(Toronto, Ontario – May 23, 2018) Duran Ventures Inc. (TSXV: DRV; BVL:
DRV)(“Duran” or the “Company”) is pleased to announce that IAMGOLD Corporation’s Peruvian
subsidiary IAMGOLD Peru S.A. (“IAMGOLD”) has entered into a surface right agreement on its
now named Mansa Musa Project in southern Peru. Duran and IAMGOLD entered into an Option
Agreement in December, 2017 allowing IAMGOLD to earn up to 75% in three stages by
completing cumulative cash payments totalling $500,000 US, delivering a prefeasibility study
and by securing project financing. The details of the earn-in can be reviewed on the Company’s
The surface agreement with the local community now allows IAMGOLD access to conduct
exploration work consisting of geological mapping and sampling, geophysical surveys and
drilling programs. Duran received notice that IAMGOLD will start the field work at the end of
May. As a result, IAMGOLD will now enter into the first option and will make an option payment
of $75,000 US once the surface agreement has been legalized on the Public Notary and after
execution of the public deed. Duran is extremely pleased that IAMGOLD has secured the
surface agreement in a very efficient and timely manner. As a result, a full field season of
exploration can commence on this highly prospective gold-silver property.
The Mansa Musa gold-silver property is located in the department of Huancavelica, Peru,
approximately 310 kilometres southeast of Lima. In 2010 and 2011, the Company was granted
the initial 1,000 hectare concession that covered previous drilling by Barrick Gold Corp. and
Compañia de Minas Buenaventura SAA. Duran, in 2012, purchased from Barrick three
surrounding concessions and an extensive database, which includes: detailed assays for 41
holes totalling 5,863 metres; extensive surface sampling data; detailed geological maps; and
resistivity and induced polarization geophysical survey maps. Since 2012, the Company
acquired an additional 8 concessions expanding the property to cover an area of approximately
7300 hectares.
Duran’s geologists confirmed the presence of a high-sulphidation (acid sulphate) gold-silver
bearing system developed in tertiary volcanic rocks. Extensive zones of argillic and advanced
argillic alteration are present, with areas of massive and vuggy silica with associated alunite.
The largest gold mines in Peru such as Newmont’s Yanacocha, Barrick’s Pierina and Alto
Chicama mines are high sulphidation Au-Ag systems hosted in tertiary volcanic rocks. These
systems are priority exploration targets for major gold producers because of the lower capital
expenditures required to place these disseminated deposits into production and having
favourable metallurgy.
CEO Jeffrey Reeder quotes, “The surface access agreement IAMGOLD secured is very significant
allowing exploration to commence early in the field season. We are extremely pleased with
IAMGOLD’s commitment to the project and look forward to promising results. The earn-in
agreement with IAMGOLD is the second agreement with a major mining company on one of our
wholly owned properties. The Mansa Musa project and associated Earn-in Option Agreement
confirms Duran’s ability to create new projects and attract major partners. Duran’s other earn-
in partner First Quantum re-started drilling in April on our Panteria Cu-Au property located 75
kilometres northwest of Mansa Musa and is expected to finish their second phase drill program
during the third quarter 2018”.
Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has
prepared, supervised the preparation or approved the scientific and technical disclosure
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”
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290

or Oscar Pezo at (011) 511 422-1467

Website: www.duranventuresinc.com Email: [email protected]
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.