Mining MarketWatch DRV.V Review

Special Report on Recent Developments

Peñoles Moving Forward with a Mine Adjacent to Duran's Aguila Project: - Peñoles will have to be coming to Duran Ventures pretty soon because they are now going around to the community and talking about building a mine. Mining MarketWatch Journal has confirmed that Peñoles is in now in the midst of doing a large scale environmental baseline study. Peñoles is a mining giant and in their year-end report they only mentioned three projects as 'advanced exploration', this is one of them and it appears they are going ahead with it. They’ve been doing work with the community as part of the social economic impact study on the area, going around the community and showing the benefits of mining and how it brings jobs in the community -- the community is on side.

A highly profitable exit strategy for DRV.V shareholders is fast approaching. Duran has the ore body on the south facing slope and across the gully Peñoles are drilling on the North facing slope. Logically, if there is any mine operation it will be between the two ore bodies, it will be gravity fed -- Duran owns the flat areas and if Peñoles wants to build anything they have to build on DRV.V ground. Shareholders of DRV.V are in a very good position here with the majority of the flat ground in the middle of the two projects as that would make the most sense as to where you would put a mining operation. Duran owns the middle ground area that goes up the slope to Peñoles' property; Penoles will have to be coming to DRV.V pretty soon because they are now actively going around to the community and they are talking about building a mine there and are preparing a resource estimate. As of June 1, 2010 they have 4 rigs (back now that the rainy season has ended) drilling just off the southern claim line of Duran. From the aggressive pace of drilling, indications in reports, conversations with professionals that have insight, and excitement at the Peñoles camp it is not unreasonable to expect/anticipate at least a 300M - 400M tonne resource estimate and feasibility study to proceed. Judging from the drilling Duran has performed to date DRV.V is going to be having maybe at least a couple hundred million tonnes of ore right on the other side there. Peñoles is a tough group to get in bed with and keep up with so DRV.V would likely want to sell its properties to them for a substantial share price. Certainly with these new developments the share price of DRV.V should move up to closer to at least $0.30 to reflect the near term/imminent nature of developments and inherent value of the enormous copper-molybdenum deposit shareholders have now.

Mining MarketWatch Journal contacted Jeffrey Reeder, P.Geo., CEO of Duran Ventures Inc. to see what the plans were for Aguila in the interim as there is much DRV.V can do to enhance the value in the interim, he offered the following insight "I think we should drill the wall rock as it’s going to add to the overall size to the things -– if we want to go to 200M-300M tonnes we’re going to have to start drilling the wall rock. We need to get the big size potential in there because Peñoles is going to come out with a resource and when they come out with a resource by the end of the year hopefully we can be doing the same."

Other noteworthy recent developments on a second front for Duran include a major new discovery (Gold Fields-Buenaventura 5.6M Oz Gold Equivalent Chucapaca) adjacent to Duran's Ichuña Project. Also there is a very exciting acquisition (by closed bid auction) of a high sulfidation epithermal property with good gold values in the vuggy silica -- Duran's geological team had been stalking this in anticipation and won out against Barrick.

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Figure 1. Subject Company's Logo & Imagery

Duran Ventures Inc. is a Canadian-based mineral exploration mining company listed on the TSX Venture Exchange (ticker symbol DRV) (US listing: DUVNF). The Company has come to our attention due, in part, to the exceptional opportunity afforded shareholders as DRV.V is advancing their 100% owned concessions located in Central Peru where geologists agree that Duran's Aguila copper-molybdenum porphyry deposit is part of a large porphyry cluster in a major mineral district actively taking shape with Peñoles and Duran Ventures holding key ground.

1) Aguila copper-molybdenum porphyry - Central Peru - 100% Owned by Duran Ventures

Phenomenal grades • World class bulk tonnage potential being developed • Penoles drilling off claim line

New drilling affirms the strength of the mineralized system at Aguila, as well as the considerable tonnage potential, also a new zone that appears to be shared with Peñoles has also been established

Figure 2. Drill hole location map highlighting the locations of the latest holes; 09AGD15, 10AGD16, and 10AGD17. Inset 1.: Cross - section of Aguila copper-molybdenum porphyry. Inset 2.: Geophysical interpretation map with IP chargeability anomaly.

