Durango Capital Corp.

Durango Capital Corp.

June 18, 2008 13:30 ET

Durango Enters into Agreement to Acquire Big Bulk Copper-Gold Project, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2008) - Durango Capital Corp. (TSX VENTURE:DGO) ("Durango" "the Company") is pleased to announce that it has signed an agreement (the "Agreement") with Teck Cominco Limited ("Teck Cominco") (TSX:TCK.A)(TSX:TCK.B) to acquire a 100% interest in Teck Cominco's Big Bulk Property, subject only to certain back-in rights and a royalty reserved to Teck Cominco with respect to the Property. The Teck Cominco Big Bulk property is situated within the boundaries of the Durango Hastings project, located south of Stewart, British Columbia.

This Agreement completes Durango's goal of consolidating the entire Big Bulk Gold-Copper Porphyry System under its control and adds the Teck Cominco portion of the Big Bulk property to the 2008 drilling and exploration season, set to begin in early July.

The Teck Cominco property is extensively mineralized at surface and a number of bulk tonnage copper-gold targets were identified in work completed by Teck Cominco in 2002. Limited drill testing was completed in 2003 by Canadian Empire Exploration Corp. on a portion of the Teck Cominco Big Bulk property, the results of which have been reviewed by Durango geological staff and incorporated into the 2008 exploration plans.

Under the terms of the Agreement, Teck Cominco has granted Durango the option to acquire a 100% interest in the Property (reserving a back-in right and a 2% NSR royalty to Teck Cominco) by incurring $1,000,000 in expenditures on the Property prior to December 31, 2010. The first $100,000 is a committed expenditure in 2008 and the remainder is optional with a total of $350,000 being required by the end of 2009 to maintain the option. Durango also will also issue 300,000 units to Teck Cominco with each unit consisting of one Durango share and one warrant, each warrant entitling Teck Cominco to purchase one Durango share at a price of $0.50 for a period of 24 months. The Agreement is subject to the approval of the TSX Venture Exchange.

After Durango earns the 100% interest, Teck Cominco shall retain a one-time right to earn back a 60% interest in the Property which it may exercise anytime after Durango earns its interest and up to 90 days after the Durango delivers notice that it has expended an aggregate of $10 million on the Property.

Upon election to exercise its Back-in Right Teck Cominco can earn the 60% interest by incurring expenditures equivalent to two times Durango's expenditures on the Property. If Teck Cominco earns back the 60% interest in the Property it shall extinguish the NSR.

Clinton Smyth (Pr. Sci. Nat., SACNASP) is Vice President, Exploration for Durango Capital Corp. and is the Qualified Person for the Company under National Instrument 43-101.


Karl Kottmeier, President

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

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