Discovery Ventures-First Tranche Financing and Plans to Advance WillaMAX Project

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


Discovery Ventures Inc. ("Discovery") (TSX VENTURE:DVN) announce that it has
completed a first tranche of a private placement (the "Financing") including
7,971,333 units (each, a "Unit") at a price of $0.15 per Unit for gross proceeds
of $1,195,699.95. 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
anticipates closing a second tranche on the same terms as the Financing.


Discovery intends to use the proceeds of the financing to advance the WillaMAX
Project, including; acquisition payments, ongoing engineering and design, and
for the preparation of various permit application for potential production. A
portion of the financing will also be allocated to general working capital. A
finder's fee was paid to one finder comprising $32,025 and warrants to purchase
up to 213,500 Shares on the same terms as the Warrants.


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 info@discoveryventresinc.com 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, such as statements that Discovery
is seeking additional financing and the anticipated use of proceed. 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


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

Discovery Ventures Inc. (TSXV:DVN)
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