Exploration Programs On The Don Pancho, Panteria, and Ichuna Projects

TORONTO, ON - Duran Ventures Inc. reported an exploration update on its 100% owned Don Pancho, Panteria, and Ichuna projects in Peru. Duran's partner on the Don Pancho Project terminated the Option agreement on the Don Pancho Project located in the department of Lima. The Optionee drilled 6 diamond drill holes totaling 2021 meters. The final results from the drill program have been received and the data shows that several Pb-Zn-Ag intervals were intersected. All six holes were drilled with azimuths between 230 degrees and 240 degrees with various inclinations. Drill holes 1 thru 5 were drilled at the southern end of an extensive brecciated zone. Drill hole 6 was drilled approximately 600 meters north of the southern drill holes and intersected approximately 40 meters of 0.88% Zn, 0.40% Pb and 7.7 grams Ag/tonne. The mineralization starts approximately at the overburden and rock contact at 55.10 meters and ends at 99.60 meters. Please note that no samples were taken from 84.30 to 88.80 meters and drill logs show no geological information. Hole 6 was drilled to a depth of 350.6 meters and only 14 samples were taken, totaling 19.95 meters of core length over the final 156 meters.

The Company's field review of the exploration results shows that the direction of the drilling was perpendicular to the fold axis of the local and regional stratigraphy. The Company believes this was not the most optimal direction for drilling. The stratigraphy is tightly folded in the project area and regional NNE-SSW compression will result in en-echelon openings, cross cutting stratigraphy which will allow mineralizing fluids to circulate. Structural analysis on the geology coupled with previous experience in this area suggests that the drilling may have been drilled sub-parallel to any potential mineralized zones. The Company intends to re-interpret the structural controls on the mineralization to further understand the geological model, which will aid in defining new drill targets. The Company is excited by the first phase drill results, which demonstrate the potential for significant Pb-Zn-Ag mineralization at the property.

The Company mobilized a technical crew to conduct a detailed mapping and sampling campaign. An extensive geophysical survey was completed by Real Eagle Exploration EIRL. The survey was comprised of 33.5 line kilometers of induced polarization (IP) and over 171.25 kilometers of magnetic and a differential GPS survey. Geological mapping coupled with rock, soil and stream geochemical sampling and is expected to be completed in September. The geological and geophysical information will allow for the definition of drill targets and will verify geological modeling. The 2014 exploration budget for Panteria is $250,000 US with a 10% contingency.

At the Ichuna Project the Company has commenced discussions with the local communities in the project area in order to secure the surface access rights to the part of the property that hosts undrilled geophysical (chargeability) anomalies. Recently, Minas Buenaventura announced the purchase of Goldfield's 51% interest in the adjacent Chucapaca gold deposit for $81 million US and 1.5 % NSR on all metal sales. Minas Buenaventura is proposing an underground mine at the project, specifically on the Canahuire gold zone, located approximately three kilometers to the south of the Ichuna project. The Ichuna project shows a large untested geophysical anomaly, believed to be similar to the Canahuire zone. The discovery of the Canahuire zone was a blind target, where mineralization did not outcrop at surface.