DISCOVERY VENTURES INC. CLOSES WILLA PROPERTY ACQUISITION and ANNOUNCES RESOURCE ESTIMATE

Feb 20, 2013

VANCOUVER – Discovery Ventures Inc. (“Discovery” or the “Company”) (TSX VENTURE:DVN) is pleased to announce that further to its news release of November 19, 2012, the TSX VentureExchange (“TSXV”) has accepted for filing a transaction wherein the Company was granted an option to acquire an interest in the Willa property located in the Slocan Mining Division, British Columbia, south of the town of Silverton B.C. (the “Property”). Pursuant to the option agreement with 0951719 B.C. Ltd (the “Optionor”), the Company has issued the Optionor 1,000,000 common shares as an initial tranche to earn an interest in the Property. The hold period expiry date in respect of this initial tranche of shares is June 20, 2013.

The Willa Property is the subject of the National Instrument 43-101 technical report entitled “Technical Report On The Willa Deposit Slocan Mining District, British Columbia, Canada” dated November 23, 2012 and jointly authored by David K. Makepeace P.Eng. of Micon International Limited and Wayne M. Ash P.Eng. of Ash & Associates Consulting Ltd. (the “Technical Report”) both independent of the Company as defined under NI 43-101. The Technical Report has been filed on SEDAR (www.sedar.com) under the Company’s profile.

The Company advises that the Technical Report has upgraded the historical mineral resource announced in the Company’s November 19, 2012 news release from historical to a current mineral resource as defined by NI 43-101.

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