Discovery Ventures Announces Closing of Second Tranche of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR 
 DISSEMINATION IN OR INTO THE UNITED STATES

Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE:DVN) is
pleased to announce that it has completed the second tranche of a private
placement (the "Financing") of 8,385,666 units (each, a "Unit") at a price of
$0.15 per Unit for gross proceeds of $1,257,850. Each Unit consists of one share
of common stock of Discovery (each a "Share") and one-half of one
non-transferrable warrant (each whole warrant, a "Warrant"), with each Warrant
entitling the holder to purchase one additional Share at a price of $0.30 for a
period of three years. Discovery paid finder's fees of $29,160 and issued
warrants to purchase up to 203,400 Shares on the same terms as the Warrants to
two finders in connection with the Financing. 


Total gross proceeds of the two tranches are $2,453,549.95 providing a strong
foundation to complete the Company's planned acquisitions, advance production
planning and commence permitting work. The proceeds are intended to complement
proposed project financing for the WillaMAX Copper-Gold Project, as announced on
June 18th, 2014. 


All securities issued in connection with the Financing are subject to a
statutory four month hold period. None of the securities issued have been
registered under the United States Securities Act of 1933, as amended (the "1933
Act"), and none of them may be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the 1933 Act. This press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of the securities in
any state where such offer, solicitation, or sale would be unlawful.


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. 

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 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 inability of Discovery to
complete the remaining private placement; or (iv) the TSXV not approving the
private placement. 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Discovery Ventures Inc.
(604)-818-1706
[e-mail]
www.discoveryventuresinc.com


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