DRV Duran Ventures Inc.

Duran Ventures Inc. (TSX VENTURE:DRV)(BVL:DRV) ("Duran" or the "Company") is
pleased to announce the appointment of Mr. Alex Black and Mr. David Prins to its
Board of Directors effective immediately. 


Alex Black lives in Lima, Peru and has 30 years' experience in the mining
industry. Mr. Black holds a BSc in Mining Engineering from the University of
South Australia and is a member of the Australasian Institute of Mining and
Metallurgy. Mr. Black is currently the President, CEO and a Director of Rio Alto
Mining Limited, which operates the La Arena gold mine located in north central
Peru.


David Prins is a Civil Engineer with extensive experience in the evaluation,
design, planning and subsequent development execution stages of mining projects,
principally in Latin America. Mr. Prins' previous position was as President and
CEO of Explorator Resources Inc. Prior to this he was the principal of his own
Santiago, Chile, based consulting firm which provided project evaluation and
management services to many leading precious and base metals mining companies.
Mr. Prins has also worked for Placer Dome Project Development Group directly and
indirectly for a period of over 16 years which included a 10 year period at the
Zaldivar Mine in Northern Chile.


The Company is also pleased to announce that it has completed the private
placement financing ("Private Placement") with Rio Alto Mining Limited ("Rio
Alto"), previously announced on September 17, 2012. The Private Placement
consists of five million (5,000,000) units (the "Units") of Duran at a price of
Cdn$0.15 per Unit for an aggregate subscription price of Cdn$750,000, with each
such Unit comprised of one common share of Duran (the "Common Shares") and two
half warrants; the "Series A Warrants" and the "Series B Warrants". Each whole
Series A Warrant shall be exercisable to acquire one Common Share at an exercise
price of Cdn$0.25 per share until the date that is the earlier of (i) the date
that is eighteen (18) months following the issuance thereof, and (ii) the date
that is thirty (30) days following the date notice is given to Rio Alto that the
Common Shares have closed at or above the price of Cdn$0.25 per share for a
period of 20 consecutive trading days on the TSX Venture Exchange (the "TSXVE")
so long as such period occurs after twelve (12) months from the date of issuance
of the Series A Warrants. Each whole Series B Warrant shall be exercisable to
acquire one Common Share at an exercise price of Cdn$0.35 per share until the
date that is the earlier of (i) the date that is thirty (30) months following
the issuance thereof, and (ii) the date that is thirty (30) days following the
date notice is given to Rio Alto that the Common Shares have closed at or above
the price of Cdn$0.35 per share for a period of 20 consecutive trading days on
the TSXVE so long as such period occurs after twenty four (24) months from the
date of issuance of the Series B Warrants. Rio Alto must exercise 100% of the
Series A warrants to have the right to exercise the Series B warrants. In the
event that Rio Alto is precluded from exercising the warrants due to trading
restrictions imposed pursuant to applicable securities laws or by Duran under
any applicable policy respecting restrictions on trading in its securities, the
expiry dates of the Series A Warrants and Series B Warrants may be extended for
a period of ten (10) business days from the end of any such restricted period
(subject to regulatory approvals).


As previously announced in a press release dated September 17, 2012, Duran and
Rio Alto entered into a non-binding letter of intent ("LOI") whereby Duran has
granted to Rio Alto options (the "Options") pursuant to which it may earn up to
a 70% interest in the Company's Minasnioc Gold-Silver Property ("Minasnioc") and
a 65% interest in the Company's Ichuna Copper-Silver Property ("Ichuna"). 


In order to maintain their Minasnioc and Ichuna property option earn-in rights
Rio Alto must exercise 100% of the warrants included in the Private Placement.


The net proceeds of the Private Placement will be used for exploration and
development of the Company's mineral projects in Peru and general corporate
purposes. The Private Placement is subject to certain conditions including, but
not limited to, the receipt of all necessary approvals including the final
approval of the TSX Venture Exchange.


A total of 950,000 options to purchase common shares of the Company have been
granted to directors of the Company at an exercise price of $0.15 per share,
expiring on September 30, 2017. The grant is subject to regulatory approval.


The Company also announces that Mr. Todd Bruce has decided to resign from the
Board effective October 1, 2012. Mr. Bruce has been a Board member since May
2010. The Company wishes to thank Mr. Bruce for his valuable insight and advice
over that time. Mr. Bruce has agreed to join Duran's Advisory Board effective
immediately. 


Duran is a Canadian exploration company focused on the exploration and
development of porphyry copper, precious metal, and polymetallic deposits in
Peru. 


Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture
Exchange and the Lima Stock Exchange: Symbol "DRV".


Disclosure Regarding Forward-Looking Statements: This press release contains
certain "Forward-Looking Statements" within the meaning of applicable securities
legislation. We use words such as "might", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate", "forecast" and similar terminology to
identify forward looking statements and forward-looking information. Such
statements and information are based on assumptions, estimates, opinions and
analysis made by management in light of its experience, current conditions and
its expectations of future developments as well as other factors which it
believes to be reasonable and relevant. Forward-looking statements and
information involve known and unknown risks, uncertainties and other factors
that may cause our actual results to differ materially from those expressed or
implied in the forward-looking statements and information and accordingly,
readers should not place undue reliance on such statements and information.
Risks and uncertainties that may cause actual results to vary include but are
not limited to the speculative nature of mineral exploration and development,
including the uncertainty of resource estimates; operational and technical
difficulties; the availability to the Company of suitable financing
alternatives; fluctuations in copper and molybdenum and other commodity prices;
changes to and compliance with applicable laws and regulations, including
environmental laws and obtaining requisite permits; political, economic and
other risks arising from our Peruvian activities; fluctuations in foreign
exchange rates; as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and Analysis and
in other filings made by us with Canadian securities regulatory authorities and
available at www.sedar.com. While the Company believes that the expectations
expressed by such forward-looking statements and forward-looking information and
the assumptions, estimates, opinions and analysis underlying such expectations
are reasonable, there can be no assurance that they will prove to be correct. In
evaluating forward-looking statements and information, readers should carefully
consider the various factors which could cause actual results or events to
differ materially from those expressed or implied in the forward looking
statements and forward-looking information.

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