Duran’S Aguila Norte Mineral Processing Plant Commissioning Update

DURAN’S AGUILA NORTE MINERAL PROCESSING PLANT COMMISSIONING UPDATE

(Toronto, Ontario – January 23, 2017) Duran Ventures Inc. (TSXV: DRV; BVL: DRV) (“Duran” or the “Company”) is

pleased to provide an update on the commissioning of its Aguila Norte Mineral Processing Plant (“Aguila Norte” or

the “Plant”) located in Northern Peru. The Plant is currently processing third party mineral during the initial

commissioning phase. Concen trates are being produced and the Company will soon commence processing its

100% owned lead-zinc-silver mineral that was purchased in 2016.

Numerous miners have expressed interest in processing mineral at Aguila Norte where mineral stockpiles from

third party suppliers are growing. It is expected that the commissioning phase at Aguila Norte will continue during

the first quarter of 2017 and the Plant will process third party mineral during this phase. Aguila Norte will charge

a processing fee (“maquila”) to the mineral suppliers. Duran is now in a position to start entering into agreements

with miners to jointly process mineral with profit sharing agreements and/or purchase mineral outright before

processing.

Duran secured its 80% interest in Aguila No rte in 2016 by fulfilling all terms of its agreement with the Company’s

Peruvian partner. Duran has been able to construct Aguila Norte using working capital through its 80% owned and

debt free subsidiary, Minera Aguila de Oro SAC (“MADOSAC”). The securement was closed upon transferring 20%

of the shares of MADOSAC to the Company’s Peruvian partner. Aguila Norte is a polymetallic flotation mineral

processing plant located near Trujillo, Department of La Libertad, in northern Peru and accommodates a 25 tonne

per hour crushing circuit, a 100 tonne per day milling circuit, a robust flotation circuit, and a +20 year tailings area

with current tailings capacity of three to four years depending on the mineral treated. The P lant’s location near

Trujillo, just off o f a major highway, in an area with abundant small scale mining and very few independent

mineral processing facilities provides Duran with a strategic cash flow opportunity. Mineral processing via

flotation and a gravity circuit is designed to produce up to three distinct concentrates enabling processing of a

wider spectrum of polymetallic and precious metal sulphide ores. Aguila Norte is considered the only plant in this

area capable of producing three concentrates from the same mineral source which will pr ovide miners and

suppliers more flexibility in mineral processing.

The Company will provide further updates as the Plant commissioning progresses.

Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43 -101, is responsible for all

technical information 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.