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To: LoneClone who wrote (20796)6/3/2008 10:40:16 PM
From: LoneClone  Read Replies (1) | Respond to of 194692
 
MacMillan & Duran Report Entire 718.1 Metre Hole 6 Averages 0.555% Cu and 0.041% Mo Including 571.4 Metres of 0.657% Cu and 0.041% Mo
Tue Jun 3, 4:01 PM

ca.news.finance.yahoo.com

TORONTO, ONTARIO--(Marketwire - June 3, 2008) - George A. Brown, CEO of both Duran Ventures Inc. (TSX VENTURE: DRV.V) and MacMillan Gold Corp. (TSX VENTURE: MMG.V), is very pleased to announce the results of Hole 6 testing the Aguila Cu - Mo Target in Ancash, Peru. Cary Pothorin, P.Geo., President of Minera Aguila de Oro SAC and David Bending, P.Geo., are both Vice Presidents of MacMillan and Duran, are Qualified Persons as defined in National Policy 43-101, and are responsible for all technical information contained in this joint news release.

Hole 6 was drilled to provide a complete section from the mineralized east contact zone to the mineralized west contact zone and to test the continuity of the mineralized system at greater than 600 metres vertical depth representing an increase of over 50% from the previous proven vertical depth of 400 metres from RTZ Hole 1. Hole 6 was terminated at 723.3 metres in a well mineralized diorite dike in the west contact zone in material with reported grades of 0.687% Cu and 0.045% Mo over the last 5.5 metres. This indicates the potential for another porphyry body at this depth located towards the West Contact Zone. Hole 6 was terminated at a vertical depth of 626.4 metres projected from the collar location and at over 675 metres vertical depth if projected from the bottom of the hole up to surface. The target hole length of 770 metres was not achieved due to equipment limitations.

Total Cu
From To Length Rock Type Cu % Mo % Equivalence
Metre Metre in Metres AQR/AA AQR/AA %(i)
--------------------------------------------------------------------------
5.2 137.0 131.8 Siltstone 0.177 0.041 0.585

137.0 227.0 90.0 Intrusive
breccia 0.824 0.036 1.185

227.0 341.0 114.0 Diorite
porphyry 0.668 0.028 0.952

341.0 392.0 51.0 Intrusive
breccias 0.660 0.043 1.087

392.0 708.4 316.4 Diorite
porphyry 0.586 0.047 1.060
--------- -----------------------------
Sub-total 571.4 0.647 0.041 1.061
--------- -----------------------------
708.4 717.8 9.4 Quarzite 0.172 0.025 0.422

717.8 723.3 5.5 Diorite
porphyry 0.687 0.045 1.135

Total 718.1 0.555 0.041 0.965


(i)Note: Total Cu Equivalence % is the sum of the Cu % plus 10 times the Mo % based on an assumed 10:1 ratio of Mo to Cu selling prices (i.e. US$1.50 Cu to US$15. Mo or US$2.50 Cu to US$25. Mo or US$3.50 Cu to US$35. Mo) Metallurgical recoveries and net smelter returns are assumed to be 100%. These equivalence grades should not be interpreted as actual grades since the conversion ratio varies with volatile prices of Cu and Mo and the economic recoveries of Cu and Mo can vary significantly in actual extraction and processing.

The core was logged, photographed and systematically sampled by halving by diamond saw. One half the core was sampled in three metre intervals and sent to the Lima laboratory of Inspectorate Services Peru SAC (a certified laboratory) for preparation and multi-element ICP analysis followed by AQR/AA assaying for Cu and Mo and 30 gram FA/AA assaying for Au and Ag. The company has a QA/QC protocol in place including the use of duplicate sampling by outside labs, certified standards and blanks and secure care and custody of samples.

Two attempts at drilling Hole 7 were terminated due to intersecting underground workings. Hole 7A was drilled to 83.0 metres and Hole 7B was drilled to 92.5 metres from a collar 10 metres north of the collar for Hole 7A. Hole 7C will be drilled after additional mapping of the location of the underground workings. Hole 8 is currently underway and is at over 385 metres of a planned length of 570 metres.

Our application to extend and expand our B Permit was submitted and approved. Our B Permit is now valid until October 14, 2008 and allows us to immediately source a second drill which will commence diamond drilling at the Pasacancha Ag-Au-Lb-Zn Target as soon as contracted and mobilized. Our C Permit application has been reviewed and observations received from the granting authorities. We have engaged a Peruvian engineering and environmental consulting firm to respond to all observations within the required administrative deadline in mid July 2008.

Investors are invited to visit the MacMillan Gold IR Hub at www.agoracom.com/IR/MacMillan where they can post questions and receive answers or review existing questions and answers. Investors may also email questions or request to be added to the investor email list at MMG@agoracom.com.

Duran Ventures Inc. and MacMillan Gold Corp .are Canadian resource companies listed on the TSX Venture Exchanges: Symbols "DRV" & "MMG".

To view a Map of the Aguila Project, please visit the following link: media3.marketwire.com

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.

Contacts

George A. Brown
Duran Ventures Inc. and MacMillan Gold Corp.
CEO
(416) 867-1101
(416) 867-1222 (FAX)
Email: duranventures@ca.inter.net
Email: macmillangold@ca.inter.net