RENO, Nev., Aug. 30, 2012 /PRNewswire/ -- Dhanoa Minerals Ltd. (OTC Pink Sheets: DHNA) is pleased to announce that as of today, August 30, 2012, the Company has changed its name to Discovery Minerals Ltd. and will be trading under the symbol DSCR (OTCPK: DSCR). There is no need or requirement for current shareholders to surrender their shares issued under the old name, Dhanoa Minerals Ltd., in exchange for new shares in the name of Discovery Minerals Ltd.

Discovery Minerals entered into a lease-option agreement on January 24, 2012, which was formalized into a lease-purchase agreement in May 2012 on certain copper claims in San Bernardino County, California (Turquoise Mountain Project). The Company agreed to spend $450,000 under this purchase agreement for the development of the property to either sell the property or continue into production. The Company as of June 30, 2012 has paid $76,939 on this purchase and development contract. Discovery Minerals now owns these leases outright and has agreed to carry the expenditures needed to further develop this property.

Discovery Minerals has a total of $450,000 committed costs to assess and develop the property known as the Turquoise Mountain Project. Based on extensive data acquired from previous owners' exploration operations during the 1950s and '60s, the Company intends to re-evaluate the promising results obtained then, in light of the much higher metal prices and the newer production technologies now available. Comparisons with nearby mineral occurrences & properties would put the value of the leases in excess of $5,000,000. The Turquoise Mountain Project will require additional funding before it can begin generating revenues.

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