Discovery Ventures and Roca Mines Announce Further Extension of Payment Terms With Respect to Acquisition of Max Mine and Mil...

Further to the news releases dated November 15, 2013 and January 8, 2014,
Discovery Ventures Inc. ("Discovery") (TSX VENTURE:DVN) and Roca Mines Inc.
("Roca") are pleased to announce they have further amended the letter agreement
dated November 4, 2013 (the "Agreement"), among Discovery, Roca and FortyTwo
Metals Inc., a wholly-owned subsidiary of Roca ("FortyTwo"). Pursuant to the
Agreement, Roca granted an exclusive option to Discovery, exercisable in three
stages, to acquire all of the issued and outstanding common shares of FortyTwo.
FortyTwo holds, among other assets, the Max Mine which includes an underground
molybdenum mine, crushing, milling and concentrating facilities, tailings
storage facilities, mineral claims, mining leases, licenses and other holdings
located near Trout Lake in the Revelstoke mining division of the Province of
British Columbia. The Max Mine is located approximately 135 kilometres from
Discovery's Willa Project and is a formerly producing molybdenum mine that
operated from 2007 until November 2011 when depressed metal prices led to its
closure.


The first stage of the option was exercised by Discovery on November 15, 2013.
The amendments to the Agreement have restructured the second stage of the option
into the following three payments:




--  payment of $250,000 on or prior to January 8, 2014 (paid); 
--  payment of $50,000 on or prior to March 6, 2014 (paid); and 
--  payment of $650,000 on or prior to March 24, 2014.



To exercise the third and final stage of the option, Discovery is required to
pay $3.3 million and issue 2.5 million shares of Discovery on or prior to April
5, 2014. Notwithstanding this time requirement, and pursuant to the amendment,
the parties to the Agreement have agreed to undertake commercially reasonable
efforts to close the Agreement and exercise the option in full on or prior to
March 24, 2014.


The Company's President, Akash Patel, commented: "We believe this extension will
give Discovery the extra time needed to close our anticipated equity and debt
financing and acquire the remaining shares of FortyTwo Metals Inc. that we do
not already own."


Akash Patel, President and Director

Discovery Ventures Inc.

This press release contains forward-looking information that involves 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
Discovery may exercise the option, or any stage of the option and acquire any
portion or all of the shares of FortyTwo. 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. 


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


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