Duran Ventures Inc.

Duran Ventures Inc.

August 28, 2007 13:01 ET

Duran Options 100% of JD Property in Toodoggone Area, BC

TORONTO, ONTARIO--(Marketwire - Aug. 28, 2007) - Mr. Glenn O'Gorman, P.Eng., President of Duran Ventures Inc. (TSX VENTURE:DRV) and a Qualified Person under National Instrument 43-101, is pleased to announce that the Company has entered into a property option agreement whereby Duran can earn an undivided 100% interest in the JD Property in the Toodoggone Area of British Columbia. The Property is located immediately north of the Toodoggone River in northern B.C. and consists of 8 claims blocks encompassing an area of 5,611 hectares.

The Toodoggone River area has been known since 1920 to host small high-grade epithermal deposits such as the Baker Mine, the Lawyer's Deposit, and the Shas Deposit. The most prominent development in the district is the South Kemess Porphyry Copper Gold Mine currently in commercial production. The known metallic mineral targets on the JD property are thought to have occurred in the Toodoggone volcanic sequence.

The JD property has been the subject of sequenced exploration programs since 1979 which were designed to define and develop epithermal gold and silver targets. Work on the properties was completed by Texasgulf Canada, Kidd Creek Mines, Energex Minerals Ltd., AGC Americas Gold Corporation, and Antares Mining and Exploration Ltd. The cumulative total drilling in the claims consists of 241 diamond drill holes totaling 19,658 metres. The most advanced target within the property is the Finn Zone, with a historically reported discovery hole grading 13.28 grams gold per tonne across 8.8 meters.

The following quote regarding the Finn Zone is from Minefile Number 094E 171 on the Government of British Columbia, Ministry of Energy, Mines, and Petroleum website at minefile.gov.bc.ca:

"The JD-Finn prospect is characterized by what appears to be a structurally controlled silicified zone. The zone is generally east-trending and carries gold-silver and native gold mineralization with associated galena, sphalerite, pyrite and minor chalcopyrite. The JD-Finn prospect represents a significant induced polarization chargeability anomaly covering an area of at least 500 square metres. There is a strong suggestion that the anomaly reflects the downdip alteration mineralization of the Gumbo zone of the JD-M2 prospect (094E 065). Sample 26008, taken in 1983, analysed 18.55 grams per tonne gold and 1348.0 grams per tonne silver. Another sample (25974) analysed 5.25 grams per tonne gold and 1790.0 grams per tonne silver (Assessment Report 11843). Trenching in 1988 uncovered several low to medium grade gold and silver mineralized intersections over 2 to 10 metres widths, in a mineralized area covering 500 square metres. One of the better intersections was from trench JD88-73 from which samples of sulphide-bearing quartz-calcite veins yielded 6.65 grams per tonne gold and 9.5 grams per tonne silver over 1.0 metre (Assessment Report 18015).
Sumac Mines Ltd. staked the property in 1971 and carried out soil sampling, magnetometer, geological mapping, some trenching and one diamond drill. Energex Minerals Ltd. optioned the claims in 1979 and sub-optioned the claims to Texasgulf which continued exploration including 15 drillholes. Energex worked the property in 1988 by 78 backhoe trenches, soil and rock sampling. In October 1994, AGC Americas Gold Corp. acquired the original JD claims from Energex and conducted geological mapping; induced polarization, soil and rock geochemical surveys; and 30 diamond drill holes. Drilling to 1995 indicates a possible resource on the Finn zone of 147,889 tonnes grading 4.40 grams per tonne gold (George Cross News Letter, No.9 (January 13), 1995). Work done in 1995 by AGC Americas Gold Corp., with support from the Explore B.C. Program, included geological mapping, collection of 2000 soil and 4000 rock samples, 40 kilometres of grid, 4,000 metres of trenching and 8,484.8 metres of diamond drilling in 103 holes, mostly (99 holes) concentrated on the Finn zone. This work indicated a gold-silver epithermal zone of sufficient size to warrant further work in 1996. Four holes drilled on the Schmitt and Woof zones yielded inconclusive results. Trenching and soil work were disappointing and inconclusive mostly due to extremely wet weather. Six new claims were staked along the property's east boundary (Explore B.C. Program 95/96 - M21). In 1996, AGC completed 59 holes for 6,100 metres on the Finn and Gumbo zones. The Gumbo zone appears to be the up-dip, western extension of the Finn zone. The company now believes they are targeting a structurally controlled 600 X 400 metre, east-west trending zone with a central (epithermal-style) brecciated and silicified gold zone, enveloped by a large stockwork zone of quartz carbonate veining with polymetallic disseminated and massive sulphides."

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Duran management are planning additional work designed to expand and quantify the precious metals targets and evaluate the potential for porphyry copper and gold systems.

The terms of the option agreement as tabulated below require Duran to spend $2,000,000 in exploration expenditures over a five year period, make a series of cash payments totaling $250,000 over a four year period, issue 200,000 common shares of Duran Ventures within 30 days of regulatory approval, and pay the Vendors four anniversary sums of $100,000 or the equivalent in Duran's shares over a five year period. The Property would then become subject to a 2.5% Net Smelter Return Royalty payable to the Vendors. Duran has the right to reduce this royalty to 1.0% for a payment of $1,500,00 prior to commencement of commercial production, or $3,000,000 thereafter.

Cash or
Due Dates Work Cash Share Equivalent
Requirements Payments Payments in Shares

Upon Exchange Approval $35,000 200,000
By First Anniversary $200,000 $35,000 $100,000
By Second Anniversary $300,000 $50,000 $100,000
By Third Anniversary $500,000 $60,000 $100,000
By Fourth Anniversary $500,000 $70,000 $100,000
By Fifth Anniversary $500,000

Totals $2,000,000 $250,000 200,000 $400,000

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.

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