DVN

Discovery Ventures Inc. ("Discovery", "DVN" or the "Company") (TSX VENTURE:DVN)
wishes to announce that further to its news release of October 18, 2012, it has
entered into a definitive option agreement (the "Option Agreement") with 0951719
B.C. Ltd (the "Optionor") to acquire up to an 80% interest in the Willa
property, consisting of 5,328 hectares located in the Slocan Mining Division,
British Columbia, south of the town of Silverton B.C. (the "Property"), subject
to the Optionor's underlying option agreement with and a 2.5% NSR in favour of
the registered owners (the "Option").


Pursuant to the Option Agreement, the Company may exercise the Option by
providing written notice of its intent to exercise the Option after making
certain payments and share issuances to the Optionor and incurring work
expenditures on the Property as follows: 




i.   upon execution of the Option Agreement: paying $50,000; 
ii.  within 5 business days of receiving approval of the transaction by the
     TSX Venture Exchange ("TSXV Approval"): paying $150,000 and issuing
     1,000,000 shares; 
iii. on or before the 1st anniversary of receiving TSXV Approval: paying
     $350,000, issuing 4,000,000 shares and incurring $500,000 of work on
     the Property; 
iv.  on or before the 2nd anniversary of receiving TSXV Approval: paying
     $1,000,000, issuing 6,000,000 shares and incurring $500,000 of work on
     the Property; 
v.   on or before the 3rd anniversary of receiving TSXV Approval: paying
     $1,450,000, issuing 7,000,000 shares and incurring $500,000 of work on
     the Property.  



Once the Company has exercised the Option, it has a right of first refusal to
purchase the remaining 20% interest held by the Optionor at fair market value,
thus giving the Company a 100% interest in the Willa project. 


If in the event there is a sale of mineralized material from the Property prior
to the exercise of the Option, the net proceeds, subject to the 2.5% NSR, shall
be divided between equally between the Company and the Optionor. After the
exercise of the Option, the net proceeds, subject to the 2.5% NSR, shall be
divided according to the parties' respective interests.


Since the early 1890's the Slocan mining region has hosted more than 20
mining/milling operations and some 200 additional mines that have shipped ore to
custom mills and smelters.


The mineral property consists of 5,328 hectares located 8 kms south of the town
of Silverton, B.C.. It is strategically located in one of the most highly
mineralized regions of British Columbia for both base and precious metals. The
Willa Deposit is situated in the southern portion of the Selkirk Mountains,
within the highly metallised Omineca Crystalline Belt, consisting of Paleozoic
and Mesozoic volcanic, sedimentary and plutonic rocks.


Completed underground mine workings consist of two adit levels, an internal
level with two declines and two raises connecting the levels. The main haulage
level (1025) runs for 900 meters and is equipped with 60lb rail. 


Cumulative historical exploration expenditures on the Willa project exceed $15
million. These expenditures were incurred by several operators, including
Noranda, Rio Algom, BP Minerals, Bethlehem Resources Corp., Northair Mines Ltd.
and Hudson Bay Mining & Smelting. Work completed includes 596 drill holes
totalling 189,000 feet (57,250 metres) of core drilling and 8,500 feet (2,575
metres) of underground workings, extensive geophysics and sampling consisting of
17,150 analyses for gold, copper and silver. A pre-feasibility study and a 550
tonne metallurgical bulk sample were completed in 2004.


The Companies that conducted the previous exploration and development programs
ensured that all work was compiled and archived to the highest standard. The
database has been preserved, is fully intact, and has been extensively reviewed
by Discovery and its geotechnical team. A NI 43-101 historical resource
calculation was completed on the Willa Deposit in 2005, as reported by David
Makepeace PEng. This resource used a 3.5 g Au/mt cut-off grade and only
considered measured and indicated categories. The resource is as follows:


2005 Technical Report (grade cut-off 3.5 g Au/mt):



----------------------------------------------------------------------------
Category            Metric tons   Gold (g/mt)   Copper (%)    Silver (g/mt) 
----------------------------------------------------------------------------
Measured            495,784       7.18          0.94          12.16         
----------------------------------------------------------------------------
Indicated           292,467       5.71          0.67          13.26         
----------------------------------------------------------------------------
TOTAL               788,251       6.63          0.84          12.57         
----------------------------------------------------------------------------



In 2003 a NI 43-101 resource was completed by Geospectrum Engineering (David
Makepeace PEng.) and is presented for comparative purposes. Other than the 2005
presented resource, there are no current compliant resources in the project. The
2005 and the 2003 resource estimates are considered to be "Historic Resources"
as they have not been confirmed or updated to meet a current NI 43-101 standard.



