DRV Duran Ventures Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Duran Ventures Inc. (TSX VENTURE:DRV)(BVL:DRV) ("Duran" or the "Company") is
pleased to announce that it has closed a fully marketed private placement (the
"Offering") led by KALLPA Securities Sociedad Agente de Bolsa S.A. (the "Agent")
of Peru, South America. The Company issued a total of 14,847,727 units (the
"Units") to purchasers resident outside North America at a price of US$0.12 per
Unit, for gross proceeds of US$1,781,727. Each Unit is comprised of one common
share of the Company ("Common Share") and one half of one common share purchase
warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder
to purchase one additional Common Share at an exercise price of C$0.20 for a
period of twelve months from the date of closing. 


In connection with the Offering, the Agent was paid a cash commission in an
amount equal to 7% of gross proceeds from Units sold and broker warrants in an
amount equal to 7% of the number of Units sold. Each broker warrant will entitle
the holder to purchase one Common Share at an exercise price of C$0.20 per
Common Share for a period of twelve months from the date of closing.  


The securities issued in connection with the Offering are subject to a four
month hold period in Canada from the date of issue. 


The net proceeds of the Offering will be used for exploration and development of
the Company's mineral projects in Peru and general corporate purposes. The
Offering 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. 


About Duran 

Duran Ventures is a Canadian exploration company focused on the exploration and
development of porphyry copper, precious metal, and polymetallic deposits in
Peru. The Company's principal project is the Aguila Copper-Molybdenum Porphyry
Project with related silver-lead-zinc mineralization.


Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture
Exchange and the Risk Capital Segment of 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Duran Ventures Inc.
Jeffrey Reeder
(416) 867-1591


Duran Ventures Inc.
Dan Hamilton
(416) 867-1591
info@duranventuresinc.com
www.duranventuresinc.com

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