Duran Ventures Inc.

Wellington West coverage of DRV. 2011 is shaping up to be a great year for DRV. Here is part of the 20 page report.

Duran Ventures (DRV-V)

No rating, No target

Added to WWCM Mining Watchlist

· Site trip showcases geologic potential of the 100%-owned Aguila project. Geologic potential and general scarcity of high-quality copper development assets warrants the inclusion of Duran Ventures in our WWCM Mining Watchlist.

· 100%-owned Aguila project brings to bear high copper grades over long intervals. 17 historic intersections. Highlight hole AGD008 returned 522 m @ 0.63% Cu and 0.049% Mo (0.957% Cu-eqv). 20,000 metres planned for 2011. Cashed up for program.

· 100%-owned Ichuna silver-copper property should also feature in DRV's 2011 exploration program. Also in Peru, Ichuna borders Canahuire, a 5.6mm oz and growing world-class gold-silver asset that was recently discovered by Goldfields/Buenaventura. Noteworthy is that Duran owned the property prior to the discovery of Canahuire and prior to the pick-up in exploration activity in the area.

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Steve Parsons, P. Eng. - Senior Analyst, Mining

Wellington West Capital Markets Inc.

sparsons@wwcm.com

WWCM Research Archives

Duran Ventures Inc. (DRV-TSXV) : Peru Site Visit Highlights Potential of Aguila and Catalysts in the Hopper for 2011
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Duran Ventures Inc. (DRV-TSXV) : Peru Site Visit Highlights Potential of Aguila and Catalysts in the Hopper for 2011
Analyst: Steve Parsons, sparsons@wwcm.com

20k m Aguila drill program planned for 2011 (pending permits).
Program to follow-up on 17 historic intersections, which avg ~0.70% Cu- eqv over 500 m, resource definition, depth extension and step-out testing.

Maiden resource estimate for Aguila expected in Q4/11.
NI 43-101 maiden resource update due in Q4/11; highlight hole AGD008 returned 522 m @ 0.63% Cu and 0.049% Mo (0.957% Cu-eqv).

Drilling at Ichuña project to commence in Q4/11 (pending permits).
Permitting underway at Ichuña (S. Peru) that borders Canahuire (Goldfields/Buenaventura) where a 5.6mm+ oz Au resource has been defined.

No Rating or Target; geologic pot'l supports inclusion in Watchlist.
Dec 2010/Jan 2011 financings totaling ~$7.4mm @ $0.13/sh (subject to 4 month hold) should substantially fund the planned 2011 work program.