Mr. Jeffrey Reeder reports

DURAN VENTURES BOARD APPROVES AGUILA DRILL PROGRAM AND GRANTS STOCK OPTIONS

Duran Ventures Inc.'s board of directors has approved a $5.6-million drilling and exploration budget, and selected a drilling contractor for the drill program at its flagship Aguila porphyry copper-molybdenum project located in northern Ancash, Peru, subject to the granting of the final drill permit. The company has applied to extend the existing diamond drill permit at Aguila. The original permit was issued under previous legislation as a C permit in November, 2008, but has been updated as a "semi-detailed environmental impact assessment study" (Category 2 permit) to reflect current legislation. Final review by the Peruvian Ministry of Energy and Mines is currently under way, and approval is expected shortly.

The diamond drilling program is designed to provide the necessary information for the calculation of an initial National Instrument 43-101-compliant resource estimate at or near 2011 year-end. The drilling is anticipated to require seven to eight months to complete, with the resource estimate to follow. Preliminary metallurgical studies will be conducted as part of the resource evaluation.

As the drill program proceeds, several holes will also be testing priority geological, geochemical and geophysical targets. Surface mapping, sampling and geophysical surveys conducted to date demonstrate that the Aguila project has potential to become a significant copper-molybdenum resource, with anomalous copper distributed over an irregular 1.7-by-1.2-kilometre surface area and strong geophysical anomalies distributed over a 3.0-by-2.0-kilometre area. Drill intersections to date show consistent copper and molybdenum values over significant widths, with known areas of mineralization open in several directions and also at depth.

The company also announces that options to purchase a total of six million common shares of the company have been granted to directors, officers, employees and consultants at an exercise price of 29 cents per share, expiring on March 14, 2016. The grant is subject to regulatory approval.

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