Discovery Minerals LTD (DSCR)

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Discovery Minerals Ltd.,is an acquisition and development company that targets natural resource properties through its subsidiaries. The Board of Directors has determined that these activities be clearly defined and separated within the company. All previous operations and activities such as precious metals/mining and industrial hemp growing & processing and clean alternative energy technology will be preserved and held in a new corporate structure as a subsidiary. Suitable management recruits are being sought for these pursuits by Discovery at this time. Shareholders will be kept advised of these arrangements in the normal way. The Company currently has an Option Agreement with Meritus Minerals to acquire their interest in a Gold Mining Project in Mongolia. Discovery has engaged a local attorney in Ulaan Bataar following a site & Country visit and is carrying out their Due Diligence investigation. Discoveryâ??s Project Manager has recently travelled to Kyrgyzstan to evaluate the possibility of entering into a joint venture with a well established local mineral exploration group into a high grade gold mine that has been delineated by diamond and reverse circulation drilling. Further drilling is planned to increase reserves.