VANCOUVER, April 25, 2012 - Discovery Ventures Inc. (the "Company") (TSX VENTURE:DVN) announces that further to its news release dated April 12, 2012 announcing the acquisition of the option to earn a 50% interest in the Big Creek property, the Company will make payments totalling $250,000 in expenditures and 1,200,000 common shares of the Company on or before July 1, 2014 to the vendor. This transaction is subject to TSX Venture Exchange approval.
The Company also announces that it will not be proceeding with the La Sarita property located approximately 20 kilometers southwest of Moctazeuma, Sonora, Mexico. The details of the option agreement were announced by the Company in its news release dated April 4, 2011.
About Discovery Ventures Inc.
Shares issued: 19,842,418
Discovery Ventures' mission is to explore for and develop gold, silver, and copper mineral deposits in the province of British Columbia, Canada. The Company is currently focused on two core assets including the Redbird/Rabbitt claims located in southern British Columbia in the Similkameen Mining Division; The Bralorne claims located in southern British Columbia in the Lillooet Mining Division who's mining camp historic gold production totalled 4.15 million ounces of gold from 52 separate veins.
If you would like to be added to Discovery's news distribution list, please send your email address to info@discoveryinc.com or visit our website located at www.discoveryinc.com.
ON BEHALF OF THE BOARD
Michael England President
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
Contact
Discovery Ventures Inc. Michael England, President 1-604-683-3995 or Toll Free: 1-888-945-4770 www.discoveryventuresinc.com
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VANCOUVER, April 25, 2012 - Discovery Ventures Inc. (the "Company") (TSX VENTURE:DVN) announces that further to its news release dated April 12, 2012 announcing the acquisition of the option to earn a 50% interest in the Big Creek property, the Company will make payments totalling $250,000 in expenditures and 1,200,000 common shares of the Company on or before July 1, 2014 to the vendor. This transaction is subject to TSX Venture Exchange approval.