Results from the last hole (10AGD016) drilled in the Aguila central zone graded 0.69% Copper and 0.042% Molybdenum over 396m from surface, affirming the strength of the mineralized system at Aguila, as well as the considerable tonnage potential. The numbers were exceptional on hole 10AGD016 from surface and after ~300m or so down well mineralized sediments were intercepted that still graded well, in fact the Mo values were higher; the 620m drill hole graded 0.49% Cu, 0.033% Mo.

The geophysics map Figure 3 (found to the left) is a compilation of all the geophysical anomalies from the 2km x 3km grid Duran ventures had performed on the property in 2009. In the map the largest IP anomaly is labeled "IP2" and the location of hole 16 is indicated. Duran collared outside the intrusive and drilled into the anomaly intersecting tremendous grades -- the entire area all along the contact of that IP is very prospective.

To date most of Duran’s drilling at Aguila has focused in and around the Aguila pit (central zone) where Duran has established a large deposit, encountering numerous stellar intercepts flanking this IP anomaly. The mineralized area established so far is large yet represents only a fraction of the prospective contact from one IP anomaly alone which stretches 1400m in length and is open in all direction. The size potential at Aguila is enormous as there are many other IP anomalies on the property believed to be equally as prospective.

Figure 4 shows the intrusive trend is going slightly to the SW, mimicking the IP anomaly rout. Remember 2% chalcopyrite will give you a weaker anomaly than 3% pyrite on an IP so drilling the highest IP numbers are not always the best thing -- it appears the best grades are flanking the IP anomaly. Right in the pit the trend is NS then it deflects and goes to the SW – that is what the intrusive body does too and it appears prospective all along that contact towards Aguila West.

Mining MarketWatch Journal contacted Jeffrey Reeder, P.Geo., CEO of Duran Ventures Inc. to ask what Duran's next move would be on Aguila and he offered the following insight "The more that you go from the north the more the sediment pack is widened -- the more you go south the more it coalesces the Agula East and the Aguila Pit – if you take a look at the geological map it starts showing that too; you have got more intrusive rocks going towards the south. We are going to drill to the next section to the south of hole 16; if you look at diamond drill hole 4 (drilled in 07) it shows that Aguila East has ~180m intercept of .5 copper – the porphyries are coalescing towards the south and that’s basically where the geophysical anomaly coalesces as well."

Figure 4.a Drill Hole Location Map "The drill plan map shows the mineralization is trending NE-SW and follows the flank of the IP anomaly. What is very interesting that to the SW, the IP anomaly is very large and doesn't have a high resisitivity anomaly which may indicate the porphyry is buried only by overburden and quartzites -- A great drill target."

Although Duran Ventures has not commissioned a resource calculation yet Mining MarketWatch Journal notes that drilling to date by DRV.V and old drilling by RTZ shows the mineralization is still open and can be traced in the subsurface over 450 m and about 350 m wide and easy 400 meters depth -- this shows approximately 175 million tonnes.

The significance of Penoles only a couple thousand meters to the south of Aguila's main pit is huge as this is Penoles' only project they are drilling in Peru and have found reason to call up additional rigs. Duran Ventures and Penoles are hold key ground in this mineral district, both have about the same amount of ground. Penoles is not motivated by projects with small scope/potential; the large porphyry clusters Duran and Penoles are targeting are what big miners seek to produce and generate multi million dollar revenues and make the bottom line. These porphyry-type deposits typically amount to large bulk tonnage ore bodies of systems and account for most of the copper production in the world, and also represent significant sources of gold, silver, and other base metals. The presence of Penoles adding value to the area and the fact they have pulled up along side Duran is extremely beneficial to DRV.V shareholders and the inherent value of Duran's project.

In the February 23, 2010 release Duran revealed "First Hole in Aguila West Reports 71.0 Metres of 0.62% Copper". This hole is ~500m to the SW of Aguila central in an area where it is believed there are several porphyries trending NE. This hole was drilled in the same direction as all the other drilling that was done, mainly due to outcrop exposure and Duran stopped it at the claim line of Penoles.

