DNV

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


Dunav Resources Ltd. (TSX VENTURE:DNV) (the "Company" or "Dunav") is pleased to
announce that it has entered into an agreement with Dundee Securities Ltd., on
behalf of a syndicate including Paradigm Capital Inc., Clarus Securities Inc.
and Primary Capital Inc. (the "Agents") under which the Agents have agreed to
offer for sale, on a best efforts private placement basis, 50,000,000 units (the
"Units") at a price of $0.30 per Unit (the "Unit Price") for gross proceeds of
up to $15,000,000 (the "Offering"). 


Each Unit will consist of one common share ("Share") of Dunav and one common
share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder
thereof to acquire one Share at a price of $0.50 for a period of 36 months
following the closing of the Offering.


In addition, the Company has granted the Agents an over-allotment option (the
"Option") to sell up to an additional 15% of the Offering, exercisable at any
time prior to 48 hours before the closing of the Offering. 


The Company intends to use the net proceeds of the Offering for further
exploration and development of its mineral projects in the Republic of Serbia
and for general corporate purposes. 


In connection with the Offering, the Agents will receive a cash commission equal
to 6.0% of the gross proceeds raised under the Offering (inclusive of the
Option). The Agents will also receive 6.0% compensation warrants, exercisable
into one Unit at the Unit Price for a period of 24 months after the closing of
the Offering (inclusive of the Option). On Units sold to certain existing
shareholders and to persons on the president's list, the Agents will receive a
reduced commission of 3.0% in cash and 3.0% in compensation warrants. 


The closing date of the Offering is scheduled on or about March 6, 2013. All
securities issued in connection with the Offering will be subject to a four
month hold period. The Offering is subject to a number of conditions, including,
without limitation, receipt of all regulatory approvals. 


The securities being offered have not been, nor will they be registered under
the United States Securities Act of 1933, as amended, or state securities laws
and may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons absent U.S. federal and state registration
or an applicable exemption from the U.S. registration requirements. This release
does not constitute an offer for sale of securities in the United States. 


About Dunav Resources Ltd.: Dunav Resources is a mineral exploration company
focused on the acquisition, exploration and development of mineral properties in
Serbia. Additional information about the Company is available on SEDAR at
www.sedar.com and at www.dunavresources.com. 


Cautionary Statement

This press release contains 'forward-looking information' within the meaning of
applicable Canadian securities legislation. Forward-looking information in this
news release includes information with respect to the proposed private placement
of its securities, including the amount of proceeds expected to be raised, the
intended use of proceeds and the timing for closing. Forward-looking information
is based on reasonable assumptions that have been made by Dunav as at the date
of the information and is subject to known and unknown risks, uncertainties, and
other factors that may cause actual results or events to differ materially from
those anticipated in the forward-looking information. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dunav Resources Ltd.
James Crombie
President and Chief Executive Officer
+1.450.640.0810
info@dunavresources.com
www.dunavresources.com

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