DISCOVERY VENTURES ANNOUNCES CONDITIONAL APPROVAL FROM TSXV OF PROPOSED ACQUISITION OF MAX MINE AND MILL

Nov 7, 2013

VANCOUVER – Discovery Ventures Inc. (“Discovery”) (TSXV: DVN) is pleased to announce it has received conditional approval from the TSX Venture Exchange with respect to the binding letter agreement dated November 4, 2013 (the “Agreement”). Pursuant to the terms of the Agreement, Roca Mines Inc. (“Roca”) has granted an exclusive option to Discovery to acquire all of the issued and outstanding common shares of FortyTwo Metals Inc., a wholly-owned subsidiary of Roca. As discussed in Discovery’s news release dated November 6, 2013, 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.

Akash Patel, President of Discovery stated, “We are very excited about the proposed acquisition of the Max Mine and Mill complex and the strategic synergies that may result by combining Discovery’s existing Willa Project with the Max Mine processing facility.”

http://www.discoveryventuresinc.com/s/news.asp?DateRange=2013/01/01…2013/12/31