On this hole Duran hit a low angle fault so the next time Duran will drill it to the NE and hit it down dip. Jeffrey Reeder commented "We showed there is yet another porphyry with copper bearing intrusive rock – only our first hole. We are going to come back and move our drill rig to the south-east, drill to the north-east and we are going to start hitting the down dip extension of the Aguila West -- we will start building tonnes that way as well."

Mining MarketWatch Journal notes the prospects of a Major coming into this area to take advantage of the size potential that Duran and Penoles are revealing is a distinct possibility, astute investors should be looking to position themselves now to take advantage of what is developing -- if Duran has 200M – 400M tonnes on its ground and Penoles has that much then some big company is going to come in and buyout DRV.V and deal with Penoles or Penoles will buy DRV.V out – one of the two are probably going to happen.

Duran Ventures has been active at the El Halcon concession Aguila project since 2003 and has now consolidated 100 percent ownership. Originally comprising 100 hectares of property area, the project includes the past producing Aguila open-pit copper mine. The historic resources consist of a near surface porphyry structure bearing copper and molybdenum, from which a low volume mining operation had been active in the 1970s.

Duran Ventures was able to add surrounding property acquisitions to its holdings to gain control of the area immediately adjacent to the historic deposit. As preliminary exploration work was completed a larger area of interest was identified. Additional property area was also acquired elsewhere in the district on the premise that other porphyry structures may be awaiting discovery in a nearby targets that bear a similar geological setting.

In 2008 a total of 14 drill holes were completed which have demonstrated a large tonnage of continuous mineralization, and the deposit remains open laterally and to depth. The first 8 drill holes were to investigate the potential around the historic workings of a past producing open pit mine. Another 7 holes were completed in a second drill fence to step out the original discovery zone and expand the limits of the known deposit. High grade and consistent lateral extension have been reported in assay results; see June 3, 2008 release 'MacMillan & Duran Report Entire 718.1 Metre Hole 6 Averages 0.555% Cu and 0.041% Mo') and July 14, 2008 release 'Duran Ventures And MacMillan Gold Report Over 1% Copper Equivalence Averages' -- these demonstrated the existence of a near surface, copper-molybdenum porphyry structure with significant tonnage.

World class bulk tonnage Cu-Mo potential: Aguila copper-molybdenum deposit has yielded impressive grades in the order of 0.5 - 0.6% copper (ie.718m grading 0.555% Cu and 0.041% Mo = 1%+ copper equivalent ) and is host to a past producing open-pit mine. Drilling has expanded the deposit to the west, east and at depth, encountering higher grade porphyry than other companies in the region, the deepest hole is over 600m from surface down and is still in copper mineralization. Recent exploration work at Aguila has now outlined a much larger target, the dimensions of the porphyry are believed to be large and results from recent exploration efforts are expected soon and will improve on the dimensions. Indications are positive for having big porphyry at depth. There is strong potential for further expansion of the Aguila deposit through additional drilling.

From discussions with management Mining MarketWatch Journal estimates Duran Ventures is only ~10,000m in drilling from issuing a first estimate, a number their geologists feel will be significant and market moving as from the results to date and from what they can see geologically at Aguila has serious potential to be world class.

When comparing Duran's potential to established Cu-Mo deposits in the region such as Norsemont Mining it is important to note that the grades at Duran's Aguila porphyry are higher. Norsemont Mining has a defined resource of ~300+M tonnes, a market cap nearing $200 million and is a buy out candidate at a level significantly above that -- Duran has phenomenal grades and everything points to the fact Duran has potential for similar size porphyry and a correspondingly significant upside move in valuation. Transactions over the last couple of years involving copper deposits similar to what Duran Ventures is targeting in Peru have seen multiple deals made in the $400M - $800M range.

The properties are located ~3,100 to 4,400 meters above sea level in the eastern part of the Western Cordillera of North Central Peru. The projects are ~100km in from the coast and are all road accessible. Power to the property is provided by an active power line traversing the Pasacancha 1 concession and is connected to the national grid. Nearby town are Sihuas and Pasacancha.

