DVN

Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE:DVN) is
pleased to announce that further to its news release of November 19, 2012, the
TSX Venture Exchange ("TSXV") has accepted for filing a transaction wherein the
Company was granted an option to acquire an interest in the Willa property
located in the Slocan Mining Division, British Columbia, south of the town of
Silverton B.C. (the "Property"). Pursuant to the option agreement with 0951719
B.C. Ltd (the "Optionor"), the Company has issued the Optionor 1,000,000 common
shares as an initial tranche to earn an interest in the Property. The hold
period expiry date in respect of this initial tranche of shares is June 20,
2013. 


The Willa Property is the subject of the National Instrument 43-101 technical
report entitled "Technical Report On The Willa Deposit Slocan Mining District,
British Columbia, Canada" dated November 23, 2012 and jointly authored by David
K. Makepeace P.Eng. of Micon International Limited and Wayne M. Ash P.Eng. of
Ash & Associates Consulting Ltd. (the "Technical Report") both independent of
the Company as defined under NI 43-101. The Technical Report has been filed on
SEDAR (www.sedar.com) under the Company's profile.


The Company advises that the Technical Report has upgraded the historical
mineral resource announced in the Company's November 19, 2012 news release from
historical to a current mineral resource as defined by NI 43-101.


The current mineral resource reported in the Technical Report is as follows:

Willa Measured Mineral Resources



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    Cut-off        Tonnage          Gold          Copper         Silver    
    (g Au/t)         (t)          (g Au/t)        (%Cu)         (g Ag/t)   
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      1.5         1,428,934         3.97           0.67           8.97     
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      2.5          814,970          5.52           0.84          10.55     
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      3.5          495,784          7.18           0.94          12.16     
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The Mineral Resource estimate within the Measured category based on a 3.5 g Au/t
cut-off was:

495,784 t grading 7.18 g Au/t, 0.94 %Cu and 12.16 g Ag/t.

Willa Indicated Mineral Resources



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    Cut-off        Tonnage          Gold          Copper         Silver    
    (g Au/t)         (t)          (g Au/t)        (%Cu)         (g Ag/t)   
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---------------------------------------------------------------------------
      1.5         1,200,508         2.96           0.49           7.46     
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      2.5          522,487          4.32           0.59          10.99     
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      3.5          262,415          5.71           0.67          13.26     
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The Mineral Resource estimate within the Indicated category based on a 3.5 g
Au/t cut-off was:

262,415 t grading 5.71 g Au/t, 0.67 %Cu and 13.26 g Ag/t.

There is a combined Measured and Indicated resource of 758,199 t grading 6.67 g
Au/t, 0.85 %Cu, and 12.54 g Ag/t. 


Willa Inferred Mineral Resources



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    Cut-off        Tonnage          Gold          Copper         Silver    
    (g Au/t)         (t)          (g Au/t)        (%Cu)         (g Ag/t)   
---------------------------------------------------------------------------
---------------------------------------------------------------------------
      1.5          915,727          2.19           0.32           5.18     
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      2.5          238,797          3.07           0.35           6.23     
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      3.5           73,591          3.39           0.29           5.42     
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The Mineral Resource estimate within the Inferred category based on a 3.5 g Au/t
cut-off was:

73,591 t grading 3.39 g Au/t, 0.29 %Cu and 5.42 g Ag/t.

The Technical Report reports that the companies that conducted the previous
exploration and development programs on the Property ensured that all work was
compiled and archived to the highest standard. The database used in calculating
the 2005 mineral resource estimate has been preserved, is fully intact, and has
been extensively reviewed by Mr. Makepeace and Discovery Consultants. A NI
43-101 mineral resource calculation was completed on the Willa Deposit by Mr.
Makepeace in 2003, based on the historic drilling. Mr. Makepeace also acted as a
supervisory consulting geologist during the 2004 diamond drill program, which
included 39 additional hole checks and twinning of holes. He also completed
several channel samples to re-confirm the mineralization and bulk sample results
in the West Zone. Finally, Mr. Makepeace updated the 2003 mineral resources in
2005. Mr. Makepeace undertook and is responsible for both mineral resource
estimates (2003 and 2005). 


The mineral resource estimates, which were valid in 2003 and 2005, have been
verified and remains valid under current standards and since no mining
production has occurred since that time, the 2005 mineral resource estimate is
considered current. 


The Willa deposit is located in the Central Kootenay District of south-eastern
British Columbia, Canada. It is approximately 425 km east-northeast of
Vancouver, British Columbia and 270 km west southwest of Calgary, Alberta. 


Bench-scale metallurgical testwork 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 property has been on care-and-maintenance since 2005. Re-activation of the
underground workings, environmental permitting and approvals, First Nation and
community engagement, re-evaluation of the mineral resources at different
cut-off grades, re-development of the mine design and re-evaluation of the
capital and operating costs must be completed before an economic assessment of
the deposit can be conducted. 


It is recommended that the next phase of work should include permits to re-open
the portals and inspect the underground workings to identify any ground control
issues. Additional permits will be required to improve the road access and
create the surface facilities to further re-evaluate the workings. A permit will
be required to obtain a bulk sample of the mineralized zones. Access to a mill
to undertake the bulk sample will be required. The present map accuracy is +/-
10 m from a BC TRIM dataset. A more detailed aerial topographical survey to
achieve a +/- 2 m accuracy map of the area for surface planning purposes and
future mineral resource calculations is required. This phase of work is
estimated to cost approximately CDN $606,000. 


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.


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 

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

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