To: Goose94 who wrote (8001 ) 6/10/2015 10:16:00 AM From: Goose94 Read Replies (1) | Respond to of 202700 Discovery Ventures (DVN-V) June 10, '15 is pleased to announce that it has entered into a definitive agreement with Dan Omeniuk (the "Investor ") whereby the Investor has agreed to provide two secured credit facilities to Discovery: a $2 million convertible credit facility (the "Convertible Credit Facility ") and a $5 million credit facility (the "Credit Facility ", together with the Convertible Credit Facility, the "Credit Facilities "). Any funds drawn down on the Convertible Credit Facility will be convertible at the option of Discovery or the Investor into units (each, a "Unit ") of Discovery at a price of $0.10 per Unit. Each Unit will consist of one common share of Discovery (each, a "Share ") and one warrant, with each warrant entitling the Investor to purchase an additional Share at a price of $0.15 per Share for a period of 3 years. Any conversion that would result in the Investor owning more than 20% of the issued and outstanding shares of Discovery would be subject to Discovery obtaining shareholder approval of the Credit Facilities. The Convertible Credit Facility matures and is payable in cash on the date which is the earliest of: (a) two years from each draw down date; or (b) an event of default. The Credit Facility shall mature and shall be payable in cash on the date which is the earliest of: (a) three years from each draw down date; or (b) an event of default. The Credit Facilities bear interest at a rate of 6% per annum. The Credit Facilities may be repaid by Discovery at any time. The proceeds from the Credit Facilities will be used to fund the advancement of its mining properties and general working capital. The parties agreed to delay the appointment of the Investor as a director and President and Chief Executive Officer of the Discovery. The parties anticipate that the Investor will be appointed in the near future. Akash Patel, Discovery's current President and CEO stated, "we are very excited to have Dan Omeniuk join the Discovery team. Dan brings a wealth of knowledge and entrepreneurship success and we are confident in his ability to spearhead and advance the WillaMAX Gold Project." 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 and Director, Discovery Ventures Inc. Discovery Ventures Inc. (604)-818-1706 Discovery Ventures Inc. Investor Relations: Ron Birch (250)-545-0383 Toll free: 1-800-910-7711