Peru is unanimously agreed in the mining community to be a stable, mining friendly region. Ranking within the Fraser Institute's Annual Survey of Mining Companies released April 2010 may be viewed here. The mining claim and permitting process is highly transparent and clearly laid out.

High silver values • Past producing • Significant bulk tonnage potential • Silver-Gold-Lead-Zinc target

Location: Pasacancha is a continuation of Aguila; Duran Venture's Aguila Project (reviewed above) and Pasacancha project are part of the same geological system.

Peru was the top silver producing country in the world, responsible for a recorded 118.30 million ounces in 2008 (source Market Equities Research Group). Miners know ‘the best place to find a new resource is amidst the workings of an old mine’ -- The Pasacancha concession is host to the past producing Pasacancha mine, where historical production focused on high grade silver veins that have been mapped across a large part of the property.

The Pasacancha mine workings are situated at the top of a hill above a town with the same name. Several tunnels have been identified which access the vein deposits at various elevations. The combined workings have been mapped for several kilometers and this extensive underground infrastructure serves as evidence of the intensity of mineralization throughout the area. The historic mining activity was concentrated on the highest grade veins and the project geologists have begun work to search for deposit areas of interest that were overlooked by the previous mine operator.

Early stage exploration work at this target included soil sampling and trenching programs that covered a much wider zone surrounding the old mine workings. The results from this work indicated the potential for a large area of alteration bearing lower grades of silver and gold, along with the presence of significant lead and zinc values. This has been interpreted to suggest that a potential bulk tonnage poly-metallic deposit of disseminated alteration may exist at Pasacancha.

3) Santa Rosa and Corongo Area Gold Project - Central Peru - 100% Owned by Duran Ventures (J.V. partner found)

Note: Duran Ventures has found a joint venture partner to advance this project. The details of the arrangement may be found in the release dated March 18, 2010 entitled "Duran Ventures Announces Joint Venture Agreement on Corongo Gold-Silver Property in Peru". The new joint venture partner is a junior miner using this project as a qualifying transaction and Mining MarketWatch has learned it will be changing its name to 'Viper Gold' -- the Corongo project has very good gold numbers and the name change well articulates the highly prospective nature of the project. The new joint venture partner will be spending $1 Million to drill off high grade gold targets, DRV.V is the operator and will control the exploration. It is a win-win scenario for both companies -- the new entity is expected to have 13M shares outstanding and be well funded, Duran Ventures will have 1M of those shares. The new entity will have the right to acquire a 50% interest in the project. This will certainly provide good excitement for DRV.V shareholders as the project is advanced without dilution to DRV.V and will allow DRV.V to keep focused on the big tonnage Cu-Mo-Ag at Aguila.

Santa Rosa/Corongo is a block of claims ~6km - 10km to the northwest of Aquila. Santa Rosa was identified in 1998 through fieldwork completed by Rio Tinto, a prior operator of the property as part of a joint-venture exploration program. Historic small-scale mining in the area produced gold, copper, and silver from vein and manto systems that outcropped near surface. Rio Tinto completed a preliminary series of drill holes along across a widely spaced grid in search of a potential bulk tonnage mineralized system. The results included several encouraging gold intervals that appeared to be related to feeder vein structures, however lacking the continuity necessary to meet the criteria for a larger system, Rio Tinto did not do any follow up work. As is often the case with Rio Tinto 'walk-aways', they were not given the attention necessary and Mining MarketWatch Journal has seen numerous prized assets develop from Rio Tinot walk-aways. Duran Ventures is turning up high values; see February 23, 2009 release "Duran Reports Up To 7.8 g Gold/t, 191.0 g Silver/t, and 9.1% Copper from Prioritizing Precious Mineral Exploration in Peru" and May 5, 2009 release "Duran Ventures Reports Up to 14.6 g Au/t and 483.0 g Ag/t from The 100% Owned Corongo Properties".

4) Minasnioc High Sulphidation Gold Project - Central Peru - 100% Owned by Duran Ventures

This is a new and exciting acquisition for Duran Ventures. It is a high sulfidation epithermal property with good gold values in the vuggy silica -- these type of projects are oxide and are very low cost to put into production. These high sulfidation types are associated with all the biggest gold deposits in Chile, Argentina, and Peru. Not only low cost producers, they can also be significantly less money to build a mine. The higher incidence of be economically viability associated with these types of deposits is because they heap leach so very well, they are just quartz that can be ground up with no clay.