Discovery Ventures is not treating any of the 2005 and 2003 estimates as a
current NI 43-101-compliant resource. The Company has not yet undertaken the
work necessary to have the historical 2005 and 2003 estimates verified by a
Qualified Person. All other "reserves" and "resources" described and documented
by previous operators are considered to be "Historic Resources" under NI 43-101.
The properties will require future exploration and verification to convert
"Historic Resources" into current NI 43-101-compliant resources, which the
Company intends to carry out in due course. The historical estimates should not
be relied upon.


Of critical importance is that the geologic logging, drill hole surveying, drill
hole and underground assaying, or any of the metallurgical testing on the
deposit was not verified during the recent site visit by the Company's Qualified
Person. Thus, these 2003 "resource summaries" are not relevant or reliable and
presently only qualify under NI 43-101 Technical Report guidelines as "Historic
Resources." 


Resource figures based upon the Makepeace March 2003 Report, are as follows:

2003 Technical Report (grade cut-off 3.5 g Au/mt):



----------------------------------------------------------------------------
Category            Metric tons   Gold (g/mt)   Copper (%)    Silver (g/mt) 
----------------------------------------------------------------------------
Measured            487,989       6.77          0.97          11.59         
----------------------------------------------------------------------------
Indicated           292,457       5.31          0.65          11.94         
----------------------------------------------------------------------------
TOTAL               780,446       6.22          0.85          11.72         
----------------------------------------------------------------------------



2003 Technical Report (grade cut-off 2.5 g Au/mt):



----------------------------------------------------------------------------
Category            Metric tons   Gold (g/mt)   Copper (%)    Silver (g/mt) 
----------------------------------------------------------------------------
Measured            792,744       5.30          0.83          9.95          
----------------------------------------------------------------------------
Indicated           591,765       4.11          0.62          9.79          
----------------------------------------------------------------------------
TOTAL               1,384,509     4.79          0.74          9.88          
----------------------------------------------------------------------------



2003 Technical Report (grade cut-off 1.5 g Au/mt):



----------------------------------------------------------------------------
Category            Metric tons   Gold (g/mt)   Copper (%)    Silver (g/mt) 
----------------------------------------------------------------------------
Measured            1,364,879     3.89          0.68          8.80          
----------------------------------------------------------------------------
Indicated           1,316,763     2.91          0.51          7.05          
----------------------------------------------------------------------------
TOTAL               2,681,642     3.41          0.60          7.94          
----------------------------------------------------------------------------



The Resource estimates (Makepeace, 2003) were made with Surpac software, with:



--  Cut-offs of 1.5g/t, 2.5 g/t and 3.5g/t gold
    
--  Rock bulk density of 2.9 t/m3
    
--  Capping of erratically high gold assays to 34.3 g/t



The 2003 estimates were based upon a database including data from 556 core holes
totalling 50,890m, 2,570m of underground workings and 17,150 analyses for Au,
Cu, and Ag.


President of the company Akash Patel stated: "Discovery is very excited about
the opportunity to develop a project with the past developments including a NI
43-101 resource with a measured component. This resource along with the previous
exploration expenditures in excess of $15 million will be the foundation on
which to build the next phases of mine development."


Discovery Ventures' mission is to explore for and develop gold, silver, and
copper mineral deposits in the Province of British Columbia, Canada. Along with
the Willa deposit, the Company is also developing three other mineral projects
including the Redbird/Rabbitt claims located in southern British Columbia in the
Similkameen Mining Division; the Bralorne claims located in southern British
Columbia in the Lillooet Mining Division who's mining camp historic gold
production totalled 4.15 million ounces of gold from 52 separate veins; and the
Big Creek property located approximately 47 kilometres north east of the Taseko
Mines Prosperity Porphyry copper deposit.


If you would like to be added to Discovery's news distribution list, please send
your email address to info@discoveryventuresinc.com or visit our website located
at www.discoveryventuresinc.com.


Wayne Ash, PEng. is the Qualified Person for Discovery Ventures Inc. and has
approved the technical disclosure in this news release. 


AKASH PATEL, President 

This press release contains projections and 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 Discovery such as the statement that the
closing of the Agreement may occur and that the option may be exercised. 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 the inability to obtain exchange
approval or inability to close the agreement for any reason. 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Discovery Ventures Inc.
Akash Patel
President
1-604-818-1706
info@discoveryventuresinc.com
www.discoveryventuresinc.com

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