Discovery Ventures Announces Clarification of News Article

Discovery Ventures Announces Clarification of News Article
  
 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 11, 2014) - Discovery Ventures Inc. ("Discovery" or the "Company") (TSX-VENTURE:DVN) announces that it wishes to clarify certain statements made in a news article issued by the Financial Press on June 5 entitled "Project's Combined Advantages Expected to Outshine Metals Market Volatility" (the "Article"). The Article should not be relied upon because the Company believes it contains inaccurate and misleading information regarding the Company's properties and it is not compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Company has requested that the Article be retracted but as statements from the Article may continue to be found in the public domain, the Company advises readers not to rely on any statements contained in the Article.

The Article contains statements regarding the economics and potential viability of the Company's WillaMax project. These statements are not supported by the Preliminary Economic Assessment (the "PEA") dated May 26, 2014. Readers should review the Company's news release dated May 28, 2014 for a summary of the results of the PEA. The economic analysis contained in the PEA is considered preliminary in nature. Mineral resources are not mineral reserves and have no demonstrated economic viability and there is no certainty that economic forecasts outlined in the PEA will be realized.

Technical contents of the WillaMAX disclosure in this news release have been reviewed and approved by Wayne Ash, P.Eng., a qualified person as defined by National Instrument 43-101.

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.

Discovery Ventures Inc.(604)-818-1706www.discoveryventuresinc.comDiscovery Ventures Inc.Investor Relations:Ron Birch(250)-545-0383Toll free: 1-800-910-7711