Duran Ventures acquired the Minasnioc Gold Project in a closed-bid government auction on May 20th, 2010. A Peruvian subsidiary of Barrick Gold Corporation (“Barrick”) and a private Peruvian mining company were also competing for this property. The concession covers 1000 hectares in the Department of Huancavelica, approximately 300 kilometres southeast of Lima. This project has seen previous intensive exploration campaigns by Barrick and Compañia de Minas Buenaventura S.A.C. (“Buenaventura”) between 2001 and 2007, which included surface channel sampling and drilling.

Company geologists have made initial property visits and have defined a high sulfidation (acid sulphate) epithermal gold and silver bearing system developed in Tertiary volcanic rocks. Extensive zones of argillic and advanced argillic alteration are present, with areas of massive and vuggy silica with associated alunite. The gold-silver bearing part of the epithermal alteration system covers an area of two by two kilometers. This age of the volcanic host rocks and style of mineralization is similar to Barrick’s Pierina and Alto Chicama Mines and Newmont and Buenaventura’s Yanacocha Mine in Peru.

Initial rock chip sampling by the Company shows widespread anomalous gold values with associated silver, arsenic, barium, lead, mercury, and antimony geochemical anomalies, which are typical of an altered precious metal bearing system. Samples were collected as one to four-metre rock chips and panel samples ranging from two by two metre to five by five metre panels. 21 of 35 samples returned assays greater than 0.1 grams of gold per tonne, with values as high as 2.96 grams of gold per tonne. 28 of 35 samples returned silver values of greater than 1.0 gram of silver per tonne, 11 samples returned values of greater than 10.0 grams of silver per tonne, and one sample returned a high value of 70.6 grams of silver per tonne.

NOTE: The following four properties are grouped together as they are the latest acquisitions from the merger of Double Jack (into Duran Ventures) that are now being closed on by Duran Ventures (in consideration for 6 million shares of DRV.V). The properties were locked-up over a year ago by DRV.V. Since DRV.V had locked-up the shareholders of Double Jack there has been a couple significant developments surrounding two of the properties (Ichuña and Don Pancho) that add enhanced attractiveness.

Major New Discovery (Gold Fields-Buenaventura 5.6M Oz Gold Equivalent Chucapaca) Adjacent to Duran's Ichuña Project

Figure 15. Map showing location of Ichuna Property in relation to the Canahuire and Chucapaca projects of Gold Fields and Buenaventura

In the location map (16b.) above (taken from report found on Gold Fields website) the Gold Fields-Buenaventura property is indicated in green, the location of the discovery is where the X is and the Duran/Double Jack Ichuña property is the area in white they left out. Jeffrey Reeder claimed the area in 2006 and the discovery was only made in late 2009 -- Double Jack did not know about this when the deal was made with Duran.

Figure 17. Gold Fields-Buenaventura Chucapaca drill values (sourced from Gold Fields website)

Gold Fields has intersected numerous quality intercepts including 127m of 8.55g/t gold, 44m of 9g/t gold, 170m of 3.3g/t gold, 54m of 2.64 g/t gold, and they also have copper… ~60m of 3.13g/t gold and .49% copper, 95.8m of 1.44 g/t gold and .2% copper, 131.1m of ~2g/t and .36% copper -- Duran's Ichuña is located only ~2.5km away and that is where Duran had registered 12.75% copper and silver up to 8.2 ounces silver per tonne.

Jeffery Reeder has confirmed that several months ago Double Jack was contacted by Buenaventura, before the discovery was made public (Buenaventura not wanting to let the cat out of the bag), asking if Double Jack was willing to sell the property -- Double Jack had to tell them it was under option to Duran which has first option on it.

