RENO, NV- February 11, 2014 - Discovery Minerals Ltd. (OTC Pink: DSCR) is pleased to inform its shareholders that the remaining portion of the audit retainer has been secured and is intended to be paid this week. This will begin the financial audit process required to obtain OTCQB status. Mr. Russell Smith, CEO, commented, "We are completing our First quarter financial filing requirements and once filed, we can begin the audit process which we have eagerly awaited. We have set a benchmark to have the audited financials completed within the next Quarter ending, March 31, 2014, allowing the company to meet the OTCQB filing requirements."
In addition, the Company intends to release an upgraded version of the M.I.N.E. ™ App next week with additional functionality. Mr. Smith added, "As we previously mentioned, the Beta version of the App will continue to be improved until ultimately, in our opinion, becoming a vital tool for shareholders and investors in the Mining Industry."
About Discovery Minerals Ltd.
Discovery Minerals Ltd. (FRANKFURT: A0LB3X) (Kurzel: D7Z) (OTC Pink: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
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.
SOURCE: Discovery Minerals Ltd.