Discovery Signs US$12 Million Term Sheet for WillaMAX Project With Focus on Near Term Gold and Copper Production Repayment

Discovery Ventures Inc. (TSX VENTURE:DVN) ("Discovery") is pleased to announce
that it has signed a non-binding term sheet for a US$12.1 million (the
"Principal Amount") gold prepayment agreement with a New York based financing
firm (the "Facility"). The Facility would bear interest at a rate of 9% per
annum on funds advanced and would be repaid by the delivery of 14,400 ounces of
gold and 900 tons of copper over a maximum 36 month period starting no later
than the 19th month following the closing date. The Principal Amount will be
provided in two tranches with the first tranche of $4.1 million provided at
closing and the second tranche of $8.0 million to be funded no later than 12
months after closing, subject to conditions precedent to be mutually agreed
upon. 


Proceeds from the Facility will be used to complete the acquisition of FortyTwo
Metals Inc. (including the MAX Mine, existing permits, mill/concentrator and tax
loss pools) and advance and develop the WillaMAX Project in British Columbia to
sustainable production as outlined in Discovery's Preliminary Economic
Assessment (PEA) Report dated May 26, 2014.


Subject to satisfactory legal and technical due diligence, the entry into of a
definitive agreement, and the completion of conditions to be contained in the
definitive agreement, the Facility is targeted to close by September 2014 and
will be secured by Discovery's assets. Discovery will enter an off-take
agreement for all production from the WillaMAX Project during the repayment
period.


The Facility was arranged by BayFront Capital Inc. and Discovery anticipates
paying a finder's fee of 5% in cash and in warrants of any amount drawn through
the Facility. Any agreement and the issuance of all fees and shares shall be
subject to the prior approval of the TSX Venture Exchange.


Discovery also anticipates strategic restructuring of both its management team
and board of directors when the Facility agreement closes. The changes are
expected to add significant leadership, technical expertise and experience to
the senior management team to maximize the consolidated value of the WillaMAX
project.


Akash Patel, President & CEO commented, "Discovery management is excited to
attract a gold and copper loan type financing to advance the WillaMAX Project
through to near term production. We believe that the agreement's repayment by
way of metal concentrates signals a very positive outlook of our project's
production potential."


Akash Patel, President and Director

Discovery Ventures Inc.

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.


This press release contains forward-looking information that involve various
risks and uncertainties regarding future events. Such forward-looking
information can include without limitation statements based on current
expectations involving a number of risks and uncertainties and are not
guarantees of future performance of the Discovery, such as the terms of the
financing in the term sheet, the timing of the closing of the Facility and the
use of proceeds from the Facility. There are numerous risks and uncertainties
that could cause actual results and Discovery's plans and objectives to differ
materially from those expressed in the forward-looking information, including:
(i) adverse market conditions; (ii) risks inherent in the mineral exploration
industry in general; (iii) inability of Discovery to complete any required
equity raises in connection with the debt Facility; (iv) the inability of
Discovery to enter into a definitive agreement with the lender; or (v) the TSX
Venture Exchange not approving the Facility or any required equity financing.
Actual results and future events could differ materially from those anticipated
in such information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates they
are made and are expressly qualified in their entirety by this notice. Except as
required by law, Discovery does not intend to update these forward-looking
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Discovery Ventures Inc.
(604)-818-1706


Discovery Ventures Inc.
Investor Relations:
Ron Birch
(250)-545-0383
Toll free: 1-800-910-7711