Duran Ventures Inc.

Duran Ventures Inc.

June 12, 2008 13:15 ET

Duran Ventures Increases Management Depth and Grants Options

TORONTO, ONTARIO--(Marketwire - June 12, 2008) - George A. Brown, CEO of Duran Ventures Inc. (TSX VENTURE:DRV), is pleased to provide the following corporate information. The Company is preparing for a dynamic future which will include the 100% ownership of the Peru assets after the proposed Business Combination expected to be completed by August 31, 2008.

The Directors of Duran have voted to amend the Board to six or seven all non-executive directors for the 2008 Annual Meeting of Shareholders to be held later this summer. The directors are actively seeking additional strong candidates to supplement the Board at the next AGM.

Mr. Dave Goldman has agreed to be a management nominee for director at the next AGM. Mr. Goldman has a degree from McGill University in Metallurgical Engineering and an MBA from Concordia University. Mr. Goldman occupied several senior management positions at Noranda Inc. over a period of 35 years including Executive Vice-President and Chief Operating Officer. Mr. Goldman is a director of SNC Lavalin Inc. and of Copernic Inc. The directors of Duran are very pleased to attract a candidate with the experience and background of Mr. Goldman.

Mr. George A. Brown has notified the board that he will not be a management nominee for director at the next AGM. Mr. Brown has also advised the board that he intends to step down as CEO of Duran within twelve months of the next AGM. He intends to concentrate his efforts during this period on recruiting a CEO and a President for the "New Duran" to be created after the Business Combination with MacMillan Gold Corp. (TSX VENTURE:MMG). Mr. Brown has indicated that he will be willing to serve as a non-executive director after he has resigned as CEO. Mr. Brown states that "I have been involved in Duran since June 2003 when it acquired the Peru property option and have watched it grow and develop for 5 years. It is now ready to begin a transition from an exploration company to a project development company. I look forward to watching Duran with pride the way a father watches his teenagers make their own life decisions."

The Board has accepted the resignation of Mr. Glenn O'Gorman as a director of Minera Aguila de Oro SAC in Peru and as a director of Duran effective June 30, 2008. This date represents the end of the twelve month term originally anticipated for Mr. O'Gorman to serve as a director. Mr. O'Gorman has agreed to continue to act as a consultant to the Company to provide continuity to the project until December 2009 and will retain his stock options. We wish to thank Mr. O'Gorman for his service to the Company.

Mr. Michael Kachanovsky has been retained as an Investor Relations consultant. His initial twelve month engagement provides for a monthly fee of $2,000 plus the grant of 100,000 stock options. Mr. Kachanovsky has a Bachelor of Science degree from the University of Toronto and offers a diversified background in communications. He has been a contributing writer for a number of publications specializing in investments and resource companies with his work also appearing on internet newsletter services. He is a founding partner of website www.smartinvestment.ca. His strong communication skills and working knowledge of the exploration industry will enable him to act as a strong liaison of information on behalf of the company. Mr. Kachanovsky will be involved in developing a website for Duran with our web designer scheduled for launch this month and will be responsible to respond to investor enquiries by phone and email on an ongoing basis.

Mr. Tom James, B.Com., MBA has been engaged as a financial advisor to the Company. Mr. James is the President and a principal of Granite Associates Ltd., a limited market dealer. His junior resource company experience includes being the former CFO of Liberty Mines Inc.

On June 9, 2008, the Company granted 525,500 stock options exercisable at $1.00 of which 62,500 expire December 31, 2008 and the remaining 464,000 expire June 9, 2011. Of these options, 262,500 are to three consultants; Mr. O'Gorman, Mr. Kachanovsky, and Mr. James mentioned above. The remaining 264,000 are to 14 individuals employed by or acting as consultants to Minera Aguila de Oro SAC in Peru. These grants are subject to regulatory approval.

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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