DVN

Discovery Ventures Inc. ("Discovery", "DVN" or the "Company") (TSX VENTURE:DVN)
wishes to announce that the Company has received conditional acceptance of the
acquisition of mineral claims located in the Slocan mining district of British
Columbia known as the Willa deposit. The mineral property consists of 5,328
hectares and is located south of the town of Silverton, B.C. (the "Property").
In furtherance of TSX Venture Exchange approval of share issuances to the
optionors of the Property subsequent to the completion of the Phase 2 and 3 work
programs under the option agreement, the Company is seeking shareholder approval
at its AGM scheduled for February 15, 2013 for share issuances that would
increase the shareholdings of the optionor above 20% of the issued shares of the
Company.


The Company's submission of the acquisition included a NI43-101 Geological
Technical Report completed by Wayne M. Ash, P.Eng of Ash & Associates Consulting
Ltd. and David K. Makepeace, P.Eng. of Micon International Limited. 


The deposit has been extensively explored and developed by several operators,
including Noranda, Rio Algom, BP Minerals, Bethlehem Resources Corp., Northair
Mines Ltd. and Hudson Bay Mining & Smelting. An extensive database is under
review which covers work that includes 596 drill holes totaling 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. 


Bench-scale metallurgical test-work was conducted by three companies including
Lakefield Research, Gary Hawthorn (Northair Group) and PRA Labs between 1985 and
2005. The results of locked-cycle tests indicated recoveries of 81% Au and 93%
Cu. A concentrate grading 24% Cu was projected from a mineral head grade in the
order of 7.0 g Au/t and 0.9% Cu.  


The Company has initiated the permitting process in anticipation of the final
TSX-V approval and initiating work at Willa in early spring. Work will include
determination of all the permits required for further exploration and
development at the Property and bulk sampling, and also include commencement
with permit applications and negotiations.  


Company president Akash Patel comments, "With the Willa deposit having had
historical exploration expenditures of approximately CDN$ 18 million to develop
it to its present status, we believe the project will offer Discovery Ventures
shareholders significant value in today's exciting gold market." 


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.


David K. Makepeace, P. Eng. and Wayne M. Ash, P.Eng. are the Qualified Persons
who have reviewed and approved the technical data 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.


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 totaled 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.


Shares issued: 33,659,749

FOR FURTHER INFORMATION PLEASE CONTACT: 
Discovery Ventures Inc.
1-604-818-1706
www.discoveryventuresinc.com

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