See related June 1, 2010 release "Duran Ventures Announces Copper and Silver Results from Ichuña Project, With Values To 1,645 grams of Silver per Tonne and 6.9% Copper: Duran to Exercise Double Jack Property Option"; Results have been received from the Company’s second field campaign, which consisted of 1:5000 scale geological mapping and the collection of 148 chip and panel samples. Ichuña is located roughly three kilometers from the Canahuire Project of Gold Fields Limited (“Gold Fields”) and Compañia de Minas Buenaventura S.A.A. (“Buenaventura”), where these companies have recently published a resource estimate of 83.7 million tones of 1.9 grams of gold per tonne and 8.2 grams of silver per tonne, for an inferred resource of 5.6 million ounces of gold (calculated as a gold equivalent).

The [Ichuña] property is underlain by sedimentary and volcanic units which are cut by intermediate porphyritic intrusive bodies. Company geologists have so far defined seven mineralized zones on the property with a variety of styles of mineralization related to intrusive events. This includes porphyritic intrusive bodies with evidence of supergene copper enrichment, skarn zones at the contacts between intrusive and carbonate-rich sedimentary rock, and altered stockwork zones in intrusive, volcanic, and sedimentary units. The evidence points to a widespread, well-mineralized hydrothermal system related to intrusive activity, with anomalous copper, silver, lead, zinc, arsenic, barium, antimony, and manganese. The mineralized areas stretch over an area larger than 1.0 x 2.5 kilometres.

Samples were collected as 0.5 to 3.0-metre rock chips and channel samples, as well as panel samples ranging from 0.5 x 1.0-metre to 3.0 x 3.0-metre areas. Silver values ranged as high as 1,645 g Ag/T (52.9 Troy ounces of silver/T), with 41 of 148 samples assaying greater than 10.0 g Ag/T and 16 of 148 samples assaying over 100.0 g Ag/T. 32 of 148 samples had copper values of greater than 1.0%, with values as high as 6.95%. 59 of 148 samples had copper values greater than 0.1%, showing very widespread anomalous copper values. Lead and zinc values were elevated as well, with 32 of 148 samples assaying over 0.1% lead, with high values of 5.0% lead. 31 of 148 samples assayed greater than 0.1% zinc, with 5 samples over 1% and as high as 1.3% zinc. A table of sample highlights follows, and maps showing copper and silver geochemical anomalies are shown below.

Duran's plans for Ichuña: This summer Duran intends on spending ~$100K on Ichuña in geophysics and geological mapping. This will position Ichuna as essentially drill ready and an ideal potential revenue source for Duran as a joint venture candidate, especially due to the high grade values found to date and proximity of the property to Chucapaca.

6) Panteria Porphyry Copper Prospect - Central Peru - 100% Owned by Duran Ventures

The Panteria Porphyry Copper prospect is located in the Department of Ica in south-central Peru. It consists of one main block totalling 1,700 hectares and another 400 hectare concession two kilometres to the east. Rio Tinto Zinc operated this project in the early 2000’s, and Hatum acquired the concession in 2007. Rio Tinto conducted a very limited exploration program comprising of two or three diamond drill holes. The information from Rio Tinto’s work program is currently unpublished, however the company will inquire about obtaining the data. Hatum’s initial sampling program at Panteria confirmed widespread anomalous copper, gold, and silver over an 800 by 250 metre zone, with local quartz-sulfide stockworks and veining in porphyritic intrusive rocks. There are abundant copper oxides and carbonates on surface with indications of strong surface leaching of copper and iron sulfide minerals. Panteria has all the hallmarks of a significant supergene copper deposit with an underlying hypogene porphyry copper system.

Duran has advanced with surficial geological mapping of over 200 hectares, and has collected over 200 chip, channel, and panel samples. Duran geologists have identified extensive zones with stockwork quartz veinlets and oxidized pyrite, which are part of a large phyllic alteration system that grades outwards to zones of argillic and propylitic alteration. The alteration system appears to be controlled by a northeasttrending structural zone.

NOTE: Duran's geologists have just (late May 2010) returned from two weeks in the field on Panteria -- Mining MarketWatch Journal has confirmed the geologists have seen a lot of copper mineralization associated with quartz "we've got magnetic stringers in the potasic alteration zone, its another porphyry target". Plans are for the Panteria property to also be the beneficiary of ~$100K in geophysics and mapping this summer 2010, hopefully advancing the project to drill ready status and creating the potential for another revenue source for Duran Ventures as a highly attractive JV candidate.

