Discovery Minerals Ltd. (DSCR: OTC Pink Current) | Engagement of Auditing Firm

OTC

Engagement of Auditing Firm

Jul 13, 2013

OTC Disclosure News Service

Reno, NV

Discovery Minerals Ltd. announces its Intent
to become a fully reporting Issuer by retaining PCAOB Accounting Firm, MaloneBailey,
LLP to audit its Financial Statements.

July 12, 2013 (ACCESSWIRE via COMTEX) — Reno, NV, July 12,
2013 — Discovery Minerals Ltd. (OTCPink: DSCR) is pleased to announce
that it will be proceeding with a two year US GAAP standard audit, so that it
can become a fully reporting Issuer. MaloneBailey, LLP, a reputable PCAOB
accounting firm will commence with the audit, before the end of July, 2013.
Preparations will also be made to initiate a registration, or Form S1 filing
with the SEC, once the company restructures its remaining affiliate and non-affiliate
debt obligations. 

Russell
Smith, CEO, of Discovery Minerals states, “We must become a fully
reporting issuer, so that we can file directly with the SEC. Audited financial
statements are the cornerstone of transparent companies, and we need to meet
this objective in order to give our shareholders more confidence. We have been
a current filer with OTC Markets for some time, but as a domestic issuer, we
need to take that next step of filing audited statements, and registering with
the SEC, so that we can attract investment dollars for our various project
requirements.”

Discovery Minerals
is a U.S.-based metals exploration and development company focused on projects
in the Western United States and California in particular. The Company is led
by an experienced board of directors and management team with extensive
corporate, exploration, mine development and production operation records in
the US and Australia.

About Discovery Minerals Ltd.:

Discovery Minerals Ltd. (Frankfurt
WKN: A0LB3X) (Kurzel: D7Z) (OTCPink: DSCR) is a production stage company formed
to acquire and develop natural resource properties. Activities include gold,
precious metals and minerals, including rare earth minerals production and
sales. The Company has initiated a new program to evaluate undervalued assets,
including clean tech and alternative energy investments, for potential addition
to its portfolio.

Safe Harbor: This release
includes forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 27E of the Securities Act of 1934.
Statements contained in this release that are not historical facts may be
deemed to be forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual performance and
results may differ materially from that projected or suggested herein due to
certain risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approval for anticipated
actions.

Company Contact Information:

Mr. Henry Manayan, Esq., Chief
Operating Officer

Discovery Minerals, Ltd.

429 West Plumb
Lane

Reno, Nevada
89509

Telephone: 1.408.656.0143

SOURCE Discovery Minerals Ltd.

 

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The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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