TORONTO, ONTARIO--(Marketwire - Dec. 4, 2012) - Duran Ventures Inc. (TSX VENTURE

RV)(BVL

RV) ("Duran" or the "Company") is pleased to announce that it has signed a Definitive Agreement ("the Agreement") with a well-funded private Peruvian mining company (the "Optionee") to earn a 70% interest in the Company's Don Pancho Polymetallic Silver-Lead-Zinc Project (the "Project") located in the Department of Lima, Perú for total cash consideration of US$2,030,000. The Company previously announced that it had entered into a Letter of Intent ("LOI") with the Optionee in a press release dated August 15, 2012.