DRV Duran Ventures Inc.

Duran Ventures Inc. (TSX VENTURE:DRV)(LMA:DRV) ("Duran" or the "Company")
announces, further to its news release of October 15, 2013 that it was reviewing
its strategic alternatives, that it has entered into mining concessions transfer
and asset sales agreements (the "Agreements") dated March 3, 2014 with Minera
Penoles de Peru S.A. ("Penoles"), a Peruvian subsidiary of Industrias Penoles
S.A.B. de C.V. (BMV:PE&OLES) ("Industrias Penoles"), pursuant to which Duran has
agreed to sell to Penoles the Company's Aguila Porphyry Copper-Molybdenum
Project in Peru as well as the Company's 50% interest in the Corongo concessions
and certain other assets (together, the "Subject Assets"). Industrias Penoles is
the leading world producer of refined silver, metallic bismuth and sodium
sulfate, and one of the main Latin-American producers of refined lead, zinc, as
well as a leading Mexican producer of refined gold.


The purchase price for the Subject Assets will be a total of US$7,000,000,
payable on closing (the "Closing"). Closing of the purchase and sale of the
Subject Assets (the "Transaction") is expected to occur in late April 2014, and
in any event no later than May 31, 2014. 


The Subject Assets include certain mining concessions, surface infrastructure,
and surrounding mining rights in the vicinity of the Company's Aguila Pit in
north-central Peru. In particular, they include:




i.  title to 20 mining concessions in the vicinity of the Aguila Pit,
    including the Pasacancha and Cashapampa concessions comprising the
    Company's Aguila mineral project (the "Aguila Concessions"); 
ii. the Company's 50% interest in certain mineral concessions known as the
    Corongo project held by Corongo Exploraciones S.A.C., a subsidiary of
    Duran, which are currently the subject of a property option agreement
    among the Company, its wholly owned subsidiary Minera Aguila de Oro
    S.A.C. ("Madosac") and Viper Gold Ltd.; and 
iii.the surface facilities currently used as an exploration camp and storage
    facility related to the Company's mining activities at the concessions
    comprising the Aguila project.



The Transaction is expected to constitute a Reviewable Disposition as defined in
Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets of the TSX Venture
Exchange Inc. ("TSXV") and, as such, completion of the Transaction remains
subject to (i) approval by a majority of the votes cast at a special meeting of
shareholders (the "Meeting") and (ii) regulatory approval by the TSXV. Closing
is also subject to certain other conditions which are customary for a
transaction of this nature. The Agreements include certain representations and
warranties of Duran and its subsidiaries in favour of Penoles, including in
connection with corporate, tax, environmental, labour and title issues. Duran
and its subsidiaries will also indemnify Penoles for breaches of its
representations, warranties and convenants for a period of five years following
completion of the purchase and sale of the Subject Assets. Penoles has agreed to
assume all liabilities of Duran in connection with the Cashapampa concessions
partially comprising the Subject Assets. 


Duran has also entered into a conditional termination agreement with Viper Gold
Ltd. dated March 3, 2014 (the "Conditional Termination Agreement"), the holder
of the remaining 50% interest in the Corongo concessions. Viper earned its
interest in the Corongo concessions pursuant to a property option agreement (the
"Option Agreement") entered into with Duran and Madosac on March 17, 2010.
Subject to the receipt of TSXV and shareholder approval, Viper has agreed to
transfer all of its interest in the Corongo concesssions to Duran in exchange
for the sum of US$200,000, representing 50% of the sale price of the Corongo
concessions, concurrently with the Closing of the Transaction as well as the
termination of the Option Agreement. In the event the Transaction does not
close, Viper will not transfer its interest in the Corongo concessions to Duran
and the Option Agreement will not terminate. 


The Company intends to use the proceeds from the Transaction to continue to
pursue and develop other resource and mining opportunities in the ordinary
course of its business, including with respect to its inventory of mineral
properties in Peru which are not subject to the Transaction. More specifically,
the Company will follow a prospect generator model where the Company will seek
new partners to explore and develop properties in Duran's existing portfolio.
The Company will continue to generate and acquire new prospective areas while
partners are actively exploring Duran's existing properties. Duran is in a
unique position to take advantage of attractive market conditions to acquire
highly prospective properties. Duran will use its 20 year history of mineral
exploration in Peru to position the Company for future exploration opportunities
in Peru. 


Duran currently has two mineral properties, the Don Pancho Lead/Zinc Project and
the Minasnioc Gold/Silver Project, acquired 100% by the Company and then
optioned to third parties by applying the prospect generator model. The
Company's other existing exploration properties include the Mamanina
Copper/Molybdenum/Gold Porphyry Project, located just 15 kilometres south of the
Aguila Concessions, and the prospective Panteria Copper/Gold Project. Both
projects show indications of mineralized porphyry systems. These projects were
acquired by application and are 100% owned by Duran.


The Company intends to obtain the approval of its shareholders for the
Transaction at the Meeting, which is expected to be held on or before April 25,
2014.


In connection with the Transaction, the Board of Directors appointed a special
committee of independent directors (the "Special Committee"). As part of its
process, the Special Committee retained Canaccord Genuity Corp. ("Canaccord
Genuity") to act as financial advisor and Wildeboer Dellelce LLP to act as its
legal advisor. Canaccord Genuity has provided an opinion to the Special
Committee that, subject to certain assumptions and limitations set out therein,
the Transaction is fair, from a financial point of view, to the shareholders of
Duran. The Special Committee has determined that the Transaction is in the best
interest of the Company and its shareholders and has recommended the approval of
the Transaction to the Board of Directors. The Board of Directors has
unanimously approved the Agreement and the Transaction and has unanimously
determined to recommend that the shareholders of Duran vote in favour of the
Transaction at the Meeting. The directors and senior management of Duran
collectively hold approximately 7.1% of the issued and outstanding shares of the
Company and have agreed to vote all Duran shares held by them in favour of the
Transaction at the Meeting. 


The trading of the Company's shares has been halted and shall remain halted
pending receipt of satisfactory documentation by the TSXV. Further updates will
be announced on the status of the trading halt, the Agreement, and the
Transaction as appropriate. All of the transactions contemplated by the
Agreements are subject to the approval of the TSXV.


Company Profile

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 Bolsa de Valores de Lima: Symbol "DRV".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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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