eResearch Issues Initiating Report on Duran Ventures Inc.

The Company's owns 100% interests in seven base metals properties, all at various stages of exploration and development drilling, and none subject to underlying royalties or government restrictions or payments.

Duran's real interest is on developing its recently-acquired gold property (Minasnoic), which it won out in a government auction over Barrick Gold Corporation and another interested private party, both of which had conducted exploratory work on the 1000-hectare property.

In order to concentrate on Minasnoic, Duran is interested in joint-venturing the development of its base metals properties (one j.v. recently completed). This could interest mining giant Minera Penoles de Peru S.A. which has significant properties near by.

With a market cap of $15 million, the shares are suitable for risk-tolerant investors. We rate the shares as a Speculative Buy, with a 12-monthTarget Price of $0.28 per share.

This Press Release was prepared by eResearch and was not vetted by Duran Ventures Inc. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Duran Ventures Inc.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential for reaching millions of global investors through our extensive electronic distribution network.

Duran Ventures Inc. paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.

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