Discovery Ventures Announces Closing of Its First Tranche Private Placement and Payment to Roca Mine

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THE UNITED STATES.


Discovery Ventures Inc. ("Discovery") (TSX VENTURE:DVN) announces that it has
completed the first tranche of its previously announced private placement
financing (the "Financing"), as described in its news release of November 8,
2013, pursuant to which it has issued an aggregate of 4,779,000 units (each, a
"Unit") at a price of $0.21 per Unit for aggregate gross proceeds of $1,003,590.
Each Unit consists of one common share of the Company (each, a "Share") and one
share purchase warrant (each, a "Warrant"). One Warrant entitles the holder
thereof to purchase one additional Share at a price of $0.35 per Share for a
period of two years from closing of the Financing. All securities issued in the
Financing will be subject to a hold period that expires on March 16, 2014. In
connection with the closing of the Financing, Discovery paid a finder's fee of
$60,215.40 and issued 286,740 Warrants to one finder.


Discovery used part of the proceeds from the Financing to make a payment to Roca
Mines Inc. ("Roca") of $750,000 pursuant to a binding letter agreement dated
November 4, 2013 (the "Agreement") with Roca and FortyTwo Metals Inc., a
wholly-owned subsidiary of Roca ("FortyTwo"). Following the payment, Discovery
is deemed to have exercised the first stage of its option to acquire FortyTwo
and Roca must transfer 16% of the share capital of FortyTwo to Discovery. For
further information on the Agreement and FortyTwo, please see Discovery's news
releases dated November 6, 2013, announcing the entry into of the Agreement, and
November 7, 2013, announcing the conditional approval of the TSX Venture
Exchange of the Agreement.


If you would like to be added to Discovery's news distribution list, please send
your email address to [e-mail] or visit our website located
at www.discoveryventuresinc.com.


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 statement that
Roca must transfer 16% of the share capital of FortyTwo to Discovery. 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) the ability
of Discovery to exercise one or more stages of the option; (iv) the ability of
Discovery to raise sufficient funds to exercise one or more stages of the
option; (v) the risk in Roca receiving an offer to sell the shares of FortyTwo
that it is willing to accept in substitution of Discovery's option under the
Agreement; (vi) the risk in one or more creditors of Roca or FortyTwo placing
either entity into bankruptcy; (vii) inability to acquire permits or First
Nation support for mining operations with respect to the Willa Project or the
Max Mine; and (viii) latent environmental liabilities with respect to the Willa
Project or the Max Project. 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.
Ron Birch
Investor Relations
[phone] or [phone]
Toll free: 1-800-910-7711
www.discoveryventuresinc.com