Duran Ventures Inc.

Duran Ventures Inc.

June 03, 2009 12:48 ET

Duran Ventures Corporate Update

TORONTO, ONTARIO--(Marketwire - June 3, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) is pleased to provide this corporate update. The materials for the Annual and Special Meeting of Shareholders (AGM) being held at 1 pm on June 30, 2009 at the Toronto Board of Trade have been mailed and filed on SEDAR.com. These include the audited financial statements for the fiscal year ended December 31, 2008 which show cash of $1,010,090 and 2008 exploration expenditures of $4,822,965. The first quarter unaudited financial statements to March 31, 2009 have also been SEDAR filed. These show cash of $176,214 before the April close of the $527,750 financing and $468,890 of exploration expenditures in the quarter.

The directors nominated for re-election has been reduced from 7 down to 4 to more suitably reflect the size of the Company and the current scope of the Company's activities. We wish to thank Mr. David Goldman, Mr. David Libby, and Mr. Michael Gingles for their service to the Company.

Mr. George A. Brown has re-affirmed his previously announced commitment to step down as CEO within a year of the October 2008 AGM. The board of directors have appointed a search committee for a CEO. Mr. Brown has indicated that, if required, he is willing to be appointed Interim CEO after the June 30 AGM until a replacement is in place no later than October 2009. Mr. Brown has also indicated that once he has resolved his CTO, he intends to offer to continue to serve the Company as a director.

Duran is a junior resource company well positioned to take advantage of the rising commodity prices in both the base and precious metal markets. Duran's diversified properties (copper, moly, gold, silver) are located in the politically friendly, internationally respected and renowned mining country of Peru. In 2007, Peru was the source of more silver production than any other country in the world.

Duran is actively evaluating new prospects and targets throughout Peru. While the Aguila Deposit remains our flagship project, exciting opportunities are available in Peru for porphyry copper and precious metals projects. With the combination of Peru's excellent geological environment and our very capable team of Peruvian professionals, we are confident that 2009 will be a year of growth and opportunity for Duran in Peru.

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

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

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