DVN

Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE:DVN) The
Company is pleased to announce that it has closed the 2nd and final tranche of
its previously announced private placement. The second tranche consisted of
2,460,000 units raising a further $615,000 for the Company. 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 2nd tranche is
April 8, 2013. In connection with the closing of the 2nd tranche, finders
received an aggregate of $47,000 and 188,000 compensation warrants.


It total, the Company raised an aggregate gross amount of $2,392,000 through the
sale and distribution of 9,568,000 units at a price of $0.25 per unit, each unit
comprising of one common share 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.


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
1-604-818-1706
info@discoveryventuresinc.com
www.discoveryventuresinc.com

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