Duran Ventures Inc.
TSX VENTURE : DRV

Duran Ventures Inc.

June 11, 2008 12:22 ET

Duran Ventures Corporate Update

TORONTO, ONTARIO--(Marketwire - June 11, 2008) - George A. Brown, CEO of Duran Ventures Inc. (TSX VENTURE:DRV), is pleased to provide the following corporate update.

The Business Combination with MacMillan Gold Corp. (TSX VENTURE:MMG) as announced in a joint news release April 3, 2008 is progressing on schedule for completion prior to the August 31, 2008 deadline as contained in the agreement (SEDAR filed April 10, 2008).

The joint venture agreement being prepared to formalize the existing 50:50 ownership of Minera Aguila de Oro SAC in Peru between MacMillan Gold Corp. (TSX VENTURE:MMG) and Duran is progressing well and is on schedule to be completed this month. The earn in by Duran of 50% of the Peru properties optioned from MacMillan Gold in June 2003 was completed in the quarter ended December 31, 2007 and Duran has received 50% of the shares of Minera Aguila, the Peru company with title to all the Peru properties under option.

The Quarterly Financial Statements to March 31, 2008 and the Management's Discussion and Analysis were filed on SEDAR on May 30, 2008.

Highlights include:

-$3,477,682 working capital including cash of $3,179,982 at March 31, 2008

-$1,000,000 additional working capital from private placement at $1.00 closed subsequent to March 31, 2008.

-$45,385 additional working capital from 300,000 RPT Uranium shares sold subsequent to March 31, 2008

-Expenses for first three months of 2008 of less than $25,000 per month to operate a public listed company net of non-cash stock based compensation expenses and interest income of approximately $7,500 per month

-$646,685 in exploration expenditures for the first three months of 2008 of which $262,403 is recoverable from MacMillan Gold. This recoverable becomes an eliminating entry upon completion of the proposed Business Combination

Peru progress update:

-Diamond Drill Hole 8 in the Aguila Cu-Mo Target is at over 460 metres of the 570 metres target length

-Tunnel sampling is continuing as scheduled at the Pasacancha Au-Ag-Pb-Zn Project

-Our existing B Permit has been extended to October 14, 2008 and approval has been received to add a second drill which will be contracted to commence drilling at the Pasacancha Target as soon as possible.

The Company is well funded to continue with the exploration plans for 2008 which includes significant drilling in Ancash, Peru at the Aguila Cu-Mo Project and at the Pasacancha Au-Ag-Pb-Zn Project.

Duran Ventures Inc. is a Canadian resource company listed on the TSX VENTURE 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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