DVN

Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE:DVN) The
Company is pleased to announce that due to high interest in its private
placement, it is further increasing the amount offered from the increased amount
announced December 3rd of up to 8,818,000 units to up to 9,568,000 units
effective December 4, 2012.  The price of $0.25 per unit and other terms of the
offering will remain the same with each unit comprising of one common share and
one share purchase warrant with an exercise term of 5 years along the pricing
schedule as indicated below.  As with the original offering, a finder's fee of a
combination of cash, shares and/or warrants may be paid to eligible finders in
relation to this financing, all in accordance with regulatory policies.  The
increase in the private placement is subject to approval by the TSX Venture
Exchange.  The Company intends to use the proceeds of the offering towards
general working capital and its exploration projects.


The Company further wishes to announce that it has closed the 1st tranche of the
private placement consisting of 7,108,000 units for an aggregate gross raised
amount of $1,777,000. The Company's news release of November 26, 2012 announced
the original offering of up to 8,000,000 units at $0.25 per unit, where each
unit consists of one common share of the Company and one share purchase warrant
with a 5 year term at the exercise price of $0.35 per common share in the first
year, $0.40 per common share in the second year and $0.45 per common share from
the third to fifth year. The hold period expiry date in respect of the shares
comprising the units and the shares issued upon exercise of the shares purchase
warrants related to the 1st tranche is April 1, 2013. In connection with the
closing of the 1st tranche, finders received an aggregate of $165,650 and
622,600 compensation warrants.


About Discovery Ventures Inc.

Discovery Ventures' mission is to explore for and develop gold, silver, and
copper mineral deposits in the province of British Columbia, Canada. The Company
is currently focused on four core assets including the Willa deposit located 8km
south of Silverton in the Slocan mining region; 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.


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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