7) Don Pancho Silver-Lead-Zinc Project - Central Peru - 100% Owned by Duran Ventures

The Don Pancho Silver-Lead-Zinc Project (600 hectares) is located in the Lima Department.

Duran has 100% ownership (a prior option by a JV partner did not materialize) and is now sitting in a potential cash flow situation for the company with prime mineralized property next to a 2000TPD mill now being built. Trevali Resources Corp. is fast-tracking towards becoming Latin America’s newest Silver-Lead-Zinc producer by recommencing operations at the former Santander Mine in west-central Peru (source: http://www.trevaliresources.com/i/pdf/Trevali_FactSheetWeb.pdf).

Figure 18. Partial claim map of Trevali with approximate location of Double Jack's (NOW DURAN VENTURE'S) 600 hectares superimposed on map

There is a large breccia body on the Don Pancho property that runs ~400m wide and 800m long that has numerous lead-zinc showings all over the place -- Double Jack has taken a number of samples and many are up to 250 grams of silver (~8-10 ounces) per tonne and 4% - 5% lead-zinc. These are very similar numbers as to the Trevali numbers and it is the same geology. The Trevali mill is only a few kilometers away.

The Don Pancho Silver-Lead-Zinc Project (600 hectares) is located in the Department of Lima. This project is approximately 10 kilometres to the west of Trevali Resources’ Santander Mine, which has updated a resource estimate (April 2009) of 5.3 MT of 3.34% Zn, 1.27% Pb, and 38 g Ag/T (indicated category) and 2.24 MT of 2.92% Zn, 0.5% Pb, and 18 g Ag/T (inferred category). The Don Pancho has similar geology to the Santander Deposit, with carbonate-replacement style Ag-Pb-Zn mineralization. The Don Pancho alteration system covers a northwest-trending area of over 300 x 800 metres, with large galena and sphalerite bearing breccias, veinlets, and stockwork zones visible on surface.

Hatum Minas conducted several sampling campaigns on the property, including the collection of 41 surface grab and chip samples, and a total of 28 underground chip and channel samples. Surface samples have returned up to 238 grams silver per tonne, 9.49% lead, and 4.15% zinc. Underground sampling returned up to 838 grams silver per tonne, 11.6% lead, and 7.92% zinc. Duran

8) Santa Rita and Coricancha South Properties - Central Peru - 100% Owned by Duran Ventures

The Santa Rita and Coricancha South Properties (1,737.88 hectares) are located 75 kilometres from Lima in the San Mateo District in Central Peru, in an area of active and past producing silver-lead-zinc mines. The Coricancha South Property is located immediately south-southwest of Gold Hawk Resources’s Coricancha Mine. Hatum’s mine dump and rock chip sampling returned ten out of twenty-eight samples with greater than 100 grams silver per tonne, with the highest value of 1,280 grams silver per tonne. Ten samples returned over 1% lead, and seven samples with over 1% zinc. Gold, copper, and molybdenum values are strongly anomalous, with up to 2.2 grams gold per tonne, 8.8% copper, and 0.1% molybdenum.

Jeffrey J. Reeder, P. Geo., has a B.Sc. from the University of Alberta and since 1992 has been registered as a professional geologist with the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Reeder is the geologist that originally identified and acquired the Aguila copper-moly project in Peru for Duran Resources ULC (formerly MacMillan Gold Corp.). Mr. Reeder has 15 years of experience in Peru and is fluent in Spanish. Mr. Reeder's experiences prior to joining MacMillan Gold included working with Noranda Exploration and the Hunter-Dickenson Group of Companies. Mr. Reeder was also responsible for identifying the Pinaya Copper-Gold project currently being explored by Acero-Martin Exploration.

