison to the RTZ historical assay data is presented in the table below:



------------------------------------------------------------------------
From To Metres Cu % Mo %
---- -- ------ ---- ----
------------------------------------------------------------------------
News Release
June 9, 1999 0.45 400.15 399.7 0.63 0.04
------------------------------------------------------------------------

------------------------------------------------------------------------
Duran Re-assay
Results
------------------------------------------------------------------------
Top Section 0.80 20.10 19.30 0.573 0.027
------------------------------------------------------------------------
Core not
available 20.10 21.70 1.60 RTZ metallurgical test
------------------------------------------------------------------------
Middle Section 21.70 254.10 232.40 0.651 0.040
------------------------------------------------------------------------
Including 112.00 143.20 31.20 0.845 0.068
------------------------------------------------------------------------
Core not
available 254.10 256.40 2.30 RTZ metallurgical test
------------------------------------------------------------------------
Bottom Section 256.40 400.15 143.75 0.631 0.046
------------------------------------------------------------------------
including 266.65 272.30 5.65 2.734 0.105
------------------------------------------------------------------------
And bottoming in 388.10 400.15 12.05 0.602 0.071
------------------------------------------------------------------------
Total Re-assayed 0.80 400.15 395.45 0.640 0.042 Excluding 3.9 m
------------------------------------------------------------------------


Drill hole AGD-001 lies approximately 60 meters north of Adit A and 60 meters west of the main north-south Aguila tunnel. These re-assay results coupled with the underground sampling of the Aguila tunnels indicate that the Aguila property has the potential to host an economic Cu-Mo deposit. Recent sampling confirms that the deposit extends at least 300 meters in the north-south direction, 100 meters in the east-west direction and to a depth exceeding 400 meters and is still open in several directions. These sampling results compare favourably with the available historical information and continue to support the company's plans for systematic drilling to explore the extent of this porphyry system.

The missing sections of drill core from AGD-001 were submitted by RTZ (Guizado Report 1998) to Univesidad de Atacama-Chile al Instituto de Investigationes Cientificas y Tecnologicas (INDITEC) for preliminary flotation tests. The testing was completed by Philippe Joy (project engineer) at INDITEC and documented that for 55% -200 grind, Cu/ Mo recoveries were 95.87% and 89.59% respectively, and that for 70% -200 grind Cu/ Mo recoveries were 97.19% and 92.13% respectively. These results suggest that conventional milling and flotation will be able to provide satisfactory recoveries. Further testing will be completed as warranted as the project evaluation work proceeds.

Mapping, surface and underground sampling of the Pasacancha Porphyry and Breccia which is located approximately 2 kilometers to the east of the Aguila Target has identified another mineralized target which will be subject to a systematic evaluation program. The Company plans to evaluate the Aguila, the Aguila East and the Pasacancha targets as part of the ongoing surface and underground work to outline new targets in this highly prospective 1,100 hectare property. The analytical results from all this work and the structural data developed by mapping and sampling of the adits has provided important information for planning and execution of the pending drilling program. The data will also be used in the eventual development of a 43-101 compliant resource estimate for the Aguila Property. Management is pleased with these results which aid to demonstrate the potential size and importance of the Aguila Property.

Surveying, mapping and sampling of the historical Pasacancha underground workings has been initiated with results to be announced once they have been processed and interpreted.

An independent 43-101 Summary Report on the Aguila Property can be found on MacMillan's website at macmillangold.com under "Other Properties - Peru". Duran also own a 100% interest in the Smoky Valley Uranium Project in Nevada (News Release October 4, 2005) and the 30,151 hectare Miller Creek Uranium Property in the Athabaska Basin of Saskatchewan (News release May 4, 2006). Work on the uranium projects is planned to commence after acceptance of the Company's listing application on the TSX Venture Exchange.

Duran Ventures Inc. is a Canadian resource company listed on the NEX Exchange: Symbol "DRV.H"

The NEX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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