WILLAMAX PROJECT. TSX-V: DVN Reach us at Developing B.C. mining assets to create profitable gold production.

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1 WILLAMAX PROJECT Developing B.C. mining assets to create profitable gold production May 2014 Reach us at

2 Management Team Akash Patel, President and CEO Mr. Patel has received a bachelor in accounting from the British Columbia Institute of Technology with a major in accounting and minor in finance. Walter (Del) Marting, Director Walter A. Marting, Jr. has spent a large part of his career both as a senior executive for a Fortune 500 mining company and starting and running his own junior gold mining company. Mr. Marting joined Amax Inc. as an underground mine Production Supervisor at Amax s Climax Molybdenum property in Climax, Colorado. Mr. Marting spent two years working underground and in Climax s open pit operation before moving to the Company s headquarters in Greenwich, CT. In 1982 Mr. Marting was named Vice President Finance for Amax Europe in Paris, France. Mr. Marting helped build Amax s global mining presence from its Paris headquarters and had financial oversight of the company s European and African exploration and development and ore processing activities. He left Amax in 1984 to start his own mining company that undertook the re-opening and operation of the famed 16-1 Mine in Allegheny, CA. Kenneth C Phillippe, B. Comm, CA., Chief Financial Officer Mr. Phillippe is a Chartered Accountant licensed to practice in British Columbia. He received a Bachelor of Commerce degree from the University of British Columbia in 1976 and obtained his professional accounting designation in 1981, after articling with the firm of Thorne Riddell (now KPMG) Neil Hill Morgan, Director Mr. Morgan has over 30 years of business experience encompassing a wide range of corporate experience in sales, management and ownership of many successful business enterprises. 2

3 Cautionary Statement CAUTION REGARDING FORWARD LOOKING STATEMENTS: Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes forward-looking statements within the meaning of the Private Securities Act of Such forward-looking statements, including but not limited to those with respect to the price of copper, gold and silver, the timing and amount of future production, costs of production, reserve and resource determination and reserve conversion rates, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks relating to the integration of acquisitions, risk relating to international operations, risks relating to joint-venture operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project and exploration parameters as plans continue to be refined, future prices of copper, gold and silver. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES: This presentation uses the terms Measured, Indicated and Inferred Resources. U.S. Investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them. Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. Investors are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into reserves. U.S. Investors are also cautioned not to assume that all or any part of an Inferred Resource exists, or is economically or legally mineable. 3

4 Corporate Structure (May 1, 2014) Discovery Ventures Inc. Shares issued: 49,462,999 Options: 1,250,000 Fully Diluted Shares: 50,712,999 4

5 Business Plan / Opportunity Delivering an orphaned gold resource to a shuttered concentrator will result in a very profitable gold operation in the near-term; with upside potential of long-term/expanded precious and base metals resources. Willa Deposit Gold + Copper + Silver Technical Report by Wayne M. Ash, P.Eng. Approximately 6.3 g Au/T, 10.8g Ag/T, and 0.79% Cu Underground development, 198,000 m drilling, advanced permitting Approximately $18 million (1980 dollars) spent to date by BP Minerals, Rio Algom & Northair Open in 3 directions and fully developed MAX Mine and Mill Modern (2007) processing, office, camps and other infrastructure Resource Estimate by Macauley 43 mt global resource (currently on care and maintenance) Underground Mo Mine developed and permitted $95m+ spent to date (includes $20m by Newmont) Reach us at

6 Project The Location Willa gold-copper-silver deposit is located in one of the most highly mineralized regions of B.C. for base and precious metals. 6

7 Combining Willa Gold Copper Silver Deposit With Max Mill Max mill location 135 Km Route Willa Deposit 7

8 Willa Deposit Updated Resource completed and data base digitized. Preliminary mine design and mine schedule completed in 2005 based on the new Mineral Resource estimate. Study done at $400/Au and $1.75/Cu price environment = <15%IRR. 596 drill holes totaling 189,000 feet (57,250 meters) of core drilling and 8,500 feet (2,575 meters) of underground workings, extensive geophysics and sampling consisting of 19,780 analyses for gold, copper and silver s to 2005 reported to cost $18 million. 8

