Discovery Ventures Inc. Announces Proposed Name Change

Press Release

May 24, 2016

Discovery Ventures Inc. (TSX-V: DVN) (FSE: ODV) (OTCQX: DTVMF) (“Discovery”) announces that it intends to proceed with a name change to “MX Gold Corp.” (the “Name Change”).

“MX Gold Corp. is a name that better reflects our company’s business plan. With the acquisition of the Max Mine and Mill, we are ready to move the WillaMAX Project forward. This name will be our brand and symbol as we advance development of our flagship project,” says Company CEO Dan Omeniuk.

The Name Change is subject to the approval of the TSX Venture Exchange.

About Discovery

Discovery Ventures Inc. is a junior mining company focused on the mining, exploration and development of advanced projects located in the Kootenay region of British Columbia. The Company’s primary focus is its high-grade Willa gold and copper project located 12 kilometers south of Silverton, BC. In 2015, Discovery completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. The Willa mine is located 135 kilometers south of the Max Mill.

On behalf of the Board of Directors,
“Dan Omeniuk” CEO, Discovery Ventures Inc.

For further information, please contact Ron Birch 250-545-0383 or by email at:
info@discoveryventuresinc.com

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