Discovery Ventures Inc. Files Willa Technical Report With TSX Venture Exchange

VANCOUVER, 12/17/12 - Discovery Ventures Inc. ("Discovery" or the "Company") (TSX VENTURE: DVN) Further to the Company's news release of November 19, 2012, "Discovery Ventures Inc. Enters Into a Definitive Agreement to Acquire the Willa Gold Deposit" the Company is pleased to announce the filing of its NI 43-101 Technical Report in support of its application for acceptance for filing of the Definitive Agreement with the TSX Venture on the Willa Gold Deposit project. Further, the Company continues to identify and pursue other acquisitions in the natural resource sector and infrastructure needed for existing and future projects.


About Discovery Ventures Inc.

Discovery Ventures' mission is to explore for and develop gold, silver, and copper mineral deposits in the province of British Columbia, Canada. The Company is currently focused on four core assets including the Willa deposit located 8km south of Silverton in the Slocan mining region; Redbird/Rabbitt claims located in southern British Columbia in the Similkameen Mining Division; The Bralorne claims located in southern British Columbia in the Lillooet Mining Division who's mining camp historic gold production totalled 4.15 million ounces of gold from 52 separate veins; and the Big Creek property located approximately 47 kilometres north east of the Taseko Mines Prosperity Porphyry copper deposit.

If you would like to be added to Discovery's news distribution list, please send your email address to info@discoveryventuresinc.com or visit our website located at www.discoveryventuresinc.com.


AKASH PATEL
President



This press release contains projections and forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of Discovery such as the statement that the closing of the Agreement may occur and that the option may be exercised. There are numerous risks and uncertainties that could cause actual results and Discovery's plans and objectives to differ materially from those expressed in the forward-looking information, including the inability to obtain exchange approval or inability to close the agreement for any reason. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

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



Contacts:

Discovery Ventures Inc.
1-604-818-1706
info@discoveryventuresinc.com
www.discoveryventuresinc.com