Discovery Ventures – MAX Mine Dam Safety Inspection Underway

Press Release

Discovery Ventures Inc. (TSX-V: DVN) (FSE: ODV) (“Discovery” or the “Company”), announces it has engaged geotechnical consulting firm Klohn Crippen Berger (KCB) of Vancouver, BC to complete a Dam Safety Inspection (“DSI”) of the MAX Mine Tailings Storage Facility (“TSF”). A site inspection was completed on September 4, 2014 by KCB. SRK Consultants of Vancouver, BC has also been engaged to complete an independent third party review of the DSI and recently completed a site visit to the MAX TSF.

The DSI and independent third party review of all tailings storage facilities in the province was ordered by BC’s Chief Inspector of Mines on August 18, 2014. The order requires all tailings impoundment structures be inspected, have independent third party review and include a review of the dam consequence classification. The DSI, independent report and other information must be submitted to the Chief Inspector before December 1, 2014.

Having completed the site inspection, the consultants are now reviewing design and monitoring records in conjunction with Canadian Dam Association, Dam Safety Guidelines, and the Company anticipates that work will be completed well before the required submission date. Further, Discovery’s 35% owned subsidiary FortyTwo Metals (the owner and operator of the MAX Mine) has also committed to making the reports publically available on its website after they have been submitted to the Chief Inspector.

About Discovery
Discovery is an exploration and development stage company focused on the WillaMAX project, which is prospective for gold. A summary of the project is provided in a recent WillaMAX Preliminary Economic Assessment (PEA) released May 26, 2014 as amended June 20, 2014 prepared by Wayne M. Ash, P.Eng. The WillaMAX project would combine the Willa copper-gold resource with processing facilities at the MAX Mine, both located in south east BC. Due diligence is underway for project financing that is anticipated to facilitate the completion of key acquisitions and advance engineering and permitting work for both sites. The MAX Mine acquisition includes existing permits, a modern mill & concentrator and sizeable tax loss pools.

On behalf of the Board of Directors,
“Akash Patel”
Akash Patel, President, CEO and Director, Discovery Ventures Inc.

For further information, please contact Ron Birch 250-545-0383 or by email at info@discoveryventuresinc.com

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