Discovery-Corp Enterprises Inc. Announces $350,000 Private Placement and 10 for 1 Consolidation.

TSX.V Symbol: DCY

1108 -193 Aquarius Mews * Vancouver * British Columbia * CANADA * V6Z 2Z2

Tel. 778 371 9936 www.discovery-corp.com

News Release

December 10, 2019

For immediate release

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Discovery-Corp Enterprises Inc. Announces $350,000 Private Placement and 10

for 1 Consolidation.

Vancouver - Discovery-Corp Enterprises Inc. (the “Company”) (DCY -TSXV) announces that, a

consolidation of all outstanding shares on a 10 for 1 basis was approved by 99.6% of

Shareholders that voted on December 4, 2019 at the Company’s AGM and Special Meeting. On

a post consolidation basis, the Company also announces it has arranged a non-brokered private

placement of 3,500,000 units ("Units") at a price of $0.10 per Unit for total gross proceeds of

$350,000 (the "Offering"). All of the Units issued will be subject to a four-month hold period. The

planned consolidation of all outstanding shares on a 10 for 1 basis and the Offering are subject

to the approval of the TSXV.

Each Unit will consist of one common share ("Share") and one share purchase warrant of the

Company ("Warrant"). Each whole Warrant will entitle the holder to purchase an additional Share

for a period of up to 36 months from the closing date at an exercise price of $0.15 per Share. All

of the Units issued will be subject to a four -month hold period. The proceeds raised from the

Offering will be used for working capital and exploration work. Finder’s fees may be paid.

On Behalf of the Board of Directors

“Iain Brown”, Chief Financial Officer

Discovery-Corp Enterprises Inc.

Discovery-Corp is a junior exploration company based in Vancouver, British Columbia, Canada that is

focused on finding high quality gold and copper properties. Discovery-Corp’s properties include the Galaxy,

located in the New Afton camp in Kamloops, BC and the Rock Creek Ranch, located in North Central

Nevada at the intersection of the Getchell and Battle Mountain-Eureka gold trends.

This release has been prepared by Management – The TSX Venture Exchange has not reviewed this news release.

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. This document contains

certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the

corporations control which may cause actual results, performance or achievements of the corporation’s to be materially

different from the results, performance or expectation implied by these forward looking statements. Certain statements

set out in this News Release constitute forward-looking statements. Forward-looking statements (i) are often, but not

always, identified by the use of words such as “expect”, “may”, “could”, “anticipate”, or “will”, and similar expressions;

(ii) are subject to a variety of known and u nknown risks and uncertainties and other factors that could cause actual

events or outcomes to differ materially from those anticipated or implied by such forward-looking statements.