9 Current Willa Resource (including inferred) based upon the Wayne Ash, P.Eng. November 2012 Report 1025m Level Adit & Dump 1100m Level Adit & Dump 1100 Level Category Tonnes Au (g/mt) Cu (%) Ag (g/mt) Measured 495, Indicated 262, Total 758, Cutoff 3.5 g/t Au 9

10 MAX Mine Mill MAX Molybdenum Mill & Concentrator 500 tpd Capacity 100% FortyTwo Metals Inc. (Wholly-owned subsidiary of Roca Mines Inc.) 43 Mt Molybdenum compliant resource Initial production April 2008 November 2011 Production stalled by Molybdenum price and capital required Total mined to date = 430,000 T at 0.5% Mo (diluted head grade) All plant, camp, permits, bonds, resource and tax losses included Estimated Tax Loss pools in FortyTwo Metals = $50M Total purchase price = $5.5m Initial $1.8M deposit earning a 35% interest and balance to be paid in 3 months. 10

11 Willa Phase 1 Plan Acquisition Cost Willa = $3m + Shares over time (not in Capital) Phase 1 plan focuses on initial 475,000 T from larger Willa resource Requires Road upgrade, underground rehab and development, site offices etc Preliminary Willa Mine Capital Cost estimate = $ 3.84M (+25% contingency) Permitting, administration, engineering & bonding included in costs Max Mine Mill Phase 1 Plan Acquisition Cost MAX (comes with $50m tax loss) = $5.5M Requires minor changes to mill circuits Preliminary Capital Cost estimate = $ 1.58M (+25% contingency) Permitting and Bonding included in costs Reach us at

12 Willa Max Phase 1 Cash Flow Summary Updated Operating Cost Estimates for 500 TPD Pre-production and permitting require ~12 months Total Project Capital Cost = $ 14.8M Phase 1 Production Period estimated to be 33 months Price Assumptions: Gold = $1,200/oz, Silver = $20/oz, Copper = $3.00/lb Cumulative Cashflow = $67.1m (pretax, MAX asset has a $50M Tax Loss) NPV = $36.8M & IRR = DCF Payback < 1 year Cash Cost Gold (after deduct. Ag & Cu credits) = $700/oz based on revenue vs. opex Max Mill Willa Deposit Reach us at

13 Willa Max NPV vs Price of Gold Reach us at

14 Willa Max Rational and Economics Long life resources at Willa >7 years High Quality Database Mineralization Open in 3 directions - several other highly-prospective areas undeveloped. Potential dual mine operation with existing facilities. Operating Margins = >200% ($200 value - <$100 costs). Mining widths = 4 to 30 meters allow low cost efficient mining methods. Excellent metallurgical characteristics. Paved highway access with close proximity to towns. Experienced local mine crews and mine operators. Permitting in place for Max Mill Production should be achievable within 12 months. Ready to Mine Mine Development in Place required capex <$5.0. All milling equipment late model and recent operation. 14

15 Proposed Willa MAX Project Extensive exploration drilling completed and underground workings Well defined compliant 2012 resource estimate; Deposit is un-mined and open in 3 directions. Very profitable initial mine plan to produce copper concentrate with gold & silver credits and gold dore. Significant work completed towards permitted mining plan 475,000 T of Willa resource to be trucked 135 kms to MAX Mill at 500tpd in first phase Combined assets include; precious gold, copper, silver and molybdenum resources with additional exploration targets including tungsten $13.1M capital investment in 60 month plan generates $1,500 /oz gold 15

16 Contact Us Learn more about Discovery Ventures, visit our web site at: PHONE ADDRESS Granville Street Vancouver, B.C. Canada V6C 3P1 Reach us at