Todd Bruce, B.Sc., Director
Mr. Bruce is well known in the mining and financial communities and the Board of Duran looks forward to benefiting from his guidance and knowledge. Mr. Bruce has held senior management and Board positions with Anglo Platinum, IAMGold Corporation and Crystallex. He brings extensive operational and development experience, and will strengthen and broaden Duran’s collective board expertise. From September 2003 to January 2007, Mr. Bruce served as CEO, President and Director of Crystallex International Corporation, Highlights of his tenure included completion of a bankable feasibility study on, and securing an EPCM contract with SNC Lavalin for the Las Cristinas project, financings that raised nearly C$250 million and two drill programs that increased gold reserves at Las Cristinas from approximately 10 million ounces to 17 million ounces. From February 1996 to January 2003, Mr. Bruce served as President and Chief Operating Officer of IAMGOLD Corporation, whose principal assets during his tenure comprised the Sadiola and Yatala gold mines in Mali. Mr. Bruce played a leadership role in the growth of IAMGOLD from its initial non-producer status to attributable gold production of almost 300,000 ounces in 2002, financings that raised C$113 million, the implementation of IAMGOLD’s innovative “Gold Money” policy and in the merger of Repadre and IAMGOLD in January, 2003. From 1980 through January 1996, Mr. Bruce served in a number of senior management positions with the South African company Johannesburg Consolidated Investment Co. and its successor company, the Anglo American Platinum Corporation. Immediately prior to joining IAMGOLD, Mr. Bruce served as Executive Director in charge of Marketing, Business Development and Strategic Planning for Anglo American Platinum Corporation. Mr. Bruce holds a B.Sc. in Geology from the University of Rhodesia and a Graduate Diploma in Engineering (Mineral Economics) from the University of the Witwatersrand in South Africa.

John P. Thompson, P. Eng., Director
Mr. John P. Thompson, P. Eng. has a B.Sc. and a M.Sc. from Acadia University in Nova Scotia. Mr. Thompson has been a director since June 2006. Mr. Thompson has over 35 years of mineral exploration, advanced property evaluation, ore reserve estimation and mining experience and is currently a consultant to the industry and President of John P Thompson and Associates.

Joseph Del Campo, CMA, Director
Mr. Joseph Del Campo, CMA, is a graduate of Ryerson Polytechnical Institute in Toronto and has been a director and audit chairman since July 2006. Mr. Del Campo is the Chief Financial Officer of First Nickel Inc. and is the Chief Financial Officer and a director of Unigold Inc.

Daniel Hamilton, Chief Financial Officer
Mr. Hamilton has 25 years of progressive experience in accounting and finance roles. Mr. Hamilton has completed a bachelor of commerce and bachelor of administration at the University of Ottawa. Mr. Hamilton worked for several chartered accounting firms, including Stern Cohen, Clarkson Gordon and Arthur Young of Australia. Mr. Hamilton's many years of mining and exploration experience were accumulated from working for Noranda Minerals Inc., Noranda Inc., Agra Monenco Inc., AMEC Inc. and Chrystallex International. Mr. Hamilton is experienced at performing public reporting for junior resource companies such as Cuervo Resources Inc. and Amerix Precious Metals Corp.

Carmen Yuen, B.Com, Secretary and Treasurer
Ms. Yuen is a graduate of the University of Toronto with a Bachelors of Commerce specialized in finance. Ms. Yuen has also successfully completed her exams to qualify as a Certified Public Accountant and awaits her certification. Ms. Yuen's experience includes work as a Tax Analyst with an international tax firm.

Juan Jose Ari Huanca, General Manager Peru
Dr. Juan Jose Ari Huanca studied law at the Faculty of Law at the Universidad Nacional San Andres in Arequipa, graduating with an undergraduate degree in 1996, and acquired the title of Professional Lawyer in the same year. His academic level was formally recognized as 'Brilliant', one of only three students in the history of this legal faculty to achieve that standing. He is the founder and General Manager of Ari and Associates Legal Firm in Arequipa. He held various positions with Canper Exploraciones S.A.C., operators of the Pinaya mineral exploration project in Puno, Peru. Positions included legal advisor, administrative manager, and general manager from 2004 to 2008. During this time, he was instrumental in negotiating the original property option with the local owners, the negotiation and removal of informal gold miners, and surface rights agreements with local landholders. His superior ability with strategy, planning, management, community relations, and legal analyses is a tremendous asset to Duran Ventures' operations in Peru.

For more information contact Duran Ventures Inc.'s head office at: Ph (416) 867.1101


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