Duran Ventures Inc. announced that it has entered into a Letter of Intent (LOI) with Peruvian mining company to earn a 70% interest in the company's Don Pancho Polymetallic Silver-Lead-Zinc Project, located in the Department of Lima, Peru for cash consideration of USD 2,030,000. The Don Pancho project covers an area of 800 hectares and is located nine kilometers west of the historical Santander silver-lead-zinc mine currently being developed by Trevali Resources Corp. Mapping and sampling shows the silver-lead-zinc mineralization is associated with an extensive breccia zone. Under the terms of the LOI the Optionee has the following option payment obligations to Duran: USD 30,000 upon signing of the LOI; USD 250,000 upon signing the Definitive Agreement; USD 750,000 eighteen months after signing the Agreement; and USD 1,000,000 to exercise the optionee's purchase option to acquire 70% of the Project no later than forty-two months after signing the Agreement.

The company also announced that Mr. David Prins has joined its Advisory Board. Mr. Prins is a Civil Engineer with extensive experience in the evaluation, design, planning and subsequent development execution stages of mining projects, principally in Latin America. Mr. Prins' previous position was as President and CEO of Explorator Resources Inc. Prior to this he was the principal of his own Santiago, Chile, based consulting firm which provided project evaluation and management services to many precious and base metals mining companies. Mr. Prins has also worked for Placer Dome Project Development Group directly and indirectly for a period of over 16 years which included a 10 year period at the Zaldivar Mine in Northern Chile.