TORONTO, ONTARIO--(Marketwired - Jan. 23, 2017) - Duran Ventures Inc. (TSX VENTURE:DRV)
(LMA:DRV) ("Duran" or the "Company") is pleased to provide an update on the commissioning of its Aguila Norte Mineral
Processing Plant ("Aguila Norte" or the "Plant") located in Northern Peru. The Plant is currently processing third party mineral
during the initial commissioning phase. Concentrates are being produced and the Company will soon commence processing its 100%
owned lead-zinc-silver mineral that was purchased in 2016.
Numerous miners have expressed interest in processing mineral at Aguila Norte where mineral stockpiles from third
party suppliers are growing. It is expected that the commissioning phase at Aguila Norte will continue during the first quarter
of 2017 and the Plant will process third party mineral during this phase. Aguila Norte will charge a processing fee
("maquila") to the mineral suppliers. Duran is now in a position to start entering into agreements with miners to jointly process
mineral with profit sharing agreements and/or purchase mineral outright before processing.
Duran secured its 80% interest in Aguila Norte in 2016 by fulfilling all terms of its agreement with the Company's
Peruvian partner. Duran has been able to construct Aguila Norte using working capital through its 80% owned and debt free
subsidiary, Minera Aguila de Oro SAC ("MADOSAC"). The securement was closed upon transferring 20% of the shares of MADOSAC to the
Company's Peruvian partner. Aguila Norte is a polymetallic flotation mineral processing plant located near Trujillo, Department
of La Libertad, in northern Peru and accommodates a 25 tonne per hour crushing circuit, a 100 tonne per day milling circuit, a
robust flotation circuit, and a +20 year tailings area with current tailings capacity of three to four years depending on the
mineral treated. The Plant's location near Trujillo, just off of a major highway, in an area with abundant small scale mining and
very few independent mineral processing facilities provides Duran with a strategic cash flow opportunity. Mineral processing via
flotation and a gravity circuit is designed to produce up to three distinct concentrates enabling processing of a wider spectrum
of polymetallic and precious metal sulphide ores. Aguila Norte is considered the only plant in this area capable of producing
three concentrates from the same mineral source which will provide miners and suppliers more flexibility in mineral
processing.
The Company will provide further updates as the Plant commissioning progresses.
Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43-101, is responsible for all
technical information contained in this news release.
About Duran
Duran Ventures Inc. is a Canadian exploration company focused on mineral processing and the exploration and
development of precious and base metal properties in Peru.
Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange and the Bolsa de Valores de
Lima: Symbol "DRV"
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclosure Regarding Forward-Looking Statements: This press release contains certain
"Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will",
"should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking
statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and
analysis made by management in light of its experience, current conditions and its expectations of future developments as well as
other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and
unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or
implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such
statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion
and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such
forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such
expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking
statements and information, readers should carefully consider the various factors which could cause actual results or events to
differ materially from those expressed or implied in the forward looking statements and forward-looking information.