RENO, NV - February 26, 2014 - Discovery Minerals Ltd. (OTC Pink: DSCR) is pleased to update its shareholders on recent events involving its wholly owned subsidiary, Deer Park Development Corp, a real estate holding company. After careful analysis, management of Deer Park is vigorously looking to secure low cost agricultural land for the production and cultivation and processing of Industrial Hemp and also Cannabis that can be used for medicinal purposes.
The company believes that now is a very strategic time to enter into purchasing farmland and leverage its holdings into the quickly emerging Medical Marijuana industry. Mr. Marty O'Malley, CEO, commented, "The management of Deer Park is actively pursuing discussions and negotiations, targeting potential acquisitions of low cost farm lands in both the United States and Canada with the intention of utilizing this land for broad scale Marijuana production. We believe that with several states being on the cusp of legalization now is the time to increase our real estate portfolio with this particular industry in mind."
About Discovery Minerals Ltd.
Discovery Minerals Ltd., (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.